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„HSBC, a large banking and financial services

organisation, has revealed plans to enable customers to

open new accounts with a selfie.

The bank seeks to simplify its application process and

invites prospective customers to provide a self-portrait

shot on their phone. By using a facial recognition

software, the bank verifies the customers before

allowing them to make deposits and withdrawals. The

bank already uses fingerprint and voice recognition

technology for millions of customers.

A passport or driving license photo will also be required

as an additional security measure.”

Using selfies to open new bank accounts

Link to the article

Picture:http://www.independent.co.uk/life-style/gadgets-and-tech/hsbc-customers-open-bank-accounts-selfies-biometrics-security-a7225916.html

„A Forrester report in August warned banks off bots.

Today’s bots are not ready for regulated industries that

demand a certain level of user experience, said the

report’s lead author Pete Wannemacher. He illustrated

his point with many examples of #botfail — weather

bots spouting incoherent nonsense when asked the

temperature, shopping bots that didn’t understand

simple queries about sale items, and on and on. But the

warning came too late — banks embraced bots, and a

whole host of bots were wheeled out at Finovate.

Perhaps most significantly, Kore (from the guys that

brought you Kony) introduced its Smart Bot platform for

banks to build their own bots. (In response to Kore’s

demo a few fintech watchers at the show tweeted

various versions of, “Uh oh.”).”

American Express Adds Its Bot to the Party

Link to the article Picture:http://bankinnovation.net/2016/09/american-express-adds-its-bot-to-the-party/

„Bank of Ireland has become the first bank here to use

social media platform Snapchat to connect with

younger customers.

The bank has launched its 2016 FeelFree student

reward programme with Snapchat star James Kavanagh

and model Thalia Heffernan. Over the coming weeks,

student ambassadors and so-called influencers will

share hacks and top tips to help students save money.

The FeelFree programme offers students who sign up

for a new third=level account up to €100 worth of

rewards, including cinema tickets, pizza vouchers, surf

lessons and beauty treatments.”

Using Snapchat to connect with younger customers

Link to the article

Picture:http://www.irishtimes.com/business/personal-finance/bank-of-ireland-uses-snapchat-to-connect-with-younger-customers-1.2779047

„Card Issuers across the world are launching their own

branded HCE (host card emulation) enabled digital

cards on mobile devices. Rapid mobile payments

growth is expected as more cash transactions convert

to digital driven by the “millennial” generation. However,

the current challenges with any HCE implementation

are achieving strong customer authentication,

auditability, end-to-end trust and security, and reducing

implementation costs. To overcome these challenges,

HCE Service say they are launching the world’s first PKI

(Public Key Infrastructure) secured HCE card digitalising

managed service – “SWIM” (Software Wireless Identity

Module) HCE platform.”

HCE Service launches ‘SWIM’ for PKI secured HCE mobile payments

Link to the articlePicture:https://contactlessintelligence.com/2016/09/28/hce-service-launches-swim-for-pki-secured-hce-mobile-payments/

„Banking software solution provider 01 Systems

announced today that the Commercial Bank of Qatar

(CBQ) has deployed its finger vein biometrics solution

that enables customers to access their account at

Commercial Bank branches and ATMs with finger vein

scanners without need for a bank card or PIN number.

This technology incorporates finger vein devices from

biometrics hardware manufacturer mofiria Corporation

and is integrated with ATMs from NCR Corporation.”

Commercial Bank of Qatar introduces finger vein biometrics for ATM authentication

Link to the article Picture:http://dohanews.co/commercial-bank-qatar-add-biometric-scans-atms/

„Leveraging the Unified Payments Interface (UPI)

platform, Fintech startup Simpal Mobile Payments and

Information Services is developing a payment device

that uses iris recognition, according to a report by The

Economic Times.

Simpal, founded by former merchant banker Vineet

Toshniwal, is leveraging both UPI — launched last week

by the National Payments Corporation of India — and

Unique Identification Authority of India (Aadhaar).

The startup has developed OctoPOS, an Android device

that combines the capabilities of a smartphone and a

payment device, designed for both consumers and

merchants.”

