Banking

The European Banking Authority (EBA) has published its ‘final’ draft Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and secure communication under PSD2.

Small businesses are the backbone of modern economies, in which the democratization of financing opens new frontiers for an increasing number of entrepreneurs.

In this age, where millennials expect everything in four clicks, it is also important to quickly provide those accurate answers and a great customer experience.

As incumbent companies continue to maneuver the demands of consumers, many of them are betting on a tech/mobile-forward approach to help retain satisfied users.

With the rising bar of customer expectations, the need for faster, safer, and highly personalized solutions in personal finance management grows beyond measure.

The rise of the ever-growing relationship between technology and financial services is bringing significant changes to the banking industry, which is becoming a battleground where competition is developing to be increasingly multifaceted.

Cloud and mobility are enabling the next generation of banking and commerce experiences. Cardless ATMs and withdrawing cash without cards are great examples of such innovations.

On June 28, 2019, the Monetary Authority of Singapore (MAS) announced that it would issue up to five new digital-only bank licenses.

With effect from January 13, 2018, the EU member states implemented PSD2 in their national regulations.

PSD2 is part of a global trend in banking regulation that aims to foster market competition, innovation, and security.

AI is an inevitable part of reality in a range of segments and industries, as well as a matter of scientific and financial interest for research institutions, governments, and businesses.

As reported by Aite Group, only 32% of more than 1,000 US companies indicated they used mobile banking services.