Dear Subscriber,

It’s still very early days, but momentum is definitely building in the digital challenger bank space. In the same month as new research shows more and more people are turning away from in-branch and phone banking to mobile apps, Mondo, a digital-only bank, has received its banking licence and adds further competition to a market that already includes Atom, Tandem and Starling.

Elsewhere in the newsletter, Standard Chartered has committed to rolling out fingerprint and voice recognition technology across Asia, Africa and the Middle East, whilst ACI Worldwide’s Michael Grillo asks, ‘Are consumers still concerned about fraud?’

Enjoy!

It’s a good time to be a challenger bank as Mondo, a digital-only bank, has received a banking licence to add further competition to the market that already includes Atom, Tandem and Starling.

Standard Chartered has committed to rolling out biometric technology across Asia, Africa and the Middle East, which would allow clients to access their bank account balances, cards and investments using their unique fingerprint or voice as identifiers.

In this blog post, Michael Grillo, director, Marketing Line Leader, Merchant Solutions at ACI Worldwide, talks about the impact of fraud on a consumer and what it means for their relationship with their bank, and highlights that the fight against it requires a collective effort.

Asia is surging ahead in the ecommerce game. It has a lot going for it, including an expanding middle class that’s predicted to number 1.7 billion by 2020, and a rapidly growing population of smartphone users.