Banking

Banking, which is a heavily regulated industry, is changing partly due to regulations and also due to new players and tech-led experiences they are bringing to the customers. Among these regulations, one such regulation has the potential to change banking forever: Open Banking.

Banks and FIs have a bigger financial incentive than ever before to invest in fortifying one-time passwords and leveling up their biometric game.

Here’s a list of mobile-only banks that are defining the industry today:

A study of 34 major banks across geographies found that 27 out of these 34 banks have implemented AI in their front-office functions in the form of virtual assistants, chatbots, and digital advisors.

As online identity theft increases in number, enterprises are now faced with varying types of identity theft to deal with.

Various banks have shown interest and started experimenting with blockchain.

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.