Hackers take aim at mobile bankers, according to Nokia
Trojans designed to harvest mobile banking credentials are growing in popularity, warned Nokia this week.
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Facebook financial foray flops face first
Facebook has killed a feature which allowed users to pay connections through its Messenger app due to a lack of uptake.
Orange indicates strategy of monopolizing household services
At its recent annual technology showcase Orange offered some interesting hints towards a long-term strategy to create a single household bill for customer.
Orange Bank finally unveiled but initially only for France
It’s been a secret which was never really a secret, but Orange has finally taken the plunge, meandering into the world of mobile finance.
Bharti takes the initiative on Digital India with Airtel Payments Bank
The major new initiative to bring mobile banking to the whole of India is backed by around $440 million of investment and government endorsement.
Struggling with profits, just open a bank says Orange
Orange has taken an alternative route to combating the profitability challenge endemic to the telecoms industry – it started a bank.
HSBC introduces facial tracking authentication for the selfie generation
UK bank HSBC is allowing new business banking customers to open an account entirely through its smartphone app, allowing it so make constant references to selfies.
CMA orders UK banks to open up for mobile
The Competition and Markets Authority (CMA) has released the final report from its retail banking market investigation enforcing widespread technological upgrades in some of the industry’s more traditional institutions.
Mobile banking uptake rising sharply – British Bankers Association
British Bankers Association (BBA) says digital banking is in a “consumer-led revolution”. Its latest report – Way We Bank Now – shows a drastic increase in consumers using digital channels to manage their money – reports Banking Technology.
Telefónica Germany to launch O2’s first mobile bank account
Telefónica Germany, in association with Fidor Bank, will be launching its mobile banking offering, “O2 Banking”, in Germany in late summer 2016 – writes Banking Technology.
Orange buys Groupama for 2017 mobile bank launch
Orange has made a significant stride in mobile banking by acquiring a majority stake in financial services firm Groupama.
Mexico’s BBVA Bancomer in first deployment of new Gemalto verification system
Security specialist Gemalto claims it has cleared a major blockage for mobile banking, as Mexican bank BBVA Bancomer enrolled 100, 000 subscribers thanks to the security firm’s new verification system.
UK mobile banking use forecast to double
The number of UK mobile banking users is set to almost double from 17.8 million to 32.6 million by 2020, according to a new report commissioned by Fiserv, writes Banking Technology. Online banking is still growing too, the research found.
Mobile banking to overtake online within five years
Analyst firm Juniper Research reckons more people will be using mobile apps for banking than web-based options by 2019, as the 800 million people who used their phones for banking more than doubles to 1.75 billion in five years.
Consumers don’t trust mobile payments study finds
Fewer than one in four of UK consumers would use their smartphone like a credit card to make payments even if they had the relevant app, according to a new survey carried out by YouGov on behalf of outsourcing firm Firstsource Solutions.
Ericsson may apply for European financial services licence
Swedish vendor Ericsson, which recently announced its entry into the mobile financial services space with an enabling technology play, has not ruled out the possibility that it may apply for a licence to operate financial services itself. Currently Ericsson is working with an unnamed player in the financial space, and it is that player’s licence that enables the Ericsson white label offering. But Semir Majoub, president of Ericsson Mobile Money Services, told Telecoms.com that the company may yet look to apply for a licence of its own.
MTN Cameroon launches mobile money service
Cameroon mobile operator MTN has launched a mobile money service in partnership with local bank Afriland First Bank. The service enables users to make P2P money transfers and buy airtime. MTN plans to extend the service to pay bills and for goods and services in the future. According to Afriland the banking penetration rate in Cameroon is less than 10 per cent.
Mobile banking to generate 90 billion SMS by 2015
Mobile banking services worldwide will be generating 90 billion text messages per annum by 2015, up from 30 billion this year, according to figures released by Juniper Research on Tuesday. The figure equates to one message every two days for each user of mobile banking services, Juniper said.
The mobile commerce revolution
There are several fundamental financial transaction issues faced by 100’s of millions of adults in Africa on a daily basis, ranging from the ordering and payment of goods and services, to the challenges of traditional banking, bill/tax payments, salary withdrawals and international remittances.
Nokia breaks into banking
The world’s leading mobile handset manufacturer, Finland’s Nokia, announced a move into financial services on Wednesday. The new direction for Nokia will see it working with mobile payment specialist Obopay, in which Nokia invested $70m in March this year.
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