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We are increasingly being equipped with newer and better payment methodologies. At the latest 2017 chapter of Consumer Electronics Show or CES, we have seen a few of these new approaches. While all these financial technologies and innovative methods of payment
are likely to proliferate and grow, there is an equal level of security concerns. Just because we are in the middle of the first wave of Fintech adoption across the financial institutions, there are too many gaps visible in relation to security and compliance.
New app developers and IT companies harbour a similar opinion. Juned Ghanchi of
IndianAppDevelopers company leading mobile app development company in India recently told “delivering financial tech at the cost of security is the last thing we can think of. This is why the adoption is still slow across banks and financial institutions”.
Before we evaluate these concerns let us have s look at the emerging Fintech, digital payment methods and the possibilities they offer.
New Fintech at CES 2017
This year at CES 2017 MasterCard offered some nifty innovations banking upon the connected environment and home IOT. It came with an app using which people can order their required groceries
Read more ... source: TheBitcoinNews
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