How are banking habits changing?
New banking users prefer smartphone access to finance, instant payments, and alternative and digital credit. Technology and the widespread use of smartphones have transformed people’s relationship with banking. Now, speed, technology, and personalization are setting...
What to expect from Phase 3 of Open Banking in Brazil
The third phase will allow Pix users to make payments outside of their bank’s platform, making digital purchases easier. The transformation of payment methods and the discouragement of cash is the backdrop for the third phase of Open Banking in Brazil, now with a new...
Smart, predictive banking at the user’s service
The combination of data usage and analytics will enable banks to fine-tune their processes and customize their products to deliver tailored experiences. It’s a fact: consumer expectations aren’t the same as they used to be. From the speed at which groceries arrive...
Are “financial supermarkets” the future of banking?
As financial services become unbundled, banks need an integration strategy, according to Manolo Sanchez, former BBVA Compass board member. It isn’t uncommon today for users to move from one app to another to make payments, transfers or manage their investments. New...
The Future of Digital Wallets in Banking
Banks must take advantage of the opportunities offered by the open finance era to drive continuous improvement in digital wallets By Wagner Martin, Director of Business Development at Veritran Brasil Amid an unprecedented acceleration in the use of digital payment...
Geolocation: Why Does Your Bank App Need It?
Knowing where a digital banking user is can help contextualize the language used to communicate with them. It also improves security. In order to improve the personalization of financial products and services, the geolocation function in banking apps is emerging as a...
Why Your Bank Should Join the Embedded Finance Trend
Integrated finance represents an growth opportunity for banking, in addition to providing differentiating value to the customer experience The distribution of financial services is changing rapidly. Embedded finance is becoming an increasingly popular practice in the...
Being (and Thinking) Digitally Will Mark Road to Success for Banks
Financial institutions opting for digital native strategies will reach a point of inflexion, says Chris Skinner, a digital transformation expert The evolution of digital finance is a given for the banking industry but there is a hallmark distinguishing those who will...
Global FinTech Leader Veritran Announces Strategic Growth Investment from Trivest Partners
Veritran reaches $225 million valuation with strategic investment from Trivest Partners Veritran, Inc. (“Veritran” or the “Company”), a leading global FinTech Low-Code Platform provider, announced today a strategic growth investment from Miami-based Trivest Partners...
Platform banking vs. Banking as a service
As the new API economy flourishes, it’s a good time to look at the benefits and differences between two business models in the open data landscape. It’s well known that the disruptive effect of digital technology is changing the way consumers access financial services...
How iris biometrics could revolutionize the way we bank
Facial and fingerprint biometrics are well known, but there is an even more secure technology with better UX that all banks should be looking at. By Greynier Fuentes, Vice President of Digital Solutions, Veritran Maintaining security while offering an intuitive...
How to reach technological maturity in digital payments
Digital payments are evolving quickly into a new era where data science, information security and partnerships are key to remaining relevant As more and more people embrace contactless payments, new challenges are emerging for the industry. Now, the push to increase...
Digital transformation in banking: Speed makes the difference
Juan Miguel Guerra, Head of RappiCard Mexico, discusses how banks can accelerate innovation, on Banking (Remix), Veritran's new podcast In times when agility and simplicity in financial services are more important than ever, the speed of technological development is...
QR Revolution: Uses in Banking Beyond Payments
As QR codes become better known and more widely used, banks can leverage the technology not just for payments - but also for client acquisition Social distancing measures have led to drastic changes in the finance and payment industry. One of the big beneficiaries has...
Mercury in Retrograde: Can Astrology Teach Us to Better Manage Our Finances?
Mercury was recently in retrograde - for those of you not familiar with astrology, that means now is a time where things just seem to be going wrong. Astrologers have explained that every aspect of life can be impacted, from work initiatives to personal plans....
Three Features that Established Banks can Borrow from Neobanks
Neobanks have grown quickly thanks to their application of cutting edge technology and processes – and we can all learn something from them Neobanks are stepping on the heels oftraditional financial institutions – not because they are digital, but because they have...
Open Finance: What Are the Advantages of Going Beyond Open Banking?
