Businessman touching virtual screen with icon online banking. Online payments, cyber security and … More devices concept. Digital innovation technology getty OBSERVATIONS FROM THE FINTECH SNARK TANK The digital banking revolution is over. Not because it failed, but because it’s stalled. Consumers have embraced mobile and online banking. Banks and credit unions have poured millions
Security researchers at Zimperium zLabs, a mobile security software provider, have uncovered a sophisticated evolution of the “GodFather” banking malware, which employs an advanced on-device virtualization technique to hijack legitimate mobile applications, with a significant focus on banking and cryptocurrency apps. This malware is substantially more dangerous than many existing mobile device threats, according to
India has an estimated 18 crore low-literate people who struggle to read and write even in their native languages. With smartphone penetration crossing 650 million and regional content consumption skyrocketing, banks, startups, and government organisations are racing to bridge this divide by leveraging voice-based technology and Artificial Intelligence (AI). Earlier, we would pay EMIs in
State Bank of India (SBI) customers faced disruptions today in internet and mobile banking services for the second time this month due to “technical issues”. The glitch affected users across the country, causing failures in mobile banking and fund transfers. Data from Downdetector showed a surge in reports of SBI mobile banking outages, peaking between