While technology is changing the mechanisms by which we create, store, transact and protect value, the tenet of transactional transparency remains central to enhancing trust, risk and security necessary for the common good.
As the year began, MasterCard took a leap to strategically reposition itself for the Internet of Things (loT) and launched the Grocery app, which is pre-loaded on Samsung's Family Hub Fridge.This put the bank in the kitchen, enables the home to become a micro-retailer, opens a new way of customer engagement via home appliances and has made Samsung a customer of retail brands as well as a data analytics company of the future.
With personal data rising as a currency and driving force of the knowledge society, protecting one's digital DNA is a growing democratic issue and transparent ethical frameworks are needed especially to protect the underbanked population in emerging markets.