International Business Machines Corp. : Leading Pakistan Mobile Banking Provider Uses IBM Cloud to Expand Delivery of Secure Financial Services on Mobile Phones
"IBM (NYSE: IBM) today announced that Monet, one of Pakistan's leading mobile-commerce providers, has selected a customized IBM cloud-based solution that will enable the company to enhance service efficiency and expand its presence across the country.
Launched in 2012, Monet provides banks, mobile network operators and branchless banking agents in Pakistan with a technology platform that offers end-users a simple interface through which they can access a wide range of financial services on their mobile phones."
Surviscor Names CIBC as the Top Firm for Mobile Banking Services in Canada
"Canadians are relying more and more on mobile devices to access banking services, and CIBC is leading the charge according to Surviscor Inc. Among the big six banks in Canada, CIBC ranked #1 in Surviscor's inaugural Mobile Banking scorCard(TM), a comprehensive and objective assessment of features and functionality in the fastest growing delivery channel for e-banking. CIBC was closely followed by Scotiabank in second place, with National Bank rounding out the top three."
Fiserv helps Cambodian bank offer mobile banking, payments to unbanked
"Financial services tech provider Fiserv Inc. is helping Cambodia's ACLEDA Bank Plc. to extend its mobile banking and payments service to the unbanked using Fiserv's Mobiliti Reach tool. Fiserv said ACLEDA has offered Fiserv-supported mobile financial services to since 2010 but will now offer those services to consumers with no existing banking relationship of any kind."
Canadians are Slowly but Surely Becoming Comfortable with Mobile Banking, Study Suggests
"Smartphone ownership and mobile banking usage continue to rise in Canada, according to a new poll conducted by Harris/Decima for CIBC, who is Rogers' partner for Suretap, a mobile payments service. At least 44% of Canadians now own a smarthone, the study suggests, up significantly from 33% in 2011. Among those aged 18 to 24, 77% own one."
Call to regulate mobile phone banking
"THE government should come up with legislation to regulate mobile banking activities in the country to prevent service providers from abusing the system, a senior banking official has said. Since the adoption of multiple foreign currencies in 2009, Zimbabwe has witnessed a proliferation of mobile banking systems modelled on the one used in Kenya called M-PESA."
Standard Bank skips along beaten digital path
"Standard Bank says its mobile banking application has achieved 160,000 downloads since its launch four months ago. This activity, the bank says, translates into R1.3 billion transactions through this channel since it launched on 27 June 2012. It also announced that its banking app, which is available on iOS, Android, and BlackBerry, would also be the first SA banking app in the Windows 8 app store."
Survey reveals only 1 in 4 expats using mobile banking services abroad
"A recent survey conducted by ExpatForum.com in conjunction with Barclays International showed that most expats “never use” mobile banking tools, despite holding several bank accounts in different countries.
The study polled 10,000 expats to find out how they manage their finances while working abroad. Of the respondents, 73% said they “never” accessed their bank accounts from a smartphone or tablet device, 17% reported that they “occasionally” used mobile banking platforms, and “10%” “frequently” checked bank accounts while on the go."
Metaforic to Demonstrate Mobile Software Security at FinovateAsia
"Metaforic, the innovative software security company, today announced that it will demonstrate its latest technology at FinovateAsia on November 6. The demonstration will showcase Metaforic’s ability to detect and respond to a range of security threats against mobile financial applications.
Mobile app security is becoming increasingly critical as mobile services and transactions increase. In the latest incident, NatWest Bank had to pull its mobile banking app after fraudsters managed to steal thousands of pounds from customers."
Bank of Africa selects Clear2Pay's mobile internet banking platform
"Bank of Africa, a subsidiary of BMCE Bank, has added Clear2Pay's Mobile Internet Banking (MIB) technology to help its customers with mobile financial services in 13 launching countries.
The bank witnessed a rapid growth in business covering 14 geographies in the African continent, where it manages 1.4 million bank accounts, an increase of 24% since 2011.
The new system, which is capable to integrate with the bank's existing e-Banking application, will also help to trim operational costs, while boosting customer satisfaction."
Showing posts with label Metaforic. Show all posts
Showing posts with label Metaforic. Show all posts
Tuesday, November 6, 2012
Wednesday, October 17, 2012
Mobile Banking Security - Oct 17
Is Mobile Banking Safe?
"It goes without saying that whenever you need to make important banking decisions, you should do so in a deliberate and informed manner, gathering financial information and documents and then analysing them in detail. Unfortunately, not everyone has the liberty of making every decision in this way though, and there are times when taking banking decisions on the move may seem necessary. Whether or not this is wise really depends on the financial decision that is being made - and how well informed you are leading up to the banking choices in question."
Mobile banking security a top priority
"It's fair to say that mobile banking is (slowly) taking off. All banks now realize that their consumer product lineup will be incomplete if they don't offer a robust menu of mobile services. As of now, just 21 percent of mobile phone users have used a banking app in the past year, according to a Fed study. The ramp-up is being held back just a bit by security concerns. A new survey by Metaforic has found that nearly 70 percent of smartphone owners who have not yet plunged into mobile banking are 'holding back due to security fears.'"
Fortinet Sees Surge In Android Adware, Evolution To Zitmo Mobile Banking Trojan
"Fortinet® − a world leader in high-performance network security – today released its threat landscape research. During the period beginning July 1, 2012 and ending September 30, 2012, FortiGuard Labs researchers reported a marked increase in Android adware, new evidence suggesting that Zitmo (Zeus-in-the-Mobile) mobile banking Trojan is evolving into a botnet and the detection of Romanian hackers performing large scale scanning for Web vulnerabilities."
nProtect Launches Security for Mobile Banking and Payments
"nProtect Inc., a global leader in Internet security solutions, introduces the nProtect Mobile Security for safe mobile banking and payments. The nProtect Mobile Security provides financial institutions and their users with a safe mobile environment for banking and payments against mobile threats including fake apps and malwares to protect valuable personal information and assets."
