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Archive for: October, 2008

József Nyíri - IND Group - Budapest | 29/10/2008 | 3338 views | 2 comments

Facial recognition authentication in bank branches?

As the facial biometric authentication is developing, I can foresee a scenario, when the face of the customers are scanned by a corner camera as they step into a bank branch. The authentication is done this way and when the customer comes to the counter, and the bank employee could immediatelly see the customer name, portfolio, next best offer and... Tags: Retail bankingGroup: Futuristic Banking

József Nyíri - IND Group - Budapest | 29/10/2008 | 4068 views

Next real use case for mobile banking is mobile trading

According to the report from Bank of America, their mobile banking users make account balance enquiries and one-off payments in 90% of the logins. This narrow use of the service is because: they still have to educate their customers whats more available on the mobile, or if the customer really wants to do something else, he/she will use the online ... Tags: Online bankingGroup: Finance 2.0

József Nyíri - IND Group - Budapest | 24/10/2008 | 3754 views

Free mobile phone for mobile banking? Wow!

Reading the post from Brandon McGee, I was amazed that a bank is giving away quite good level new mobile phones to use their mobile banking. Sure, you have to open an account and sign for 2 years. http://brandonmcgee.blogspot.com/2008/10/regions-mobile-banking-free-phone.html What can be the reasons behind? 1. The 2-year relationship will bring ... Tags: Online bankingGroup: Finance 2.0

József Nyíri - IND Group - Budapest | 16/10/2008 | 3068 views | 1 comment

Mobile banking technology challenge: HTML won

The use of mobile banking is expected to be very high in the US and in Europe as well. The handsets themselves became very clever. There is no ”smartphone” category anymore, beacuse even the medium-level handsets are smart enough to browse the internet, have at least 320x240 screen resolution and they are fast! All of this resulted tha... Tags: Online bankingGroup: Finance 2.0

József Nyíri - IND Group - Budapest | 15/10/2008 | 2620 views | 2 comments

Innovative way to attract funds

As banks are in the need of funds, new, innovative ways of attracting deposits are more interesting than ever. A new online financial service from the U.S. offers an ebay-like auction for new deposits. The model is simple: you put in the amount you can deposit and the timeframe for it. Their system collects the bids from banks (in an automated way Tags: Online bankingGroup: Finance 2.0