Money20/20: Mobile Banking and Payments Security Experts Available

Mobile banking adoption has stalled. Why? What can banks do to reignite interest and restore trust among their customers?

LAS VEGAS--()--On hand at Money20/20 (October 23–26, 2016; The Venetian, Las Vegas) are two senior executives from Entersekt, the mobile app security and authentication market leader. They can provide commentary on advances in online and mobile banking security and how critical mobile innovation is to financial institutions’ long-term futures.

Dewald Nolte is a co-founder of Entersekt. As SVP partnerships and alliances, he is responsible for building Entersekt’s global network of strategic alliances and technology partners.

Pieter de Wet is an authority on banking and payments technology with a special interest in mobile, prepaid, and the payments business models transforming developing world economies.

What’s the story?
The Federal Reserve has noted a significant levelling off in US consumer adoption of mobile banking and payments. Annual growth among smartphone users has remained at one percentage point for three consecutive years according to the Federal Reserve Board of Governors’ Consumers and Mobile Financial Services 2016 report. The average number of interactions per user per month is flat too.

Could mobile banking usage really have peaked at just over half of the population, far short of where most analysts predicted it would be by now? Or is it simply that today’s mobile banking apps lack the features and frictionless user experience necessary to gain broader acceptance? What role does fear over cybercrime play in slowing consumer uptake and inhibiting mobile innovation by banks and credit unions?

Entersekt’s experts can provide answers to these questions and in-depth commentary on:

  • The opportunities that financial institutions are missing by playing it safe on mobile
  • How securing mobile apps and reliably authenticating their users is the vital first step in spurring further innovation, improving consumer confidence, and truly making the most out of this transformative channel
  • The technologies available for boosting mobile security without adversely affecting the user experience

Next step
Contact Entersekt to schedule an interview at Money20/20 or to request a byline contribution: info@entersekt.com

About Entersekt
Entersekt is an innovator in push-based authentication and app security. The company’s one-of-a-kind approach harnesses the power of digital certificate technology with the convenience of mobile phones to provide financial services companies and their customers with full protection from online fraud. Built on open technologies for high availability, scalability, and simple integration, Entersekt’s patented security products protect millions of devices and transactions daily, while complying with the world’s most stringent regulatory guidelines. Enterprises across the globe look to Entersekt to strengthen the all-important bond of trust they share with their customers, and to build on those relationships by introducing compelling, user-friendly new mobile and online services. For more information on Entersekt, visit www.entersekt.com.

Contacts

Entersekt
Dewald Nolte +27 82 332 9033

Release Summary

Mobile banking adoption has stalled. Why? What can banks do to reignite interest and restore trust among their customers?

Contacts

Entersekt
Dewald Nolte +27 82 332 9033