Smartwatches will be used to access banking apps 10m times in 2017, rising to more than 100m times by 2020, Juniper Research predicts... More
Archive: The Neobanker
SBI to launch feature phone wallet
State Bank of India (SBI) is to launch Batua, a mobile wallet service that works on feature phones, The Economic Times reports... More
Westpac lets customers activate cards via mobile
Westpac customers in Australia can now switch on new credit or debit cards using their smartphone’s camera and the bank’s mobile banking app... More
Apple doesn’t want to be a bank, says CEO
“Nobody wants to become a bank any more and we don’t want to become a bank,” Apple CEO Tim Cook has told the University Philosophical Society at Trinity College, Dublin during a visit this week, Ireland’s Independent newspaper reports... More
Dutch consumers to access websites with banking credentials
Dutch consumers may soon be able to access commercial and government websites using their online banking credentials... More
UK banks warn against storing multiple fingerprints on iPhones
UK banks have reportedly warned Apple Pay users that if they store other people’s fingerprints on their iPhones, they will be treated as if they have failed to keep their personal details safe... More
US Bank loyalty program goes mobile
US Bank FlexPerks Visa customers can now use their mobile phones to redeem loyalty points... More
US banks pilot mobile wallet authentication and issuance at the ATM
PARTNER NEWS: ATM manufacturer Diebold has teamed up with HCE specialist SimplyTapp to offer banks a way to use their ATM network to add a layer of card present security to their mobile wallet provisioning process... More
One billion people make use of mobile banking
More than 1bn mobile phone users will have used their devices for banking purposes by the end of this year, Juniper Research predicts... More
Tangerine tests facial recognition
Scotiabank-owned direct bank Tangerine is reportedly experimenting with facial recognition technology on mobile devices... More
39% of US consumers use mobile banking monthly
Two in five US consumers (39%) and nearly half of mobile device owners (45%) use a mobile device to manage their bank account at least once a month, research from the American Bankers Association reveals... More
First Internet Bank enables Eyeprint ID
US-based First Internet Bank is letting customers log in to their mobile banking app by scanning their eye, using Eyeprint ID technology, rather than entering a user ID and password... More
US bank CEOs fear Apple competition
Almost half of US bank CEOs and directors worry about potential competition from Apple, with 63% saying they don’t think their bank is ready to offer Apple Pay, findings from Bank Director’s 2015 Growth Strategy Survey reveals... More
25% of world’s population to use mobile banking in four years
More than 25% of the world’s population will use mobile banking in the next four years, research from KPMG using data from UBS Evidence Lab reveals, predicting the number of users will double to 1.8bn... More
Tech firms do “better job” than banks, say 24% of young Brits
More than a fifth (24%) of Britons aged between 18 and 34 believe companies such as Google, Apple and Amazon would do a “better job” of providing financial products and services than banks, with 8% now choosing their bank depending on the type of mobile service it offers, research from price comparison site uSwitch reveals... More
Lloyds Bank authenticates customers with contactless ‘tap to bank’ service
Lloyds Bank is testing a ‘tap to bank’ service that lets its mobile banking app users tap their contactless debit card against their NFC phone to authenticate themselves during the mobile banking registration process... More
ING adds biometrics to mobile banking app payments
Users of ING’s mobile banking app in the Netherlands can now use their voice or a fingerprint to authorise payments... More
OceanFirst Bank adds Touch ID
OceanFirst Bank is working with digital banking provider Digital Insight to begin offering Touch ID functionality within its mobile banking app... More
UAE banks approve mobile wallet project
The UAE Banks Federation, a standards body representing 50 Emirates banks, has cleared its mobile wallet project for launch and is now awaiting final approval from the nation’s central bank following a pre-implementation phase completed in December... More
Wells Fargo pilots face and voice authentication
US bank Wells Fargo is piloting a face and voice authentication system with 100 customers using its mobile app on their iPhones... More