Presented by MetLife Foundation in collaboration with WSJ. Custom Studios, Multipliers of Prosperity takes a look globally at the challenges we face in confronting the issues of financial inclusion. The program dives deep into what’s working, questions what isn’t and finds the possible fixes. Most importantly, the program chronicles the triumphs of people who have taken the steps toward financial stability and the providers who have helped them reach those goals.
Tech innovation that focuses on security as its top priority is changing practices in the financial sector. By the end of 2015, six of the largest 19 banks in the U.S. will have enabled biometrics for mobile banking, according to research and consulting firm Aite Group. J.P. Morgan Chase is now using Touch ID authentication for its mobile app, and so is USAA, which also offers facial and voice recognition features for its authentication procedures.
Standard Bank’s New Mobile AccessAccount Reaches Low Income Individuals, Allowing Them to Open Bank Account Through Their Phones
JOHANNESBURG, South Africa, February 14, 2013 /3BL Media/ - SAP AG (NYSE:SAP) today announced that Standard Bank has been successful in introducing its new AccessBanking offering in South Africa, aimed at meeting the banking needs of the previously “unbanked.” This includes the AccessAccount, a transactional banking account based on SAP® Mobile Platform.