This is an exciting time to be alive in the fintech space -- and also an interesting time to be a chatbot, as the experiences of Microsoft's Tay proved last week. As FIs and startups alike leverage the best in entrepreneurial and technological insight to adapt to customers' lives, the gap is narrowing between financial operations (payments, budgeting, etc) and how these interactions are integrated into the lives of users, increasingly cultivating a seamless banking experience. This seamlessness may have taken a step forward last week as German mobile banking startup Number26 introduced a new app that lays the groundwork for extensive artificial intelligence (AI) in financial services. Dubbed PULSE26, Number26's new banking app analyzes customer saving and spending habits to optimize the digital banking experience for each user. PULSE26 alerts the user with quick and comprehensive updates based on personal banking history.
NatWest customers are currently unable to access their bank accounts through the company's online and app platforms. Since around 5am on Friday, account holders have been reporting problems with the service. The app shows an error message that says it is "unable to establish a connection", while the bank's website displays a message saying that online banking is "temporarily unavailable". NatWest said it was "working hard" to fix the online and mobile problems. It added that telephone banking and ATMs are available.
You no longer have to use Google's official app if you want to get started with Android Pay's tap-to-buy features. The internet giant has forged partnerships with several financial institutions (currently including Bank of America, BNZ, Discover, mBank and USAA) that let you add cards and use Android Pay from within their mobile banking apps. The tap-to-pay experience should remain familiar, right down to getting notifications whenever you make a purchase. The addition won't matter much if you're comfortable with NFC-based purchases, but it could help expand Android Pay's reach. Many people don't know their phones can handle tap-to-pay shopping, and this could expose them to the concept for the first time.
On the basis of regional analysis, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America region is generating highest market share in Core Banking Solutions Market owing to higher technology implementation. The implementation of core banking solution software by both small and medium enterprises is increasing rapidly. In US region, the implementation of core banking solution software in BFSI sector accounted for highest market share. Due to its capabilities to improve efficiency and better risk management is driving the market in the region. The study also indicates, the high implementation of software in banking service is driving the market in the region. Countries such as US and Canada witnessed large utilization of core banking solutions software in BFSI industry.