With banks digging deep in their pockets for additional smart phone banking funds, here are five takeaways on consumer mobile banking demands.
According to a recent study there was a increase of more than 500,000 fraud victims to 13.1 million people in 2013, the second highest number since the study began. Analytics that separate the real person from the fraudster using someone else’s name help provide maximum protection against identity theft. Our sources of credit, collections, and other private [Read More…]
Rising interest rates, compressed wages, and increased regulatory costs make it difficult for financial institutions to grow organically. Mergers and acquisitions (M&A) are a strategic lever for growth – M&A increases economies of scale to offset rising costs, enhances product and IT capabilities, and diversifies and expands a financial institution’s geographic and customer footprint. In fact, [Read More…]
Prior to the burst of social media sharing, little known facts about our lives were widely used for authentication before we were permitted access to sensitive information. For example, if someone called a retail bank to check a balance or question a DDA fee, she would provide identifying information for herself and her account, and [Read More…]