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The Entersekt blog.

Industry news, security threats, and technology advances in consumer authentication
Survey report: Banking and payments app innovation in Germany

Survey report: Banking and payments app innovation in Germany


In September, I blogged about some of the findings of our 2019 German consumer survey, focusing on respondents’ attitudes to mobile banking and payments security. Today, I’ll look at consumers’ appetite for banking app innovation in the world’s fourth-largest economy and the promise of in-built payment capabilities. (The German-language illustrated report is available for download here. You can also contact us for the survey methodology and datasets in German and English.)

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Snippet: SMS OTP's technology’s extreme vulnerability is increasingly hard to ignore, and questions over its usability have become more pressing as PSD2 nears. Research indicates that consumers' resistance to its poor user experience is stronger than ever.

SMS OTP's technology’s extreme vulnerability is increasingly hard to ignore, and questions over its usability have become more pressing as PSD2 nears. Research indicates that consumers' resistance to its poor user experience is stronger than ever.

Snippet: There’s no denying that the evolution of computing power and technology, and the increasing digitization of almost everything, have made our lives much easier. On the flip side, however, these advances have increased the risk of private data interception and fraud.

There’s no denying that the evolution of computing power and technology, and the increasing digitization of almost everything, have made our lives much easier. On the flip side, however, these advances have increased the risk of private data interception and fraud.

Snippet: 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.

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.

Snippet: 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.

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.

Snippet: 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?

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?

Snippet: 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. Major vendors include BioCatch (Israel), IBM (USA), Nuance Communications (USA), SecureAuth (USA), Mastercard (USA), BehavioSec (Sweden), and SecuredTouch (USA), to name just a few.

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. Major vendors include BioCatch (Israel), IBM (USA), Nuance Communications (USA), SecureAuth (USA), Mastercard (USA), BehavioSec (Sweden), and SecuredTouch (USA), to name just a few.

Snippet: 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.

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.

Snippet: 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 within the next few years, we will have, on average, over 200 accounts for which we need to remember passwords!

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 within the next few years, we will have, on average, over 200 accounts for which we need to remember passwords!

Snippet: 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.

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.

Snippet: 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.

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.

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Entersekt is an innovator of customer-centric fintech solutions. Financial services providers and other enterprises rely on our patented mobile identity system to provide both security and the best in convenient new digital experiences to their customers, irrespective of the service channel. With us, they can concentrate on their innovation roadmap, while delivering intuitive, low-friction digital experiences to their customers.