industryterm:online banking

Vulnerabilities and threats in mobile applications, 2019
▻https://www.ptsecurity.com/ww-en/analytics/mobile-application-security-threats-and-vulnerabilities-2019

In 2018, mobile apps were downloaded onto user devices over 205 billion times. Data by Marketing Land indicates that 57 percent of total digital media time is spent on smartphones and tablets. More often than not, our daily lives depend on apps for instant messaging, online banking, business functions, and mobile account management. According to Juniper Research, the number of people using mobile banking apps is approaching two billion—around 40 percent of the world’s adult population. (...)

#malware #smartphone #spyware #hacking

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IBM World Wire: Worth the Hype OR Simply PayPal on #blockchain
▻https://hackernoon.com/ibm-world-wire-worth-the-hype-or-simply-paypal-on-blockchain-8c5bc2c42f9

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(Source: Albello)As IBM announced its “Blockchain” based solution — World Wire, an international payments solution based on Stellar, a few thousand people groaned in disappointment. You see, Stellar is not a Blockchain, it is a Decentralized Ledger Technology (DLT). In simple terms, if the transactions are not put in “Blocks”, it is not a Blockchain.Maybe the guys at IBM overlooked this small detail while coming out with an intermediary-centric solution “based on trust”. Take a look at the introductory video and try to count the number of times Trust and Centralization rear their heads.What is IBM World Wire?Basically, IBM has built a global online banking protocol that sits between two transacting banks. If A in Australia wants to send money to Z in Zimbabwe, the current system is slow and (...)

#stellar-asset-stablecoin #ibm-world-wire #clearance-and-settlement #paypal-on-blockchain

Creating an Online Mortgage Service: Tips and Insights
▻https://hackernoon.com/creating-an-online-mortgage-service-tips-and-insights-e567d1376155?sourc

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Having started its rise in the 2010s, fintech has changed the image of traditional financial services. With online banking, online investing, and online payments already existing, it has been only a matter of time for mortgage and loans to become digital products. They are becoming much more convenient than their traditional versions, more oriented at customers, and less time-consuming. And all these benefits are completed with the fact that millennials, one of the forces that powered the rise of fintech, are ready to become the target clients of the housing market. As the demand for mortgages is growing and the market orients at the digital users, online mortgage services aim to meet the needs of the present and replace traditional loan services.Here, the essentials of building an (...)

#online-mortgage-service #mortgage-services #online-mortgage-lenders #online-mortgage #startup

How to Start a #fintech Company
▻https://hackernoon.com/how-to-start-a-fintech-company-e12bf425338?source=rss----3a8144eabfe3---

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7 Things You Should definitely Know“You have to, to serve these markets, re-imagine how money can be managed and moved because there’s going to be more change in the next five years in financial services than happened in the past 30.”– Dan Schulman, CEO PayPalEven if you don’t trade Bitcoins and are not sure how stocks work, there is still a chance that you might have used some sort of FinTech services like, mobile #payments or online banking solutions. In fact, the adoption of fintech globally reached 33% in 2017 (compared to 16% in 2015).Thus, there is absolutely no denying the fact that technologies will continue to invade the age-old financial industry. Riding on the fintech bandwagon, many millennials and innovators have reinvented their businesses and made a hefty profit in the (...)

#startup #financing #funding

The Guy Who Invented Those Annoying Password Rules Now Regrets Wasting Your Time

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▻http://gizmodo.com/the-guy-who-invented-those-annoying-password-rules-now-1797643987

The man in question is Bill Burr, a former manager at the National Institute of Standards and Technology (NIST). In 2003, Burr drafted an eight-page guide on how to create secure passwords creatively called the “NIST Special Publication 800-63. Appendix A.” This became the document that would go on to more or less dictate password requirements on everything from email accounts to login pages to your online banking portal. All those rules about using uppercase letters and special characters and numbers—those are all because of Bill.

The only problem is that Bill Burr didn’t really know much about how passwords worked back in 2003, when he wrote the manual. He certainly wasn’t a security expert.

[...]

Simple math shows that a shorter password with wacky characters is much easier to crack than a long string of easy-to-remember words.

Time Machine: Why didn’t Internet on TV take off in 1983?
►http://www.itworld.com/networking/254668/time-machine-why-didnt-internet-tv-take

The AT&T Tech Channel has another set of golden videos from the ’80s - this time, they’re highlighting the Viewtron system which let people access information, news, play games and conduct online banking through a remote-controlled (infra-red) keyboard and connected via telephone modem to a TV set. One of the big hopes for the system was online shopping, but as this AT&T post notes, “one of the online shopping sites had only logged a paltry 11 direct orders.”

►http://www.youtube.com/watch?v=o6DVBPmo4Co