Banking

The explosive rise in digital transactions has led to an alarming rise in online identity fraud, often executed by fraudulently taking over the consumer’s phone.

A primer on what some of the leading banks doing to counter the COVID-19 setbacks.

The QR Code has emerged as a powerful portal between the material and the digital spheres and is fast becoming a retailer’s best friend.

Artificial intelligence is a tech marvel that can transform the way banks and financial institutions engage with their customers.

Government and taxpayers will benefit from eCurrency as it is ten times cheaper to mine and distribute eCurrency than paper money, with its costs to produce, secure, and distribute.

Video banking is not the latest trend in the Polish banking sector. Some banks have already offered it: e.g., ING Bank Śląski, Raiffeisen Polbank, Alior Bank, or Idea Bank. However, it’s mBank, whose number of video calls constantly increases, simplifying e-banking. mBank’s system is the most innovative on the market, not just in Poland. The service is available 24/7, also for those that are not mBank’s customers but are interested in its offer.

It is expected that AI will be the next big thing in finance, changing how we do everyday transactions.

A variety of financial institutions have turned from words to actions, adopting ML/AI in various areas of operations.

A new wave of biometric technologies is poised to change the cybersecurity landscape forever, leaving legacy technologies like OTPs in the dust.

Apart from startups, many banks have been exploring blockchain in some way or the other.

Prove’s Phone-Centric Identity technology can improve your identity verification strategies to make your customer experiences safer, faster, and easier.

Identity tokenization can elevate digital servicing by improving customer service while respecting data privacy.