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Tech Talk: BNPL, biometrics, digital currencies, and more!

Consumers like biometrics over passwords
Fintech bets on bank partnerships for growth
Private sector’s role shaping digital currencies
How telcos can deliver financial services
Gen Z shoppers love BNPL
What is neobanking and how does it work?
Alternative payment methods boost conversions
New Fed unit to supervise crypto
Gen Z and millennials demand bank innovation
Spam, Scams & Breaches
Updates, Patches & Alerts
and on the lighter side...

Consumers like biometrics over passwords
The PYMNTS collaboration with Entersekt finds 65% of consumers verified at least one online financial activity or transaction with a password within 30 days previous to being surveyed. However only 25% of consumers prefer using passwords as an authentication method. PYMNTS.com has the details.

Fintech bets on bank partnerships for growth
By linking with both banks and software companies, Wisetack’s platform enables pay-over-time options for the services industry and the San Francisco-based fintech works with tens of thousands of small-services merchants. Banking Dive has the details.

Private sector’s role in shaping digital currencies
93% of central banks across the globe are in at least some stage of CBDC development, per data from the Bank of International Settlements. Microsoft spotlights the fact that public-private joint efforts may be among the critical components of bringing digital currencies more firmly into the mainstream. PYMNTS.com has the details.

How telcos can deliver financial services
5G, the next-generation technology promises a faster and more reliable connection in all circumstances, enabling telcos to level-up their digital financial services and increase financial inclusion with the help of fintechs. Finextra has the details.

Gen Z shoppers love BNPL
With interest rates unlikely to come down anytime soon, consumers across ages and income brackets are searching for alternative lending options. For Gen Z, using BNPL is one way to being able to afford the extras. PYMNTS.com has the details.

What is neobanking and how does it work?
What makes neobanking so beneficial? How convenient, accessible, and personalized are neobanks? What security measures are implemented by neobanks to ensure that financial transactions remain safe and secure? Finextra has the details.

Alternative payment methods boost conversions
Emerging from the pandemic, companies need to put payments at the center of their strategic roadmaps, according to Nuvei Chief Revenue Officer Laura Miller. PYMNTS.com has the details.

New Fed unit to supervise crypto
The Federal Reserve on Tuesday said it is launching a new supervisory program to oversee activities of the banks it supervises related to cryptocurrency, distributed ledger or blockchain technology and tech-driven partnerships with nonbanks. Banking Dive has the details.

Gen Z and millennials require bank innovation
Nearly one-third of account holders willing to go through the friction-filled effort of transferring FIs over lack of payment methods may be alarming enough for institutions that have so far delayed offering these options and the numbers are even higher for Gen Z and millennials. PYMNTS.com has the details.

Spams, Scams, and Breaches

Updates, Patches, and Alerts...

See what other current hot cyber and technology topics affecting financial institutions BOL users are discussing in the Technology Forum.

And on the lighter side...

An oldie, but a goodie from The IT Crowd .

First published on 08/11/2023

Briefing type:

Tech Talk

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