Fintech startup Simpal developing payments device with iris recognition

Link to the articlePicture:https://www.dasec.h-da.de/teaching/dasec-scientific-talk/2015-12-03-on-biometrics/

„SmartMetric has added an extended battery life feature

along with a user fingerprint match indicator to its line of

fingerprint biometric activated credit cards and security

cards.“ Following the official launch of the company’s

biometric credit card at the SmartCard Alliance Payments

Forum in April, 2016 and presentations to various credit

card issuing banks around the world, we received feedback

from the banks that led us to engineering these

advancements into our biometric activated card,” said

SmartMetric’s President & CEO, Chaya Hendrick. “Since our

biometric credit card is destined for issuance by banks it

was important for us to take on board their feedback

regarding our product. We are very glad that we have been

able to engineer into our card solutions to the issues raised

which has made our biometric card even better.”

SmartMetric adds fingerprint match indicator to its biometric credit card, extends battery life

Link to the article Picture:http://www.biometricupdate.com/201609/smartmetric-adds-fingerprint-match-indicator-to-its-biometric-credit-card-extends-battery-life

„ING Netherlands has announced that has enabled its

customers and those of other Dutch banks to pay each

other via social media sites.

The bank’s customers can create a payment request

using the ING mobile banking app. Afterwards, the app

generates a link that can be shared via the online

channel of their choice, including WhatsApp, Facebook

and Twitter, as well as SMS and email. The person paying

the money opens the link and transfers funds via iDeal.”

ING enables payments via social media channelsin Netherlands

Link to the article

Picture:https://www.ing.nl/particulier/mobiel-en-internetbankieren/mobiel-bankieren/mobile-banking-in-english/activating-in-four-steps/index.html

„MasterCard is opening up to developers through the

launch of a single gateway to a host of Application

Programming Interfaces (APIs) covering payments, data,

security and 'new and experimental' areas such as virtual

reality. Following in the footsteps of Visa, which opened

up a developer platform earlier this year, MasterCard is

vowing to make it easier for partners to connect to and

integrate with its services.

Developers now have access to more than 25 APIs,

including MasterPass and MasterCard Digital Enablement

Services, in a more accessible format.”

Mastercard opens developer gateway

Link to the article

Picture:https://www.finextra.com/newsarticle/29516/mastercard-opens-developer-gateway

TRENDS, PLANS & Cooperations

„Starting with 2017, InvestCloud will enable JP Morgan

to customize website dashboards and mobile apps

for clients ranging from individuals with investments

of USD 1,000 to managers of family investment offices

with USD 1 billion or more. The bank plans to refine

its platform and its tools to become more customer

friendly for people who make their own trading

decisions, people who only check managed accounts,

and people who manage part and hire out the rest.”

JPMorgan partners InvestCloud to bring in innovation

Link to the article

Picture:http://www.thepaypers.com/online-mobile-banking/jpmorgan-partners-investcloud-to-bring-in-innovation/766215-12

„The more than 700,000 users of small business

accounting software Xero will soon have a Facebook

Messenger bot to access their business data and help

them hire financial professionals. Plans for Slack and

Apple iOS bots were also announced today. The bot

codenamed Hey Xero will make its debut later this year,

the company said in a statement.

“Using Hey Xero, businesses will be able access the Xero

Advisor Directory and be recommended a suitable

accountant or bookkeeper in their area. Xero

subscribers will also be able to discover new apps in the

Xero ecosystem and query their latest financial data,

such as who owes them money or when their next bill is

due,” the company said.”

Xero to launch accounting bot for Facebook Messenger, iMessage, and Slack

Link to the article Picture:http://venturebeat.com/2016/09/08/xero-to-launch-accounting-bot-for-facebook-messenger-imessage-and-slack/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+venturebeat/SZYF+(VentureBeat)

„Lenovo is partnering with Intel, PayPal and

Synaptics to combine its laptops with Intel’s on-chip

hardware security, allowing users to log into FIDO-

compliant services via Synaptic’s biometric

fingerprint sensors instead of entering a password,

according to a report by IT Pro.

