App-lication to be key for banks

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Updated: April 28, 2015 5:08:14 AM

To make payment solutions easier, banks will have to move from encrypted password-based payments to biometric-based payments

As smartphones get popular, digital channels will enable banks to provide personalised services at low costs. To make payment solutions easier, banks will have to move from encrypted password-based payments to biometric-based payments. Digital channels will provide real-time solutions and banks with innovative apps will be top performers. Banks will need a secure technology architecture to make a mark in digital transformation.

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