Mobile banking offers should be about consumer desire and reaching a customer and member base that may have been missed by traditional banking services.
Self-service, enhanced privacy, cloud-based services - these are among the trends that will shape banking over the next decade. What can banking institutions do now to prepare?
A security firm finds that mobile apps often store sensitive financial data, highlighting the industry's need to implement stronger encryption and authentication measures for mobile banking apps.
Jason Rouse, security consultant, says financial institutions can overcome the mobile security challenges with a little foresight and structured technology.
Mobile payments are the future, and so is a migration to EMV chip and PIN. But the financial industry has quite a few more investments in technology upgrades it needs to make before any significant movement can be made.
NIST scientists are working to help the industry beat keyloggers, and law enforcement agencies cross borders to launch their fight against Zeus, the world's nastiest and most sophisticated Trojan.
Mobile devices, by their nature and reliance on wireless connectivity, have inherent security vulnerabilities. But those vulnerabilities can be overcome.
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