'Mobile Banking is unarguably the forerunner'

With the advent of online banking the world has become easy to access, but it comes with a lot of downside like security being compromised, frauds etc. What is your opinion about the same?

While the consumer must exercise good judgment in how they dispense their personal information, banks and financial services must also ensure a secure environment in which the customer can conduct their financial transactions. In this electronic age, where identity and data theft are becoming commonplace, it is essential for any bank / financial provider to take a proactive approach in identifying potential cyber-attack threats and the areas of vulnerability within their own infrastructure. And then adopt suitable solutions to match the threats. Some of the best online banking systems offer multi-layered security that act as deterrent to fraudsters.

To find out more about how emerging technologies are impacting the banking industry, read full interview at Globalservicesmedia.com