fintech and m-banking newsletter - october 2016 by mobter

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We create the mobile future

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Page 1: Fintech and m-banking newsletter - October 2016 by Mobter

We create the mobile future

Page 2: Fintech and m-banking newsletter - October 2016 by Mobter

mobile banking & fintechINNOVATIVE Solutions

Page 3: Fintech and m-banking newsletter - October 2016 by Mobter

„First National Bank of Pennsylvania, the largest

subsidiary of FNB Corp., has upgraded to the latest

version of Fiserv Mobiliti Advantage mobile banking

and payments platform from Fiserv Inc., adding a new

module that enables mobile card control capability.

The bank is the first Mobiliti client to integrate the

card control module into its mobile app, a Fiserv

press release said.

The new feature allows users to control access to

their debit card in real time and receive alerts related

to card use via their mobile banking app.”

Read more:

FNB os Pennsylvania Adds Card Control Module for Mobile Banking App

Picture:https://www.fnb-online.com

http://www.banknews.com/blog/fnb-of-pennsylvania-adds-card-control-module-for-mobile-banking-app/

Page 4: Fintech and m-banking newsletter - October 2016 by Mobter

„OCBC has become the first bank in Asia Pacific to let

customers send cash through Siri. They tell Apple’s

virtual assistant whom to send the payment to and how

much, then use the OCBC Pay Anyone mobile e-

payment service. The FI has also made this service

available via iMessage.”

Read more:

OCBC Bank adds Siri and iMessage to payment mix

Picture:https://www.ocbc.com/personal-banking/online-banking/payanyone.html

https://ibsintelligence.com/ibs-journal/ibs-news/ocbc-bank-adds-siri-and-imessage-into-payments-mix/

Page 5: Fintech and m-banking newsletter - October 2016 by Mobter

„Introducing Chip . The new Level39 member company,

which provides a savings app designed to encourage

and empower millennials to save their money.

They made their official launch today. It’s a bit like if

your online bank account met Facebook Messenger – a

painless – and fun way of managing your finances and

saving a few pounds every day.”

Read more:

Chip launches automatic savings app for millennials

Picture:https://itunes.apple.com/lv/app/chip-saving-made-easy./id1141297472?mt=8

http://www.level39.co/news/chip-launches-automatic-savings-app-gen-y

Page 6: Fintech and m-banking newsletter - October 2016 by Mobter

„Bank of Scotland customers can now enjoy faster

account opening times.

As part of the investment in digital technology to

improve the customer experience, Lloyds Banking

Group has just launched selfie technology to

enable Bank of Scotland customers to open a

current account seamlessly online.”

Read more:

New selfie technology launched by Lloyds Banking Group

Picture:http://www.thecerbatgem.com/2016/10/27/lloyds-banking-group-plcs-lloy-buy-rating-reiterated-at-beaufort-securities.html

http://www.lloydsbankinggroup.com/Media/Press-Releases/2016-press-releases/lloyds-banking-group/new-selfie-technology/

Page 7: Fintech and m-banking newsletter - October 2016 by Mobter

„SHB and Vayana have been working together last few

years to digitize Retail Banking Channels. Saudi Hollandi

Bank (SHB), founded in 1926 the first bank in KSA, has

deployed Wearable Banking Solution developed by

Vayana for Apple Watch, to further enhance the

customer experience for its retail banking customers.

This will see the bank introduce more innovative ways

to engage with its retail customers in KSA.”

Read more:

SHB has implemented the Wearable Banking Solution

Picture:http://vayana.in/solutionnet/news/oct2016.php

http://www.indiainfoline.com/article/news-international/shb-has-re-imagined-banking-on-the-move-with-wearable-banking-solution-developed-by-vayana-116100500398_1.html

Page 8: Fintech and m-banking newsletter - October 2016 by Mobter

„Orange added a feature to its mobile wallet that

enables French teenagers to make purchases on

their phones, but with parents keeping control

over the budget.

The offer, called Orange Cash Jeune, is aimed at

teens up to 18 years of age.”

Read more:

Orange targets teen market

Picture:http://www.mobileworldlive.com/money/news-money/orange-targets-teen-market/

http://www.mobileworldlive.com/money/news-money/orange-targets-teen-market/

Page 9: Fintech and m-banking newsletter - October 2016 by Mobter

„New opt-in technology helps reduce card

declines, adds more security for Visa

cardmembers. When you’re on vacation, the

last thing you want to worry about is having

your credit card declined because your

purchases are not in-sync with your normal

buying patterns”

Read more:

US Bank Adds Geolocation Feature to select Credit Card Products

Picture:http://travelwithgrant.boardingarea.com/2016/10/05/us-bank-flexperks-go-mobile-app-review-geolocation-travel-alerts-virtual-wallet-features/

http://www.businesswire.com/news/home/20161004005609/en/U.S.-Bank-Adds-Geolocation-Feature-Select-Credit

Page 10: Fintech and m-banking newsletter - October 2016 by Mobter

„ING is re-entering the UK retail banking

market with a free mobile app to help people

keep track of their finances across multiple

banks.

The Dutch bank quit the UK high street four

years ago, but is now re-surfacing under a

new guise through Yolt, which will mine

customer account data across different bank

accounts and provide tips on budgeting and

savings.”

Read more:

ING takes fintech startup route to UK relaunch

Picture:https://www.ing.com/Newsroom/All-news/We-are-Yolt-by-ING.htm

https://www.finextra.com/newsarticle/29615/ing-takes-fintech-startup-route-to-uk-relaunch/mobile

Page 11: Fintech and m-banking newsletter - October 2016 by Mobter

„So much of the focus in bank technology is on

making life easier for everyday customers, but

a handful of banks and fintechs are trying to

simplify banking for everyone.

Recently some banks have introduced

products or mobile features intended to help

customers who are otherwise being passed

over by technology because of disabilities,

language barriers or other factors.”

Read more:

How Tech Can Make Banking More Inclusive

http://www.americanbanker.com/news/bank-technology/how-tech-can-make-banking-more-inclusive-1092081-1.html

Page 12: Fintech and m-banking newsletter - October 2016 by Mobter

„Bank of America has announced the launch of

its chatbot, Erica, at Money 20/20 on Monday in

Las Vegas, Reuters and CNBC report.

The project was first announced in April and will

be available to customers in late 2017.

Erica will operate via both audio and text, and

will be hosted on Bank of America's own mobile

app. It will analyze customers' personal financial

data to generate recommendations for how to

best handle their finances.”

Read more:

Bank of America has announced launch of its AI chatbotErica

http://www.businessinsider.com/bank-of-america-has-launched-its-ai-chatbot-erica-2016-10?IR=T

Picture:http://www.businessinsider.com/bank-of-america-has-launched-its-ai-chatbot-erica-2016-10?IR=T

Page 13: Fintech and m-banking newsletter - October 2016 by Mobter

mobile payment solutions

Page 14: Fintech and m-banking newsletter - October 2016 by Mobter

„Visa, Inc., has announced a preview of Visa B2B Connect, a

new platform that Visa is developing to give financial

institutions a simple, fast and secure way to process

business-to-business payments globally.

Visa is working with Chain to build Visa B2B Connect using

Chain Core, an enterprise blockchain infrastructure that

facilitates financial transactions on scalable, private

blockchain networks. Building on this technology, Visa is

developing a new near real-time transaction system

designed for the exchange of high-value international

payments between participating banks on behalf of their

corporate clients. Managed by Visa end-to-end, Visa B2B

Connect will facilitate a consistent process to manage

settlement through Visa’s standard practices.”

Read more:

Visa Introduces International B2B Payment Solution Built on Chain’s Blockchain Technology

http://www.banknews.com/blog/visa-introduces-international-b2b-payment-solution-built-on-chains-blockchain-technology/

Picture:http://mms.businesswire.com/media/20161021005212/en/551015/5/VB2BC_graphic-01_highres.jpg?download=1

Page 15: Fintech and m-banking newsletter - October 2016 by Mobter

„PayPal is deepening its relationship with Facebook, and

will now become one of the payment options within

Messenger, among other integrations. That means

customers who shop via the growing number of

chatbots from online merchants will be able to transact

on Messenger using PayPal’s payment service. In

addition, as part of this deal, PayPal says it will make it

easier to link your PayPal account to Facebook and

Messenger, and it will roll out support for receiving

notifications about PayPal transactions to Messenger

users in the U.S.”

