OCBC ‘Pay Anyone’ integrates with Siri and iMessage

Singapore’s OCBC Bank is the first in Asia Pacific to enable secure payments via Apple’s Siri and iMessage, enabling customers to make e-payments powered by voice and messaging technology. This is the latest in a series of digital innovations that OCBC Bank has introduced to make day-to-day banking and payments more simple, fast and accessible for customers.

Diebold Nixdorf “Extreme” ATM Concept Live at Money20/20

How consumers will interact with their money in the future is of course the whole point behind the Money20/20 conference, where companies of all kinds are demonstrating solutions to help the everyday consumer–and merchant–have a better experience with money.

This includes companies like Diebold Nixdorf, which is dedicated to forging—in its own words—“the future of connected commerce;” at Money 20/20 Diebold appears to be offering a middle ground between cash today and the cashless future with its “Extreme ATM” concept.

The fight-or-flight moment in financial services is here

How technology will affect the entire financial services industry

From Business Insider –

“Technology is upending workflow and processes in the financial services industry. Tasks once handled with paper money, bulky computers, and human interaction are now being completed entirely on digital interfaces. Given how pervasive financial services are across the globe, the disruption opportunity for fintech startups is massive.

Almost every type of financial activity — from banking to payments to wealth management and more — is being re-imagined by startups, some of which have garnered blockbuster investments. Meanwhile, the old guard is trying to solve a puzzle presented by the fintech revolution: How can they benefit from the rise of digital, and how can they avoid obsolescence?

In a new report from BI Intelligence, we provide a detailed overview of the fintech ecosystem, explain the challenges and opportunities for incumbents and startups and evaluate the key areas of finance being disrupted by new technologies. We also determine which financial sectors are most vulnerable, which are still shielded from immediate disruption, and what that means for new entrants and financial giants.”

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