The Entersekt Blog

Industry news, security threats, and technology advances in consumer authentication.

How friendly friction builds better digital banking experiences
16-05-2019|Jennifer Singh

How friendly friction builds better digital banking experiences

Consumers’ preferences are undeniably shifting digitally when it comes to banking and financial services. According to a recent study by Citibank, 31 percent of consumers use their mobile banking app more than any other — placing mobile banking behind only social media and weather for the most frequented mobile destinations.
Entersekt’s consumer survey 2019: Mobile app-based banking and payments in the USA
30-04-2019|Sherif Samy

Entersekt’s consumer survey 2019: Mobile app-based banking and payments in the USA

This is an exciting time in mobile banking and payments. Entersekt believes that banks, and their customers, can have it all – convenience, control, and the benefits of continuous innovation. It just takes vision.
Smarter digital banking experiences for the intelligence age
25-04-2019|Niel Bester

Smarter digital banking experiences for the intelligence age

Demand from young consumers for quicker decisions regarding their finances means that financial institutions are relying increasingly on modern data-processing techniques to enable real-time empowerment. This article, by Niel Bester, SVP: products, appeared in Global Banking and Finance Review, and Banking Exchange earlier this year.
Five things ... that make a great banking app
28-03-2019|Alpa Somaiya

Five things ... that make a great banking app

Unlike men (according to Thomas Jefferson), all banking apps were not created equal. There is a huge variety of apps (and banks) to choose from; some have a wide range of features, while others struggle to offer even the basics. These days, the “basics” are also not what they used to be.
It’s like your credit card, only better
07-03-2019|Gerhard Oosthuizen

It’s like your credit card, only better

In the “old days” – the days of magnetic stripe cards – we proved that we were the owners of our cards with a handwritten signature at the point of sale (POS). Then came the chip cards, for which we switched to using a PIN number in card-present situations to authenticate ourselves as the card owner.
The state of mobile banking: insights from industry research
28-02-2019|Lelanie de Roubaix

The state of mobile banking: insights from industry research

Digital banking industry research published in 2018 by a number of leading research and advisory firms highlights a trend that has led the industry to reflect on a core aspect of current priorities as well as future strategy: the customer.
Letting you know what you need to know when you need to know it
21-02-2019|Tom de Waal

Letting you know what you need to know when you need to know it

I have, over the years, opened accounts at a number of banks in order to meet different needs: savings, payments, a mortgage, and so on. My family also have bank accounts, some of which we share. You probably have a similar spread of accounts.
A new lease of life for QR codes: Payments and beyond
14-02-2019|Clara Chennells

A new lease of life for QR codes: Payments and beyond

If you thought that QR codes were only used for payments, take out your phone and scan again.
PSD2 hastens the demise of SMS OTP
31-01-2019|Lelanie de Roubaix

PSD2 hastens the demise of SMS OTP

A month into 2019, the financial services and payments industries are buzzing as the deadline for complying with Europe’s revised payments services directive (PSD2) approaches. A particular cause of concern is the implementation of the regulatory technical standard for strong customer authentication (SCA), which has been a hot topic in boardrooms and at industry events for what seems like years now.
Blockchain big bang or API ascension: What will 2019 bring?
17-01-2019|Gerhard Oosthuizen

Blockchain big bang or API ascension: What will 2019 bring?

Gerhard Oosthuizen, Entersekt’s CTO, uses his crystal ball, together with years of industry knowledge, to bring you a glimpse into the future of banking and payments.

At the beginning of a new year, alive with possibilities, we want to be ahead of the game. Some of us prefer a bit more certainty with our possibilities and look to industry experts and thought leaders to give us a preview into the year ahead. But we soon realize that there are countless banking industry initiatives poised to come to fruition in 2019, to the extent that it’s difficult to know which questions we will see answered as the year unfolds.

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Entersekt is an international software development company based just outside of Cape Town, South Africa.

We are leaders in authentication, app security, and payments enablement technology, offering a highly scalable solution set with a track record of success across multiple continents.