Google Maps Platform Can Elevate FinTech Experience with Less Risks and Higher Security - Build What's Next
Case Study

Google Maps Platform Can Elevate FinTech Experience with Less Risks and Higher Security

4733

Of your peers have already read this article.

3:00 Minutes

The most insightful time you'll spend today!

Financial services firms can use Google Maps Platform for higher CX, better security and lesser risk! See these two case studies of fintech companies responding to customers preferences and our technical guidance on utilizing Google Maps Platform.

The financial services industry is changing—an estimated $68 trillion in wealth transferring from baby boomers to millennials.1 This means financial service providers will have to deliver the speed, ease-of-use, technological sophistication, and tailored services that millennials have come to expect. In fact, half of all millennials are willing to switch to a competing institution if it offers a better digital experience.2 This and many other trends are driving unprecedented growth for mobile Fintech experiences in banking, digital payments, financial management and insurance.3

Google Maps Platform financial services solutions

To help you respond to customer’s changing demands, we’re launching financial services solutions that can help you improve your customer experience, security and operations. We’ve outlined the technical guidance and APIs you need to build out three financial services solutions: Enriched Transactions, Quick and Verified Sign-up, and Branch and ATM Locator Plus. We’ve also highlighted two use cases that customers are using our APIs to solve: Contextual Experiences and Fraud Detection. 

Clarify financial statements with Enriched Transactions solution

Transaction statements are often hard for customers to understand, using abbreviations like “ACMEHCORP” instead of customer-facing names like “Acme Houseware”. Our Enriched Transactions solution clarifies these transactions and makes them instantly recognizable by adding the merchant name and business category, a photo of the storefront, its location on a map, and full contact info. Making transactions easier to recognize not only boosts consumer confidence, with reported increases in NPS of 15% or higher, but decreases costly support calls by approximately 67%.4

In addition, you can help customers easily visualize a series of transactions by adding the merchant name to the transaction amount and date, and displaying their transactions on a Google map. This enables you to give customers insights about where and how they spend money. See the guide to implement Enriched Transactions today.

Enriched transactions - before
Before: Traditional transaction summary
Enriched transactions - after
After: Enriched Transactions view

Enable faster sign-up with Quick and Verified Sign-up solution

Manually entered addresses can lead to lowered conversions, erroneous customer data, and costly delivery mistakes. Our Quick and Verified Sign-up solution makes sign-up faster, suggesting nearby addresses with just a few thumb taps—cutting sign-up time by up to 64% and increasing conversion rates by up to 15%. 

The solution also provides one additional level of address verification that helps reduce the risk of fraudulent account sign-ups—and companies have decreased fraudulent account setups by approximately 30% through using geospatial data to verify customer identities.4  See the Quick and Verified Sign-up solution guide to get started today.

  • Faster sign-ups 1An application form requires an address
  • Faster sign-ups 2Autocomplete quickly suggests addresses
  • Faster sign-ups 3Select the address with visual confirmation
  • Faster sign-ups 4Address verification options are presented
  • Faster sign-ups 5Location permission is granted by the user
  • Faster sign-ups 6The address is verified

Help customers visit you with Branch and ATM Locator Plus solution

74% of customers now search for specific details prior to their visit, which makes detailed, accurate profiles for each location a must.5 Our Branch and ATM Locator Plus solution enhances your own websites and apps with the same information shown about your branches and ATMs on Google Maps. Include hours of operation, available services, user reviews, photos of the location, driving directions and more.

Financial services companies using geospatial data to provide additional information (e.g. opening hours, available services, etc.) on branch and ATM services have seen a 14% increase in Net Promoter Score (NPS), and a 7% decrease in customer support calls.4  Implement Branch and ATM Locator Plus today using the guide or build it in minutes with Quick Builder.

  • ATM locator 1Customers can enable location permissions, or enter their address
  • ATM locator 2Quickly enter the address with Autocomplete
  • ATM locator 3Nearby location listings, ranked by distance and ETA
  • ATM locator 4Map view and directions

Enable offers and rewards with Contextual Experiences                    

Real-time, geo-targeted offers can power deals, rewards, and cash-back programs—all visualized with rich Google Maps. By combining the insights of purchase histories with customer opt-in to location-based features, companies can implement the Contextual Experiences use case to enable personalized offers and rewards programs that drive engagement with brands while putting money in customers’ pockets at the same time.This is a win for banks and their customers, validated by encouraging metrics like NPS rating boosts of 8% or higher, and an increase of 8% or more time spent in-app.4  Learn how Current uses Google Maps Platform to create innovative customer rewards programs with location intelligence.

Contextual experiences 1
Present nearby offers
Contextual experiences 2
Connect the customer to the offer they want

Detect suspicious transactions with Fraud Detection

With the Fraud Detection use case, companies can use customer opted-in mobile device location to flag suspicious activity based on geographic distance, such as an ATM withdrawal that is far from the customer’s phone. Our APIs can also help companies recognize suspicious transaction patterns such as a purchase made at a location that is physically distant from a recent transaction. 

