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Global mobile banking malware surges 32%

Finextra

Global mobile banking trojan attacks on Android users grew by a third in 2023, while cryptocurrency-related phishing also saw a sharp increase, according to a Kaspersky report.

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Mobile Banking Malware on the Rise Amid Rapid Adoption

Fintech News

Mobile banking is a rapidly growing market that’s projected to hit a value of US$7 billion by 2032. The 2023 study, which analyzed malware targeting banking apps, uncovered that 29 malware families targeted 1,800 banking applications across 61 countries last year.

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NBK Unveils Payment Verification Service on Its Mobile Banking App

Fintech Finance

In keeping with its constant dedication to providing cutting-edge services to its customers, National Bank of Kuwait (NBK) announced introducing a new service that allows customers to confirm payment transactions online through the NBK Mobile Banking App, making itself as the first provider of this service in Kuwait.

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Mobile Banking Firm Chime Gets $14.5B Valuation With New Funding

PYMNTS

Mobile banking upstart Chime has completed funding that has provided the firm with a $14.5 Chime, which CEO Chris Britt co-founded in 2013, provides clients mobile banking accounts without charges, debit cards and automated teller machine (ATM) access. billion valuation, CNBC reported. The company is geared toward U.S.

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Lloyds Bank adds NFC passport scanning to mobile banking app

NFCW

UK cinemas rolled out support for Yoti ID and Post Office EasyID in June 2022 Lloyds Bank adds NFC passport scanning to mobile banking app was written by Sarah Clark and published by NFCW. Lloyds, Yoti and the Post Office “will announce new ways people can use their digital ID apps over the coming months”, Lloyds says.

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French payments app Lydia launches mobile bank

Finextra

French mobile payments app Lydia has launched a new challenger bank proposition with plans to invest €100 million in the new venture and hire 400 people over the next three years.

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i2c: Mobile Banking, Credit Drive FinTech Opportunities Beyond The ‘Simple’ DDA

PYMNTS

But while some might think the mobile banking innovation trend is a U.S.-dominated Mobile isn’t a U.S. Mobile isn’t a developed market phenomenon. He added that outsourcing technology to someone with an agile platform is one way to equalize the playing field and beat the big guys at their game. phenomenon.