This is the second report in a series of papers from Mobey Forum´s Open Banking Expert Group. Download the Report Mobey Forum Open Banking Expert Group Co-Chairs: Mario Brkić, Erste GroupOscar Sala, StrandsJordi Guaus, CaixaBankLuis Rodriguez, Strands Given the various strategic options available to banks, the biggest challenge posed by open banking is not…
Mobey Forum’s SCA in m-Commerce Expert Group in co-operation with Aite have produced a report looking into the balance between friction-less online payments and security. The group surveyed industry experts and in this report present their views on online payment security, the payment experience and rising fraud. The key findings of the report include: •…
Open Banking is here! 2018 will see the introduction of laws across the EU that will formally endorse the Open Banking concepts that have been slowly emerging over the past decade. An exciting period of change in payments, banking and indeed the wider financial services ecosystem awaits us. Open Banking means new opportunities for banks both in…
Written by Mobey Forum’s Biometrics Working Group The required procedures for Know Your Customer (KYC) have finally broken free of branch-based face-to-face meetings, and now enable banks to use videoconferencing and biometrics to verify a customer’s identity remotely. This is a big deal; early implementation of new KYC processes can seriously enhance the mobile banking customer…
This document briefly presents am “overview” of the workgroup discussions. It is not a comprehensive record of proceedings nor does it provide all the points raised during discussions. It offers an overall summary of the general direction of workgroup debate.
Consumer adoption of Mobile Financial Services (MFS) is exceeding the expectations of the banking industry. Banks’ m-banking apps are among the most popular services available on mobile devices. Unfortunately, as a result, the popularity of these apps has invited close attention from criminals. This trend is expected to increase as adoption levels continue to grow,…