As open finance grows in prominence globally, we discuss what it is - and what it means for financial institutions and for consumers In Latin America, regulatory trends in favor of a more interconnected financial system are starting to emerge, which are accelerating...
Digital Onboarding: How to Create a Great User Experience
Banks should continually review and optimize their digital sign-up process, to ensure an innovative and intuitive journey for new customers. Digital interactions have replaced face-to-face ones in the ‘new normal’. At the same time, new players in the world of finance...
Cloud Banking: What Are the Benefits for Financial Institutions?
From data storage to advanced security options, cloud-based technology systems deliver several important advantages to banks In its most simple form, ‘cloud banking’ refers to the use of hardware (for storage) and software (for the service) to save and access data....
How Big Data is Changing The Face of Banking
Financial institutions are discovering new business opportunities based on the huge flow of data that they manage. Big data is the collection of massive volumes and types of information, which grows exponentially over time. One example in the financial market is the...
Financial Health: Key Elements For a Successful Banking Dashboard
Banks that help their users understand and strengthen their financial position are the ones that gain more loyal customers in the long-term What is the first screen the user sees when logging into their banking app? If it shows a list of their transactions, the bank...
Argentina: How Interoperable Digital Payments are Displacing Cash
A push towards interoperability is driving strong uptake of digital payments in Argentina, opening the way to greater use of QR codes Argentina set in motion a system of interoperable QR code payments on December 7th, 2020. Just one month later - January 2021 - users...
Superapps: What Are They and How Are They Different From Other Apps?
The concept of multipurpose apps is making its way into financial services. Here we look at how superapps are growing, and some standout successes Superapps are platforms for innovative products and services that offer an everyday financial solution for their users....
Let’s Talk About Finance: The Rise of Voice Banking
We are using our devices more and more to communicate. Banks can make the most of this trend to improve the UX and security of their apps. Voice control for digital devices has gained ground in recent years, led by two of the main technology companies globally:...
Here’s what Generation Z wants from their bank
To attract the post-millennial generation, financial institutions need to understand this new cohort’s preferences and expectations. Growing up surrounded by technological tools has left a mark on the personalities and expectations of the so-called Generation Z, or...
APIs: What are they and why does your institution need them?
In the open data era, it is essential to understand how your organization can exchange information via APIs, and what it can achieve by doing so In recent years, information sharing has come to the forefront of business, with an array of government and market...
Digital authentication for the post-password era
Technology based on behavioral traits and biological characteristics is making digital user authentication processes faster and more secure Codes and passwords have long been the most common forms of authentication in the banking industry, but increasingly they are...
Banking regulation: Banks’ secret advantage over fintech
As competition grows among digital financial services, banks can use regulatory compliance to their advantage to deliver greater security to clients By Marcelo Fondacaro, CCO of Veritran At a moment when disruptive startups have revolutionized the financial sector, it...
AI: Use Cases for Machine Learning in Banking in 2021
Banks are turning to artificial intelligence to increase their efficiency and improve their services. Here are the trending use cases this year. Artificial Intelligence (AI) is becoming a disruptive force in banking, bringing automation to operations management, 24/7...
Digital Wallets: 3 UX Trends to Deliver Excellent Functionality
Gamification, UX writing and contactless functions are key to improving digital user experience – and therefore app usage - this year. Digital wallets have become a key tool in payments globally. Their simplicity and user friendliness have driven their growth, thereby...
Financial Portability in Chile: How Banks Can Thrive
With the new regulations, Chile’s financial sector can leverage cutting-edge technology to deliver the best possible products and user experiences. By Marcelo Fondacaro, Veritran COO Chile recently enacted a Financial Portability Law, a regulation that allows users to...
Digital Banking: 5 Questions the Sector Asked in 2020
In this column, Veritran answers some of the main queries that clients and partners asked us over the past year Digital channels have become a top priority for banks around the world over the last year. At Veritran, we have supported many institutions in developing,...
Cognitive Banking: How Tomorrow’s Technology Will Change the Industry
Cognitive computing makes it possible to anticipate patterns in user behavior in order to offer them their ideal product – and at the best moment Knowledge is the new "gold" of the banking industry. But for information to be translated into tangible products and...
