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Banking app developers can now work with Apple to create apps that will enable users to log in to an account using the Touch ID fingerprint sensor.

Users are always looking at those products that save their time and meet their specific needs.

China UnionPay (CUP), the world’s largest bank cards issuer, enters the mobile payment space by launching QuickPass in Beijing in cooperation with over 20 commercial banks.

Incumbents on both sides (banks and FinTechs) are working towards coming together to meet growing customer expectations.

Mobile technology is believed to become a significant force in accelerating the adoption of biometrics.

Throughout 2019, we saw major cellular carriers like AT&T, Verizon, Sprint, and T-Mobile roll out 5G networks.

The technology has already been adopted by one of the world’s largest banks based within the UK as a way to meet government regulations whilst also enhancing the customer experience.

The focus of the Princeton study, Senator Wyden’s letter, and really most of what has been written on the internet about SIM swap fraud has been the role that mobile carriers play in attackers carrying out fraud.

The new service offered by U.S. Bank is powered by Early Warning’s clearXchange network.

As FinTechs continue to disrupt traditional financial services, banks are waking up to the fact that offering an Open API that developers can latch on to and create very specific customized app solutions is how to engage and retain their customers.

Globally, around $80 billion is spent on governance, risk & compliance, and the market is only expected to grow, reaching $120 billion in the next four years.