SAN JOSE, Calif. – Mobile technology continues to be an important element of the majority of new financial technology developments on display at FinovateSpring 2015.
For example, San Diego-based Mitek's mobile capture technology leverages smartphone cameras to scan IDs and documents to complete transactions and open new accounts. Mitek's mobile auto-capture with advanced computer vision technology finds and decodes encrypted security features hidden on most government-issued driver's licenses. Financial institutions simply embed the Mitek Mobile Web Capture SDK into a mobile website for a turnkey image capture solution.
The proprietary technology provides real-time guidance to enhance image capture.
“As mobile habits change, consumers find it more expeditious to complete an account opening or purchase with our intuitive use of the 'camera as the keyboard,'” James B. DeBello, president and CEO of Mitek said.
The Redwood City, Calif.-based Digital Insight, an NCR company, and Westport, Conn.-based Whodini both touted beacon technology at the conference.
Digital Insight designed more personalized and contextualized experiences based on a user's location. Whodini relies on the beacons to get customer feedback and create a customer profile.
People in attendance said they were not disappointed in the products on display.
“This is my first time; there is nice stuff but some of it seems to be a tweak on stuff we've seen before,” Shereen Jones, CIO for the Jamaican National Building Society, said.
Jones quickly added that the new mobile technology really levels the playing field for many participants.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
