Contactless payments: The way forward?
Proceedings report from The Asian Banker’s Singapore Retail Payments and Technology Dialogue 2013, on MAS’ cautious stance towards experimental payments technologies. September 09, 2013 | Research* The entire report can be downloaded at the bottom of this page. I. In Attendance The session was attended by the following: II. Key Discussion Points 1. Monetary Authority of Singapore (MAS) takes cautious stance towards future usage of mobile banking, cloud computing, Big Data, and mobile wallets. III. Detailed Key Discussion Points 1. Monetary Authority of Singapore (MAS) takes cautious stance towards future usage of mobile banking, cloud computing, Big Data, and mobile wallets a. According to MAS, Singaporean banks already know when and where expenditures go, so using technology to analyse big data isn’t necessary. Big Data is mostly unorganised information that will not help banks gain an edge in the market. Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Channels, Innovation, Mobile Banking, Payments, Regulation, Retail Banking, Risk and Regulation, Singapore, Technology & OperationsChannels,Innovation,Mobile banking,Payments,riskregulation,retail,Risk and Regulation,Singapore,technology, Channels,Innovation,Mobile Banking,Payments,Regulation,Retail Banking,Risk and Regulation,Singapore,Technology & Operations, Keywords:MAS, Big Data, Cloud, Google Wallet, NFC Payments, IDA, NETS MAS, Big Data, Cloud, Google Wallet, NFC Payments, IDA, NETS
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