Read more:

Facebook Messenger now supports PayPal payments in bots, will track your PayPal receipts

https://techcrunch.com/2016/10/24/facebook-messenger-now-supports-paypal-payments-in-bots-will-track-your-paypal-receipts/

Picture:

Page 16: Fintech and m-banking newsletter - October 2016 by Mobter

„MasterCard is launching its Identity Check Mobile

technology in 12 European countries, enabling online

shoppers to authenticate themselves through facial

recognition and fingerprints.

The new technology means that cardholders can ditch

passwords in favour of biometrics. When checking out

at a retailer's site or mobile app, shoppers receive a

pop-up on their handset, through which they can

authorise the payment via finger scan or selfie

recognition.”

Read more:

MasterCard rolls out selfie payments

https://www.finextra.com/newsarticle/29536/mastercard-rolls-out-selfie-payments-across-europe/mobile

Picture:http://www.oot.it/uploads/news/6a5a54d8369896a9c341f9a71146c9334388b5d6.jpg

Page 17: Fintech and m-banking newsletter - October 2016 by Mobter

„US Facebook Messenger users will soon be able to

make payments to bots within the app through their

PayPal accounts.

Over the last few months, Facebook has moved to

develop Messenger beyond messaging, opening up to

tens of thousands of bots and enabling them to sell

products and services directly to customers within the

app.”

Read more:

Facebook Messenger adds PayPal support for bot payments

https://www.finextra.com/newsarticle/29653/facebook-messenger-adds-paypal-support-for-bot-payments/mobile

Picture:http://www.pulsenight.com/wp-content/uploads/2016/10/3-1.jpeg

Page 18: Fintech and m-banking newsletter - October 2016 by Mobter

„27 Spanish banks have teamed up to launch a

new mobile payment platform called Bizum

which, according to Spanish press reports, is

now live.

Bizum, an digital initiative of the Spanish banks

led by the Bank of Spain and the

Government aims to address the new needs of

customers and has the support of the banking

associations AEB ECSC and UNACC.”

Read more:

Spanish bank launch mobile payments initiative Bizum

http://www.paymentscardsandmobile.com/spanish-banks-launch-mobile-payments-initiative-bizum/

Picture:http://bizum.es

Page 19: Fintech and m-banking newsletter - October 2016 by Mobter

„A consortium of US banks, including Wells

Fargo, JPMorgan Chase and Bank of America, are

rolling out a new P2P money transfer app to take

on Venmo and other mobile payment upstarts.

The app, named Zelle, will offer the same kind of

instant, P2P money transfers users of Venmo have

been making for years – and that banks have been

eager to offer as they try to stay relevant to

younger customers.”

Read more:

US banks roll out Zelle P2P money tranfer app to take on Venmo

http://www.paymentscardsandmobile.com/us-banks-roll-zelle-p2p-transfer-app-take-venmo/

Picture:http://www.paymentscardsandmobile.com/us-banks-roll-zelle-p2p-transfer-app-take-venmo/#prettyPhoto/1/

Page 20: Fintech and m-banking newsletter - October 2016 by Mobter

„YES BANK partners with Lastmile.mobi, uses Qualcomm

Snapdragon processors to launch IRIS and EMV ready

payment solution. YES BANK, India’s 5th largest private sector

Bank has partnered with Lastmile.mobi to introduce the IRIS

EMV PoS (Point-of-Sale terminal) solution which integrates

Card & UPI payments, Aadhaar E-KYC and Aadhaar E-signing

on a ready to use basis.

This is one of the first solutions in India to implement the India

Stack in its true sense in line with the Digital India initiatives of

the Government of India. The launch comes close on the heels

of RBI Circular issued on September 29, 2016 advising Banks

on using Aadhaar-based Biometric authentication for Card

Present transactions.”

