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: