For some time now, the financial services industry has been anxiously awaiting updated regulations regarding mobile banking security. In a response to the rise of digital banking usage, the Federal Financial Institutions Examination Council (FFIEC) updated its Retail Payment Services Handbook and added Appendix E—Mobile Financial Systems (MFS).
May 17, 2016
Over two days last week, more than 70 financial technology companies presented hands-on demos of their latest solutions in San Jose, California. The companies that demoed their products varied by geographical location, experience, technology, and area of application, which always adds to the conference's appeal. I’ve attended quite a few Finovate shows before and have often wondered if having more fintech developments also means more financial inclusion. I did get the answer last week with two solutions that stood out.