Digital Consumption: What Will Change (and What Won’t) After the Pandemic
The pandemic has spurred rapid digitization. In the post-pandemic era, some of the new digital habits will change - and others are here to stay. 2020 was a period of rapid change for the financial industry with the focus on solving onboarding processes and optimizing...
QR Codes Payments, a trend for the «new normal»
The contactless environment has given a push to QR Codes, a payment technology with growing popularity thanks to its simplicity, speed and security QR codes are becoming more and more popular at the checkout line of any kind of store almost anywhere in the world....
Open banking: how FIs can face the new business model
Open banking means big changes for the financial industry - challenges which must be addressed through cooperation and innovation Disruption, with a change of business models, is imminent with the arrival of open banking. Financial institutions will have to adapt...
How to power up ATMs with mobile banking
Cash machines are being reinvented, offering new contactless features that work with mobile apps for great UX, and healthy customers. ATMs are an important part of banking infrastructure. And in the new normal of contactless operations, banks are finding an important...
Smart notifications: 3 benefits of “intelligent” alerts
How do you connect with a customer in an environment full of electronic “junk mail”? Smart notifications are a powerful solution for cutting through the noise We receive notifications constantly: new WhatsApp messages, emails, bank alerts and texts to authenticate...
Biometrics: Frictionless security in digital banking
In addition to providing security for digital financial operations, biometric tools deliver simple, user-friendly banking experiences. Modern cybersecurity has made biometrics a perfect tech tool when it comes to operational security, especially in the field of...
Why it’s important to help your clients with their financial health
With technology, banks can offer personalized advice to their clients, and increase the level of loyalty towards the institution itself Although financial health is a relatively new concept, it is one the banking sector is perfectly positioned for. By offering tools...
How to develop an app for the world of IoT
Growth of the Internet of Things is an important trend to keep in mind when you are refreshing your business app. Here are some key points to consider Increasingly, consumers are buying and using internet-connected devices, such as security systems and smart home...
Blockchain for Banking: 3 Proven Uses
Blockchain technology is already producing tangible solutions for banks. Here are three live applications of blockchain that are worth getting to know Promising vast improvements in security, efficiency, and transparency, blockchain has been heralded in many ways:...
‘Mobile Thinking’: The Way Forward for Banking
Today, the main interaction between clients and the world is through a mobile phone, a trend with big implications for traditional banking. Years of investment in digital transformation and a push to create mobile applications are bearing fruit in the banking sector....
Bank Cybersecurity: Keys Issues During COVID-19
Lockdowns have unleashed an uptick in cybercrime. Training and digital cybersecurity tools are key to taking it on. Cybercrime has been another epidemic that has arrived in tandem with Covid-19. Data theft, unauthorized transfers and appropriation of funds have shot...
UX: 3 Keys to Grow Bank Customer Loyalty in 2020
AI and customer-centricity are fundamental for developing a banking app with the best UX and the highest potential to foster customer loyalty The coronavirus pandemic has lifted the expectations of customers as far as their relationship with brands goes. The more that...
E-Health: The Challenges of Digital Transformation
Medicine has been going through its own digital transformation, but it faces privacy, integration and trust challenges. Digital transformation is a growing trend in healthcare. It has much potential to change how patients are attended to, and to provide more...
Account Takeover: How to address this new type of cybercrime
Cybercrime has a new form, Account Takeover, which involves stealing login credentials for digital financial accounts Amid the crisis caused by the coronavirus, many issues have risen to attention: E-commerce, digital payments, online transactions - and also...
Tokenization: Key for Digital Payments
The use of tokenization is increasingly important to avoid fraud, protect user data, and increase sales Tokenization has become increasingly important for digital payments in recent years and today, with Covid-19, it has become crucial. Due to the pandemic, consumers...
How to choose the best Low-Code development platform
Low-Code development offers many advantages when creating an app, but how do you choose the best platform? Here are some points to keep in mind Mobile channels are increasingly in demand, as the number of digital consumers continues to grow. With that, the need to...
3 ways that COVID-19 is reshaping how businesses use technology
COVID-19 is changing how we use technology, especially in banking: bringing a new way of working, more digital experiences and permanent use of AI Before the appearance of COVID-19, technological changes were already here, marked by trends such as the internet of...
