By Laura Crozier
Since the 2008 financial crisis, banks have spent a lot of time and energy on regulatory compliance and cost cutting. Until just recently, as a result of growing regulatory demands, investment in new technology took a back seat, as did innovation.
POPi/o Mobile Video Cloud, an interactive mobile video banking solution, has announced the release of its in-video chat, integration-ready remote deposit capture feature, as well as a redesigned mobile interface.
By Pam Perdue
It may shock you to hear a compliance expert suggest that your bank might be spending too much on compliance. But it’s not only possible, it’s probable.
By David M. Wallace
Trust in banks has declined since the global financial crisis a decade ago. And now the conflicting challenges of both protecting and sharing customer data simultaneously, if not done right, risk further undermining that declining trust.
On the other hand, the opportunity to embed the regulatory requirements as best practices should not be missed. Strong data protections and open banking support will separate successful banks from the stragglers.
Mobile banking apps have become one of the most popular self-service channels in banking, and usage figure from a recent survey revealed that approximately three out of five mobile device owners (59 percent) report using their banking app at least twice a week.