The Rise of Digital Identity Wallets: Will banks be left behind?
Download the report: This is a report by Mobey…
Download the report: This is a report by Mobey…
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,…
Customer adoption of mobile financial services (MFS) is increasing rapidly. In many cases, these are now some of the most popular services available via a mobile device. It is therefore only to be expected that these services, together with the mobile platforms that deliver them, will attract ever greater attention by criminals. The increase in…