Bank of Baroda (BoB) World app scam could be tip of iceberg, RBI should appoint IT auditors in banks: Forum

Bank of Baroda (BoB) World app scam could be tip of iceberg, RBI should appoint IT auditors in banks: Forum

The RBI governor, Shaktikanta Das, has been urged by a civil society platform to implement an information security (IS) audit mechanism for banks that have mobile banking apps, and asked banks detect any malpractices, such as substitution of biometric details of customers at the time of account opening. “We now intent to convey our concerns…

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Parents are inundated with overwhelming school apps

Parents are inundated with overwhelming school apps

Mobile school apps have become more than just a source of entertainment or convenience; they have transformed into powerful tools for education. Whether for communication, learning or organization, mobile school apps offer a range of benefits, from helping with homework to staying connected to emergency announcements, that enhance the educational experience for schools, parents and…

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Exclusive: Hong Kong virtual lenders ZA and Mox rank in top 10 in Sia Partners’ global study of mobile banking apps

Exclusive: Hong Kong virtual lenders ZA and Mox rank in top 10 in Sia Partners’ global study of mobile banking apps

Hong Kong’s digital banks compare with the best in the world, with two virtual lenders from the city featuring in the global top 10 thanks to improvements in their mobile banking apps, according to a study. ZA Bank, the city’s largest virtual bank, ranked sixth in the 2023 Global Mobile Benchmark by French consultancy Sia…

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Delhi Metro launches QR code-based ticketing facility using Paytm Mobile App, ‘skip the queues’ now

Delhi Metro launches QR code-based ticketing facility using Paytm Mobile App, ‘skip the queues’ now

Delhi Metro has launched QR code-based ticketing facility through the Paytm Mobile App which is user-friendly option for commuters and enhances the ‘ease of booking tickets’ for travellers across its network.  The Managing Director of Delhi Metro Rail Corporation (DMRC) Dr. Vikas Kumar inaugurated this initiative in the presence of the Chief Business Officer of…

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Bank of Baroda associates stole funds from hundreds of accounts via mobile app, says report- The New Indian Express

Bank of Baroda associates stole funds from hundreds of accounts via mobile app, says report- The New Indian Express

By Online Desk Bank of Baroda has found instances of fraud, in which associates of the bank withdrew money from customer bank accounts by linking their own mobile numbers to customer accounts, Al Jazeera reported in association with The Reporters’ Collective. The audit was ordered three months ago by the Reserve Bank of India after…

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Anti-theft apps to protect your phone

Anti-theft apps to protect your phone

Have you ever lost your phone or did you recently loose your phone? There is a rampant rise of phone theft incidents in Kenya, which makes it even more stressful because smartphones are increasingly holding sensitive data that includes contacts, passwords and accounts.  Being indispensable for communication and everyday tasks, the need for enhanced protection…

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