Trusted Transactions | Entersekt Blog

Trusted Transactions | Entersekt Blog

Omnichannel is the new banking

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Mar 3, 2016 2:24:00 PM

Traditional financial institutions have been hit hard by digital disruption, with alternative payment methods such as PayPal and Apple Pay presenting strong competition. According to a 2015 report by the Temenos Group titled Shifting Sands: Banking in the Digital Era, the threat that banks are most concerned about comes from non-traditional players, especially technology companies such as Google. In order to be top-of-wallet in this highly competitive environment, banks must offer more, extending their ecosystems to respond to payment and social media trends. In short, they need to go omnichannel.

 

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Topics: Online banking authentication, User experience, Industry analytics

About Trusted Transactions

Trusted Transactions is Entersekt's blog devoted to keeping our customers, prospects and friends updated with industry news, security threats and technology advances in consumer authentication. We can protect against online banking fraud and account takeovers. Trusted Transactions brings you industry data and insights to help safeguard your online and mobile banking and payments transactions. 

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