Fast ID Online is FIDO’s set of technology-agnostic

security specifications to ensure stronger

authentication. The security authentication feature

in the new Lenovo devices leverages the built-in

security features of 7th Gen Intel Core processors,

the encryption and biometric features of Synaptics’

fingerprint sensor, and the payment processing and

unique authentication ecosystem of PayPal.”

Lenovo to offer fingerprint authenticated paymentson laptops

Link to the article Picture:http://www.biometricupdate.com/201609/lenovo-to-offer-fingerprint-authenticated-payments-on-laptops

„Disruption, innovation, Uberisation, disintermediation,

Fintechisation, regulation… all of these words are

nowadays perceived as challenges for the retail banks

and their business. Media and experts are fond of

predicting that all services still part of the current core

business of banks will be provided by new players from

outside the banking sector. This transformation will be

based on disruptive technologies, with the help of

regulators who have – at last! – ended the banking

status quo and fostered competition for the benefits of

consumers – writes Fabrice Denèle, Head of payments,

BPCE Group – in this article which first appeared in the

EPC Newsletter.” The author shares some thoughts on

what banks should consider to open themselves up to

this challenge.

What are the options for retail banks to prepare for their future?

Link to the article Picture:http://www.paymentscardsandmobile.com/what-are-the-options-for-retail-banks-to-prepare-for-their-future/

„First Annapolis recently completed the third edition

of its semi-annual Study of Mobile Banking &

Payments tracking consumer adoption and use of

mobile banking and payments products.

Given the energy surrounding all things mobile, it’s

not surprising that consumer adoption levels are

rising, but there is still a long way to go before

consumers leave home without their wallets—and

much that banks can do to help pave the way –

writes Melissa Fox, Senior Manager, Emma Causey,

Senior Consultant, and David Cencula, Senior

Analyst, each in Payments Strategy and Innovation,

First Annapolis.”

Mobile payments study – opportunities for bank

Link to the articlePicture:http://www.firstannapolis.com/wp-content/uploads/2016/08/First-Annapolis-Study-of-Mobile-Banking-Payments-3rd-Ed_Aug-2016.pdf

„Led by former Deutsche and Barclays, Swift,

Barclaycard and Gain Capital Payments seniors,

Form3 Financial Cloud is promising full payments

and banking functionality through a single API

platform on a pay-as-you-go basis.

The new vendor says the industry has so far been

slow to adapt to changing customer demands and

growing cost pressures, increasing competition, the

burden of regulation (such as PSD2 and the EU Data

Protection Directive) and the need for improved

system and data security. Part of the problem is

outdated legacy back office systems, and complex

operational and manual processes, which are no

longer fit for purpose.”

New start-up targets SaaS opportunities in payments

Link to the articlePicture:https://www.finextra.com/newsarticle/29497/new-start-up-targets-saas-opportunities-in-payments

„Financial institutions must often consider mobile

features that don't integrate smoothly with their

existing app, leading to the difficult decision of

offering different branded apps for different use

cases.

One of the earliest examples was mobile check

deposit, which some financial institutions saw as

enough of a differentiator that they were willing to

push out a second app just for this service. In the

case of San Antonio Federal Credit Union, the must-

have service is mobile card controls, and the credit

union is drawing inspiration from Facebook in how it

brings the service to market.”

Facebook's Mobile Strategy Inspires a Credit Union's Security Plan

Link to the articlePicture:https://www.edwardjones.com/client-resources/convenient-account-features/mobile-check-deposit.html

„Mobile wallet fraud will be the next big thing after

CNP [card-not-present fraud]," Pascual says during

this interview conducted at ISMG's recent Fraud and

Breach Prevention Summit in Toronto. "You saw in

some other markets outside the U.S. that when EMV

was introduced, gradually criminals migrated to

card-not-present fraud. Today, we have mobile

wallets, which kind of changes the game a little bit."

Mobile Wallets: The Next Fraud Target?

Link to the article

Picture:http://blog.unibulmerchantservices.com/emv-nfc-mobile-wallets-and-credit-card-fraud-liability/

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