Read more:

Yes Bank has launched IRIS&EMV ready pament solution

https://www.yesbank.in/media/press-releases/fy-2016-17/yes-bank-partners-lastmile-and-qualcommPicture:https://www.yesbank.in/media/press-releases/fy-2016-17/yes-bank-partners-lastmile-and-qualcomm

Page 21: Fintech and m-banking newsletter - October 2016 by Mobter

„Sberbank joint venture company Yandex.Money is

to offer mobile money transfers and support group

chats for crowdfunding via Apple's iMessage. In

order to send money to someone, a user opens

iMessage, chooses a person from their contacts,

selects the Yandex.Money app, and specifies the

amount to be transferred. The sender receives a

message to confirm receipt and enters their

password to complete the transfer.”

Read more:

Yandex.Money joins mobile messaging revolution

https://www.finextra.com/newsarticle/29551/yandexmoney-joins-mobile-messaging-revolution/mobile

Picture:https://www.finextra.com/newsarticle/29551/yandexmoney-joins-mobile-messaging-revolution/mobile

Page 22: Fintech and m-banking newsletter - October 2016 by Mobter

„Mastercard to launch artificial intelligence bots for

banks and merchants. Mastercard has unveiled

plans to launch artificial intelligence (AI) bots for its

merchant and bank partners, allowing consumers

to use chat, messaging and natural language

interfaces to shop and manage their finances.”

Read more:

Mastercard to launch artificial interlligence bots for banks and merchants

http://www.nfcworld.com/2016/10/25/348016/mastercard-launch-artificial-intelligence-bots-banks-merchants/

Picture:http://www.nfcworld.com/2016/10/25/348016/mastercard-launch-artificial-intelligence-bots-banks-merchants/

Page 23: Fintech and m-banking newsletter - October 2016 by Mobter

„Starling Bank, the UK’s leading next-

generation bank, has completed its first

card payment having partnered with

global payments and technology company,

Mastercard, and card processor, GPS.

This new partnership enables Starling’s

contactless debit card to accompany its

mobile-online current account.”

Read more:

Starling Bank partners with Mastercard and GPS to launch next-generation of debit card

https://thefintechtimes.com/starling-bank-partners-mastercard-gps-launch-next-generation-debit-card/

Picture:https://www.starlingbank.com/starling-debit-card/

Page 24: Fintech and m-banking newsletter - October 2016 by Mobter

„Visa and Intel are to work together to integrate

payments security technology into Intel chipsets,

enabling device manufacturers to build functionality

into their products to create “a more secure payment

process for the internet of things (IoT)”. Intel is

licensing Visa’s encryption technology so data security

can be built in at the hardware-layer of chipsets,

ensuring payment data originating from devices such

as computers, mobiles and IoT devices will be

encrypted.”

Read more:

Intel to put Visa payments technology into connected devices

http://www.nfcworld.com/2016/10/24/347964/intel-put-visa-payments-technology-connected-devices/

Picture:http://www.nfcworld.com/2016/10/24/347964/intel-put-visa-payments-technology-connected-devices/

Page 25: Fintech and m-banking newsletter - October 2016 by Mobter

„Citigroup plans to soon launch its own NFC-based

mobile payments service, Citi Pay, in the U.S. And Asia,

in part using technology from Mastercard. The service

will use host card emulation to enable customers in the

U.S. And at least two Asian countries to load Citi cards

onth their Android phones ant tap and pay for in-store

purchase, sources told NFC Times. It will build on the

HCE-enabled Banamex wallet launched by Citi’s

Banamex subsidiary in Mexico with Mastercard in

February.”

