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10th Anniversary of Mobile Banking Apps
In May 2011, the Royal Bank of Scotland allowed customers to manage their banking transactions on their mobile phones. Fast forward to 2021, mobile banking has become commonplace and 76% of people in Britain regularly used online banking apps in 2020, whether it be through their traditional bank or a digital-only bank.
Regardless of its popularity, there is much more that could be done to integrate mobiles with modern self-service digital banking, according to Mark Aldred, Banking Specialist at Auriga:
“More work and greater ambition is needed on how smartphones can replace debit and credit cards including for authentication on self-service devices, transforming the ATM infrastructure and the way customers interact with their banks on a larger scale. Card-less access via smartphone can also be a key weapon in the war against ATM cyber-attacks because the customer doesn’t insert their debit card or sensitive information into a potentially hacked ATM. But the value of mobile and ATM interactions is more than just about security and it can make self-service banking more accessible too.”
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TransFi Inc. Raises $19 Million to Build an Emerging Markets–Focused Global Payments Platform on Stablecoin Rails
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AutoRek & Microsoft: Why Reconciliation Is Becoming Strategic
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EXCLUSIVE: “Freedom Calling” – Timur Turlov, Freedom Holding Corp in ‘The Paytech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Nationwide Launches Teacher Accreditation to Boost Financial Education in Schools
Nationwide is launching a national accreditation for primary school teachers that aims to boost confidence in teaching financial education
Ant International Becomes Official Sponsor of The Argentine National Football Team
Ant International announced a partnership with the Argentine Football Association (AFA), becoming an Official Sponsor of the Argentine National Football Team
DNERO Launches Borderless Neobank Powering the Rise of the Latino Economy
DNERO, a new borderless Neobank, officially launches March 24 to address this gap with a unified digital platform