Tag "mobile banking"
Mobile Banking Malware on the Rise Amid Rapid Adoption
Mobile banking is a rapidly growing market that’s projected to hit a value of US$7 billion by 2032. However, this surge is being accompanied by a dramatic growth in mobile banking malware, as threat actors increasingly turn their focus on
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Indonesia’s Incumbent BRI Pushes BRImo Mobile App as Part of Its Digital Banking Drive
Bank Rakyat Indonesia (BRI), one of Indonesia’s oldest and largest financial institutions, has embarked on a major digital transformation plan by embracing data, innovative technology and industry partnerships to address changing customer expectations. BRI’s big digital push takes the form
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Southeast Asia is Among The Highest Adopters of Mobile Banking
Over the past decade, Southeast Asia has undergone a significant technological transformation, a shift that’s been enabled by the region’s highly adaptable digital consumers. Consumers have leapfrogged to mobile devices, skipping personal computers altogether. Southeast Asia’s mobile-first digital ecosystem can
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Singapore Among the Fastest Adopter of Digital Banking
In Singapore, consumer preferences are rapidly evolving, with banking customers increasingly preferring online interaction over in-person interaction. A new consumer survey by digital business transformation company Publicis Sapient found that Singaporeans are prolific users of mobile banking, with one in
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Mobile Wallet GCash Leads in Filipino Market
With more than 5 million downloads from Google Play, GCash is not only one of the Philippines most popular mobile banking apps, it is also one of the cheapest banking services providers, requiring no minimum maintaining balance compared to other
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Revolut to Launch in Singapore
Revolut, a London-headquartered neo-bank, is about to launch in Singapore as the company started letting users join the waiting list to get early access. Revolut, which currently serves some 800,000 customers across Europe, announced plans to expand to the US,
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Leading ATM Maker Bets On Mobile and Cardless Trend
US-based automatic teller machine (ATM) manufacturer Diebold Nixdorf, Inc. is gradually evolving into a maker of omnichannel-connected banking and has created a new service leveraging the Internet-of-Thing (IoT). The new offering promises to help financial institutions and retailers keep up
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Maybank’s Mobile Banking Sees 91% Increase in Transaction
Maybank Berhad, Malaysia’s largest bank by assets has seen a 91% spike in transactions for its mobile banking during the first three quarters of 2017. The bank said in a statement that this trend illustrates the trend that consumers are
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Mobile Banking Surges in Asia
Mobile is already the largest banking channel by volume of transactions and its adoption by new customers is entering an exceptionally rapid phase. A survey (pdf) by McKinsey and Company found that across ASEAN (Singapore, Malaysia, Brunei, Cambodia, Indonesia, Laos,
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Life.SREDA: ‘Second Wave’ Neobanks Are Coming From the UK
Mobile bank users globally are forecast to more than double by 2019, according to a 2015 KPMG report, and the millennial generation, born from the 1980s to the early 2000s, may well be the reason of this emerging trend. Real-time
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