Security concerns over NatWest mobile banking app
"NatWest bank has suspended its Get Cash app which allows customers to withdraw money from a cash machine without a debit card, according to a report by the BBC. Customers request the cash on their mobile and a 6 digit pin is generated which they then enter at the cash money to withdraw funds."
"It goes without saying that whenever you need to make important banking decisions, you should do so in a deliberate and informed manner, gathering financial information and documents and then analysing them in detail. Unfortunately, not everyone has the liberty of making every decision in this way though, and there are times when taking banking decisions on the move may seem necessary. Whether or not this is wise really depends on the financial decision that is being made - and how well informed you are leading up to the banking choices in question."
Mobile banking security a top priority
"It's fair to say that mobile banking is (slowly) taking off. All banks now realize that their consumer product lineup will be incomplete if they don't offer a robust menu of mobile services. As of now, just 21 percent of mobile phone users have used a banking app in the past year, according to a Fed study. The ramp-up is being held back just a bit by security concerns. A new survey by Metaforic has found that nearly 70 percent of smartphone owners who have not yet plunged into mobile banking are 'holding back due to security fears.'"
Fortinet Sees Surge In Android Adware, Evolution To Zitmo Mobile Banking Trojan
"Fortinet® − a world leader in high-performance network security – today released its threat landscape research. During the period beginning July 1, 2012 and ending September 30, 2012, FortiGuard Labs researchers reported a marked increase in Android adware, new evidence suggesting that Zitmo (Zeus-in-the-Mobile) mobile banking Trojan is evolving into a botnet and the detection of Romanian hackers performing large scale scanning for Web vulnerabilities."
nProtect Launches Security for Mobile Banking and Payments
"nProtect Inc., a global leader in Internet security solutions, introduces the nProtect Mobile Security for safe mobile banking and payments. The nProtect Mobile Security provides financial institutions and their users with a safe mobile environment for banking and payments against mobile threats including fake apps and malwares to protect valuable personal information and assets."
Security concerns over NatWest mobile banking app
"NatWest bank has suspended its Get Cash app which allows customers to withdraw money from a cash machine without a debit card, according to a report by the BBC. Customers request the cash on their mobile and a 6 digit pin is generated which they then enter at the cash money to withdraw funds."
Wednesday, October 3, 2012
Mobile Banking Security - Oct 3
Mobile banking trends and hidden risks
"While mobile banking apps are growing quickly in popularity, 68 percent of smartphone owners who have not yet adopted these apps are holding back due to security fears, while only 12 percent believe that the effort of downloading and installing such apps doesn’t justify the convenience, according to Metaforic."
Bank of America Execs Assert Mobile Banking and Security Are Top Priorities
"'Mobile is in our DNA,' explains David Godsman, an online and mobile solutions executive at Bank of America. 'It's how we operate our business.' At a briefing for reporters in Manhattan Tuesday, he said that BofA is constantly evolving and refining the security around its mobile banking application. That could mean different forms of authentication — such as biometric or voice authentication."
Mobile Payments: The Security Challenge
"When it comes to mobile payments, consumers rely on banks and credit unions to be stewards of security. But how can institutions mitigate risk through a payments mechanism they don't solely own? Dennis Simmons, president and CEO of SWACHA, a Dallas-based non-profit payments association, says security success depends on collaboration -- among banking institutions, merchants, mobile carriers, telecommunications companies and consumers."
Hidden Risks in Mobile Banking Raising Concerns
"A new Metaforic survey reveals that while mobile banking apps are growing quickly in popularity, 68 percent of smartphone owners who have not yet adopted these apps are holding back due to security fears, while only 12 percent believe that the effort of downloading and installing such apps doesn’t justify the convenience. By contrast, only 14 percent of those surveyed said that security concerns were preventing them from using PC-based online banking."
"While mobile banking apps are growing quickly in popularity, 68 percent of smartphone owners who have not yet adopted these apps are holding back due to security fears, while only 12 percent believe that the effort of downloading and installing such apps doesn’t justify the convenience, according to Metaforic."
Bank of America Execs Assert Mobile Banking and Security Are Top Priorities
"'Mobile is in our DNA,' explains David Godsman, an online and mobile solutions executive at Bank of America. 'It's how we operate our business.' At a briefing for reporters in Manhattan Tuesday, he said that BofA is constantly evolving and refining the security around its mobile banking application. That could mean different forms of authentication — such as biometric or voice authentication."
Mobile Payments: The Security Challenge
"When it comes to mobile payments, consumers rely on banks and credit unions to be stewards of security. But how can institutions mitigate risk through a payments mechanism they don't solely own? Dennis Simmons, president and CEO of SWACHA, a Dallas-based non-profit payments association, says security success depends on collaboration -- among banking institutions, merchants, mobile carriers, telecommunications companies and consumers."
Hidden Risks in Mobile Banking Raising Concerns
"A new Metaforic survey reveals that while mobile banking apps are growing quickly in popularity, 68 percent of smartphone owners who have not yet adopted these apps are holding back due to security fears, while only 12 percent believe that the effort of downloading and installing such apps doesn’t justify the convenience. By contrast, only 14 percent of those surveyed said that security concerns were preventing them from using PC-based online banking."
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