Modern ATMs: Improving the Customer Experience

Half a century ago ATMs caused a revolution in the banking industry, eliminating the need to visit a bank branch to withdraw cash or deposit a check. Multifunctional ATMs that could perform basic financial transactions such as money transfers between accounts that previously were handled by tellers debuted in 1971. They showed that banking operations could be performed without the need for a branch or operator.

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Banking on the cloud

The leaders in cloud technologies – Amazon and Microsoft – are paving the way to enhanced data processing and storage services. Businesses around the world are quickly coming round to the potential of these new opportunities. Cloud infrastructure is used by various business sectors, including financial organizations.

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Gamifying The Financial World

Even though we are all grown up now and take life much more seriously than we used to do as kids on a playground, an enjoyable game still has a good chance of helping us reclaim our inner child. It is of no surprise that businesses use game principles to attract new and encourage existing customers to perform certain activities or motivate specific behaviors among a target group. BUSINESSES USE GAMES AS A MARKETING TOOL TO DRIVE CUSTOMER ENGAGEMENT The first study on the principles of people’s ...

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The journey into 2020: What to look for?

Dear Ladies and Gentlemen, fasten your seatbelts and prepare to land in the year 2020. The business climate at your destination is very favorable for the financial sector albeit certain challenges are expected from time to time. We wish you an enjoyable stay, that you contribute to the development of pioneering technologies, and victory in the competitive world of banking. The key technological advances and recent trends have been discussed for more than 5 years by the prime movers of the banki...

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SOLAR ACS passed EMV certification for the 3-D Secure 2.1 standard

Solanteq has successfully completed the EMV certification of SOLAR ACS and confirmed that it meets the requirements of 3-D Secure 2.1. SOLAR ACS performs user authentication in accordance with the 3-D Secure 2.1 standard, supports various card-not-present transaction types and flexibly integrates with existing bank subsystems. The solution is designed to effectively prevent fraudulent activities based on an embedded set of rules and by tracking suspicious user behaviour. SOLAR ACS PROVIDES SE...

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AI for consumers. What are the implications?

There is no doubt that the emergence of artificial intelligence has garnered considerable attention across society. And it has already had a major impact on our daily activities. The mysterious hidden algorithms that recognize which ads we will be interested in, scan our activity in social media and online shopping stores, and answer questions in chatbots are making our lives increasingly productive. WHAT IS THE DIFFERENCE BETWEEN ARTIFICIAL INTELLIGENCE, MACHINE LEARNING AND DATA SCIENCE? The b...

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