Financial institutions’ drive to become more “experience-driven” is opening the door to potential competition from global technology giants, according to a report published today by the World Economic Forum.
The need to transfer funds across borders has risen considerably over the last few decades. Scores of businesses pay suppliers and employees from other countries and several receive payments from international customers. Migrants require the services of the remittance industry on an ongoing basis, and their numbers continue to swell. Fortunately, advancements in technology have ensured that making international fund transfers is no longer expensive, time consuming, or bothersome.
Fujitsu today announces the launch of Smart Origination, customer onboarding technology developed in unique partnership with ImageWare Systems, InAuth, Intelligent Environments, Mitek, and Trunomi.