The Entersekt blog.

Ever forgotten your PIN number? What about forgetting which password goes with which account? Generally, the problem isn’t the password itself, but the number of username and password combinations we need to remember. It has been estimated that we have, on average, over 200 accounts for which we need to remember passwords, so it’s not surprising that 37% of people forget a password at least once a week!

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.

The IoT is changing the relationship between industries, forging new connections between manufacturers, service providers, suppliers, and consumers. This is reshaping the payments industry, transforming the way that the world transacts.

Remotely enrolling users is a growing concern for digital service providers, especially in the security-minded industries. How do you make it easier — a lot easier — for your customers to sign up to new products and services at home, especially with so much else — and so many other providers — competing for their attention these days?

If you are at all familiar with the payments and security scene, you might have noticed an increase in the number of established companies and start-ups that are focusing on behavioral biometrics. We take a look at the technology and its long journey since 1860s keystroke dynamics.

The world in which your entire commercial existence is bound to your mobile device is fast approaching, and at its center stands the bank, which safeguards your most valuable assets – funds, payment media, and a trove of data. That’s Entersekt’s vision.

When a customer uses a credit or debit card at the point of sale, Entersekt chief commercial officer Dewald Nolte told PYMNTS in a recent conversation, there is certainty: certainty of experience, certainty that it will be accepted and certainty that it will work.

After the 2008 financial crisis, banks were suddenly faced with a significant increase in regulations. This meant a hefty rise in expenditure and use of resources, and yet many businesses still fell short of expectations. The process needed access to more meaningful data and digitization.

As most organizations in the fintech space know by now, the European Banking Authority’s regulatory technical standards (RTS) on strong customer authentication take effect in September next year.

A new generation of bank customers will bypass physical branches and banking via the web almost completely in favor of completing transactions and accessing services from their mobile devices.