Blog

09/03/2018
Google enters the payment marketplace, as a direct competitor with Apple Pay and Samsung Pay. Uniting all of its existing services, Google has announced that it is in the process of consolidating a number of services to enable payments. This includes Android Pay and Google Wallet, which will be united under a single brand, Google Pay.This payment solution allows individuals to use any card saved on their Google accounts, including Google...
07/03/2018
Wearables garnered considerable traction over the last few years, as the new ‘it’ gadget for fitness and health. Single-purpose portable fitness devices gradually gave way for the development of a niche market, where technological innovations facilitated the development of gadgets like smartwatches.Digital innovations in gadgets are paving the way for a revolution in banking, as portability and convenience are now at the forefront....
02/03/2018
Artificial Intelligence is on the cusp of becoming an indispensable component of our daily life. From virtual personal assistants on smart devices, such as Siri and Cortana, to automated customer support service, AI (artificial intelligence) already serves millions of users.The banking sector will also be affected by advancements in artificial intelligence. Recent reports suggest that AI will revolutionise the ways financial institutions...
26/02/2018
A large majority of financial institutions have become familiar with blockchain technology applications such as Bitcoin and cryptocurrencies. Blockchain technology is a digital ledger that makes exact copies of every transaction and distributes the copies across all of the users computers (nodes) on that network.The transactions are processed through blocks, recorded one after another, forming a chain of blocks, hence the title ‘blockchain...
23/02/2018
Online banking and digital payments have become common practice in the digital world. Innovations in authentication procedures seek to streamline user experience and online transactions, while guaranteeing invulnerable security measures. Could biometrics be the solution?Cases of identity theft and financial fraud are rampant in cyberspace, necessitating a restructuring of the security practices implemented by banks and financial institutions....

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