Montgomery County Employees Federal Credit Union is working with digital banking provider Digital Insight to add Touch ID to its mobile banking apps... More
Archive: The Neobanker
Vodafone Turkey adds eye verification to mobile wallet app
Vodafone Turkey is adding support for eye verification to its mobile wallet to enable users to unlock the app using biometric provider EyeVerify’s Eyeprint ID technology... More
1bn biometric banking consumers by 2017
More than 1bn consumers globally will be accessing banking services through biometric systems by 2017 and biometrics will become the predominant method of identification for accessing bank services by 2020, Goode Intelligence predicts... More
BBVA adds card controls to mobile wallet
Spanish bank BBVA has updated its BBVA Wallet app, allowing customers to use their mobile phone to limit plastic cards for ecommerce or ATM withdrawals, as well as turning cards ‘on’ and ‘off’ at any time... More
India’s ICICI Bank launches voice recognition service
India’s largest private sector bank ICICI Bank has become the first in the country to launch a voice recognition-based service, allowing more than 33 million customers to make banking transactions through the bank’s call centre by authenticating themselves using their voice... More
Mountain America offers dual biometric log-in for mobile banking
Mountain America Credit Union has announced the beta release of a dual biometric log-in feature that lets its members access their mobile banking app either by scanning their finger or taking a picture of their eye, claiming to be the first to have combined fingerprint and eye-imaging technology in an attempt to make biometrics available to all of its mobile banking users... More
First Internet offers Touch ID login
Customers using US-based First Internet Bank’s personal mobile banking application are now able to log in using their fingerprint and Apple’s Touch ID feature... More
Halifax checks pulse of biometric wristband
UK bank Halifax is investigating how Bionym’s Nymi Band, a device that uses the wearer’s unique cardiac rhythm to authenticate their identity, could be used to reduce the need for customers to remember their passwords... More
CaixaBank lets drivers speak to mobile banking app
Spain’s CaixaBank has launched an app which allows customers to use voice commands to perform simple online banking operations, opening the way for drivers to check balances and initiate transfers as they travel... More
USAA adds face and voice verification to mobile banking app
Financial services group the United Services Automobile Association (USAA) is to enable its members to use biometric authentication, including face and voice verification, to log in to their accounts on their smartphone... More
Emirates banks move towards mobile wallets
The UAE Banks Federation has announced the completion of the pre-implementation phase of a project to develop a mobile wallet platform that all its 51 member banks will be able to use to offer P2P, mobile payments and loyalty programs to their customers... More
TD Bank partners with Moven
Toronto-Dominion Bank is expected to announce a partnership with New York based banking app maker Moven to help its customers use their smartphones to keep track of every purchase they make, The Globe and Mail reports... More
Scotiabank adds smartwatch app
Canada’s Scotiabank has launched a Quick Balance app for the Samsung Gear 2 and Samsung Gear S smartwatches that lets customers check their account balance with a swipe of the screen... More
Korean banks partner with messaging giant for mobile banking service
Korean internet and messaging giant Daum Kakao has launched BankWalletKakao, a mobile wallet service provided in partnership with 16 Korean banks and Korea Financial Telecommunications and Clearing Institute (KFTC)... More
Nationwide adds wearable banking
Customers of the UK’s Nationwide bank can now see their account balance in real time on an Android Wear smartwatch... More
CBD launches bank branch in Facebook
Commercial Bank of Dubai (CBD) has launched a virtual bank branch for Facebook, letting its online banking customers check balances, pay credit card bills, transfer money between accounts and track expenses from within the social network... More
Westpac NZ unveils augmented reality banking app
Westpac New Zealand is to release a mobile banking app that uses augmented reality and 3D imaging to let customers with an iOS device check their credit and debit card balances, make payments and find their closest bank branch... More
British Banking Association reports on UK’s banking ‘revolution’
Mobile and internet banking in the UK is now being used for transactions worth nearly £1bn a day and totalling £6.4bn a week, up from £5.8bn last year, according to an industry-wide report on how mobile technology is changing the banking industry from the British Banking Association and Ernst & Young... More
Moven raises $8m series A
Mobile banking, payments and budgeting startup Moven has raised US$8m in a series A funding round and will use the money to invest in new features and tools and to build its international network of partners... More
One third of US mobile banking users log in at least once a day
Some 31% of Americans who use a mobile banking app access the service at least once a day and more than four in five use it once a week or more, according to new research from Bank of America. Six in 10 respondents are not yet comfortable with the idea of using their smartphone as a wallet in the future, however, the survey found. More