Read more:

Citigroup to Launch “Citi Pay” Mobile Payments Service with Help from Mastercard

http://nfctimes.com/news/citigroup-launch-citi-pay-mobile-payments-service-help-mastercard

Picture:

Page 26: Fintech and m-banking newsletter - October 2016 by Mobter

TRENDS, PLANS & Future

Page 27: Fintech and m-banking newsletter - October 2016 by Mobter

„New research from leading Fintech

analyst, Juniper Research, finds that over 2

billion mobile users will have used their

devices for banking purposes by the end of

2021, compared to 1.2 billion this year

globally. Growth in mobile banking is being

driven by consumer adoption of banking

apps the changing way consumers manage

their finances.”

Read more:

Mobile Banking Users to Reach 2 Billion by 2020

http://www.banknews.com/blog/mobile-banking-users-to-reach-2-billion-by-2020/

Picture:http://www.barclays.co.uk/Mobilebankingservices/P1242569951654

Page 28: Fintech and m-banking newsletter - October 2016 by Mobter

„By 2030, technology will have made banks

and banking invisible to customers, hidden by

Siri-like personal assistants that cull data from

our connected lives to fulfil daily personal and

financial obligations, claims KPMG.

This revolution will see large parts of

traditional banks - customer service call

centres, branches and sales teams -

disappear, predicts the professional services

giant in a report.”

Read more:

The bank of the future will be invisible - KPMG

https://www.finextra.com/newsarticle/29608/the-bank-of-the-future-will-be-invisible---kpmg/mobile

Picture:https://home.kpmg.com/uk/en/home/media/press-releases/2016/10/kpmg-introduces-eva-the-bank-of-the-future.html

Page 29: Fintech and m-banking newsletter - October 2016 by Mobter

„Julia Krauwer, artificial intelligence expert at ABN Amro,

discusses how advances in machine learning are

increasingly being applied to an array of business-to-

consumer interactions, including banking.

Like many people who were young in 1997, I had a

Tamagotchi and it meant the world to me. Whenever it

was hungry, I hurried to feed my digital pet. If it beeped

about being lonely, I'd go give it attention. My parents

thought it was a little silly to be that devoted to a toy,

but in this day and age it's almost impossible to imagine

life without interaction between man and machine. It’s a

trend that’s here to stay.”

Read more:

Banking in the age of AI

https://www.finextra.com/newsarticle/29567/banking-in-the-age-of-ai/mobilePicture:https://www.finextra.com/newsarticle/29567/banking-in-the-age-of-ai/mobile

Page 30: Fintech and m-banking newsletter - October 2016 by Mobter

„Millennials continue to be the focus of a lot of scrutiny

when it comes to the intersection of culture and

technology. Millennials are the largest living generation,

having outnumbered the Baby Boomers for more than

a year. Most Millennials remember life before the

internet, and have were the earliest adopters of many

trailblazing technologies that went on to ubiquity. It is

for this reason that we look to the Millennials when

determining the success of new technologies. If the

Millennials don’t like it, it’s not a hit.”

Read more:

Millennials and Mobile Banking – The Changing Times

http://www.huffingtonpost.com/allan-smith/millennials-and-mobile-ba_b_12449510.html

Picture:https://www.apptentive.com/blog/2015/05/18/marketing-to-millennials/

Page 31: Fintech and m-banking newsletter - October 2016 by Mobter

„This time we have a genuine Uber moment in

fintech. Standard Chartered and Uber are

partnering to offer the bank’s credit

cardholders cashbacks on Uber rides.

This is the “first ever multi-market partnership”

for both of them. The deal is for six markets –

Singapore, Indonesia, Malaysia, Vietnam, India

and the United Arab Emirates – and offers up

to 25% cashback for all global Uber rides.”

Read more:

Standard Chartered customers taken for an Uber ride

http://www.bankingtech.com/601361/standard-chartered-customers-taken-for-an-uber-ride/

Picture:http://www.bankingtech.com/601361/standard-chartered-customers-taken-for-an-uber-ride/

Page 32: Fintech and m-banking newsletter - October 2016 by Mobter

Mobter Jerozolimskie 184 Str.

Warsaw, 02-486 POLAND

Bartlomiej LewandowskiManaging Director

e-mail: [email protected].: +48 509 898 042

skype: lewandowski.bartlomiej

e-mail: [email protected].: +48 22 100 67 20

www.mobter.com