Mobile Banking stories

Affin Bank, one of the leading banks in Malaysia, has partnered with Aspire Systems to lead its digital transformation journey.

Global cybersecurity company Kaspersky warns of more mobile banking attacks against Android and iOS devices in APAC.

Marketing analytics platform Adjust has released a new report that finds mobile app growth is up by 31% in 2021.

"Through these vulnerabilities, hackers can obtain usernames, account balances, transfer confirmations, card limits, and the phone number associated with a victim's card.”

Mobile banking is the most rapidly growing way to bank; it has the highest levels of customer satisfaction.

The app has long overtaken internet banking as the preferred way for customers to access banking online.

Most mobile banking attacks happen through social engineering, which is when people are manipulated to hand over their usernames and passwords to cybercriminals.

"Gemalto's facial recognition can bolster mobile banking security and provide a mobile authentication method customers love and trust."

South Korean digital-only bank Kakao has deployed Thales security technologies as part of its efforts to boost the foundation of its banking systems.

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The collaboration will help TMB complete their wider digital strategy and is motivated by the demand for an omni-channel, mobile-first experience.

Symantec is warning Android users to watch out for a banking malware that is whitelisting itself to stay active and monitored by attackers.

"Banks need to ‘think big’ as they strive to meet evolving customer demands in the digital age."

“Customers are increasingly moving towards digital statements. This will make it easier to manage statements and be better on the environment.

Thieves use stolen credentials to log into the victim’s account remotely and transfer money out.

Identified as ‘one of the most dangerous Android banking Trojans ever seen', the Acecard malware is capable of attacking users of nearly 50 apps.

Tomorrow ANZ will launch its new goMoney Wallet for Android users, enabling a number of New Zealanders to make purchases using their smartphone.

“This innovation is another example of how we’re listening to customers and delivering solutions that meet their changing needs.”

FastPay enables SMBs to take Visa and MasterCard credit and debit card payments using their smartphones. It will now include EFTPOS payments as well.

Russell Jones heads an IT team the size of some of New Zealand’s bigger companies. He talks to Heather Wright about future proofing ASB’s technology, being customer focused and how technology isn’t everything.

The Co-operative Bank’s new mobile banking app is by tomorrow expected to reach one million logins by customers after its launch in July this year.

PayTag enables customers to make payments using mobile devices.

Usage expected to almost double within the next four years according to latest findings.