"Devices will recognize the user rather than having to remember an assortment of letters and numbers that are forgotten or could be guessed," said Lloyds.
Financial & Payments Technology
The award, handed out annually by Celent, aims to honor the best use of technology in different areas critical to success in banking.
"Amazon Connect is simple enough to be configured and run directly by business decision makers," according to Jeff Barr of AWS.
"The presence of the World Economic Forum in our city will help accelerate innovative science and technology policies," said San Francisco Mayor Ed Lee.
The new IMF working group will study the many economic and regulatory implications of the technological developments that are changing the world of finance.
"We are strengthening our commitment to simplifying processes and experiences, empowering users, and facilitating digital interactions," said Miki Migdal of NICE.
"Our customers want to do more of their banking through digital channels," said Brian Porter, Scotiabank chief executive
Though most now see the importance of omnichannel, more than half of the financial companies surveyed "have not begun substantive efforts."
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"Daimler's new payment system underscores our ambition...to make the products and services we offer even more appealing," said the company's Bodo Uebber.
“We know our customers value their time and like to do everything through their cell phones," said Cristina de Parias, head of BBVA Spain.
"As the software gets smarter it just creates more and more opportunities to add value," says Rod Drury of Xero.
NICE Trading Recording solution allows financial institutions to use the same secure means to capture calls in their back office that they use on their trading floors.
With blockchain, "we may see the financial services industry becoming more streamlined and efficient," says the U.K. actuary department.
Banking Technology will be handing out its Banking Technology Awards 2016 in December at Tower Hotel in London
A person's voice pattern is as unique as their fingerprint, so Barclays is ditching security passwords in favor of voice biometrics.
Automation is helping organizations deliver innovation in business and IT services while cutting costs, improving service, and optimizing processes.
The transfers occur instantaneously and come at no cost, with the sender only needing the recipient's email address or phone number.
“We’re open for business as it relates to fintech and partnering with other companies,” said Scotiabank's Jeff Marshall.
Banks must be proactive if they hope to survive in a world where fintech startups can offer the same services at a fraction of the speed and cost.
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