Digital Banking

As institutions unto themselves, legacy banks have been slower than most organisations in adapting to the demands of a new age of digital transactions.

More so than most industries, the financial services sector has been heavily impacted by the COVID-19 pandemic – and the changes coming to these institutions are likely to be permanent.

The company stated that a “limited number” of accounts had been compromised, though the service itself was secure.

The gradual process of financial digitisation has been dramatically accelerated by the COVID-19 pandemic. What new innovations can we expect to see soon?

Identity fraud is becoming an increasingly attractive prospect for criminals, never more so than during a global pandemic when the world’s population has been driven indoors and online.