Financial services companies that use geospatial data to verify customers’ identities have reduced fraudulent transactions by approximately 70%, and false positives in fraud detection by 45%, on average.4  Learn how Starling Bank uses Google Maps Platform to enable real-time notification of transactions and their locations, and enhance data-driven decision-making.

Start elevating customer experiences, reducing risk and increasing efficiency today with our financial services offerings. Visit our financial services solutions page to learn more about how to start implementing these solutions.

For more information on Google Maps Platform, visit our website.

Case Study

Customer Voices: How Firms from Across Industries Leverage Google Cloud

DOWNLOAD CASE STUDY

14082

Of your peers have already downloaded this article

1:30 Minutes

The most insightful time you'll spend today!

From powering everyday operations and accelerating application innovation, to providing tools for specific business needs and executing on big ideas, to advancing the security of technology solutions, companies from across industries have leveraged Google Cloud for business benefits.

Companies from across industries have turned to Google Cloud for transforming their business, modernizing their infrastructure, and gleaning intelligence from data. For instance:

  • Johnson & Johnson achieved a 41% increase in search results from high-quality job applicants, significantly improving the company’s ability to quickly hire top talent.
  • Sony Network Communications now processes 10 billion monthly queries faster, which advances data analysis.
  • University College Dublin saw significant 6-figure savings by eliminating legacy hardware, software, and maintenance.

And there are many such examples. Read the collection of case studies to find out how companies from across industries and geographies leveraged Google Cloud for measurable business benefits and for solving complex problems.

Research Reports

New research reveals who’s targeted by email attacks

4078

Of your peers have already read this article.

03:30 Minutes

The most insightful time you'll spend today!

Every day, we stop more than 100 million harmful emails from reaching Gmail users. Last year, during the peak of the pandemic crisis we saw 18 million daily malware and phishing emails related to COVID-19. This is in addition to more than 240 million COVID-related daily spam messages. Our ML models evolve to understand and filter new threats, and we continue to block more than 99.9% of spam, phishing, and malware from reaching our users.

We wanted to explore what factors influence being targeted by email phishing and malware and whether higher-risk users are adopting the strongest protections we have to offer. To do this, we teamed up with researchers at Stanford University to study over a billion phishing and malware emails and their anonymized targets. We recently presented our study at the Internet Measurement Conference (IMC), and it’s now available here.

We found that multiple factors correlate with higher risk: where you live, what devices you use, and whether your information appeared in previous third-party data breaches. 

Phishing and malware evolves faster than you think

We aggregated and analyzed all of the phishing and malware campaigns that Gmail automatically blocked over a five-month period to identify patterns. 

  • We found that users in the United States were the most popular targets (42% of attacks), followed by the United Kingdom (10% of attacks), and Japan (5% of attacks). 
  • Most attackers don’t localize their efforts, using the same English email template for users in multiple countries. 
  • There is, however, some evidence of regional attackers: 78% of the attacks targeting users in Japan occurred in Japanese, while 66% of attacks targeting Brazilian users occurred in Portuguese.

We also noticed some patterns among attackers and botnets that distribute phishing and malware emails:

  • They rely on fast-churning campaigns. A similar email based on a template is sent to 100–1,000 targets on average. 
  • The campaigns are brief and bursty, lasting just one to three days on average.
  • In a single week, these small-scale campaigns accounted for over 100 million phishing and malware emails in aggregate, targeting Gmail users around the globe.

While the users that attackers target change from week to week, in aggregate these patterns remain largely stable over time.

Factors that correlate with heightened risk

Beyond how attackers operate phishing and malware campaigns, we also analyzed what factors put a user at higher risk of attack. In order to avoid singling out any individual user or their personal data, we used an anonymization technique called “k-anonymity” to ensure any risk trends that we identified applied to a broad group of similar users. We modeled the likelihood of receiving any phishing or malware emails in a given week as a function of geographic location, demographics, security posture, device access, and prior security incidents (such as having personal data revealed by a third-party data breach).

Here is what our model found:

  • Having your email or other personal details exposed in a third-party data breach increased the odds of being targeted by phishing or malware by 5X. 
  • Where you live also affects risk. In Australia, users faced 2X the odds of attack compared to the United States, despite the United States being the most popular target by volume (not per capita). 
  • With respect to demographics, the odds of experiencing an attack was 1.64X higher for 55- to 64-year-olds, compared to 18- to 24-year-olds.
  • Mobile-only users experienced lower odds of attack: 0.80X compared to multi-device users. This may stem from socioeconomic factors related to device ownership and attackers targeting wealthier groups.

These correlations help us understand that risk is not evenly spread across geographic and demographic boundaries. 

How to stay safer

Gmail’s phishing and malware protections are automatically turned on by default. Here’s our top recommendations for what you can do today to stay safer.

For individual users:

  • Complete a Security Checkup for personalized and actionable security advice.
  • If appropriate, consider enrolling in Google’s Advanced Protection program, which provides Google’s strongest security to users at increased risk of targeted online attacks. 
  • Enable Enhanced Safe Browsing Protection in Google Chrome to substantially increase your defenses against dangerous websites and downloads on the web.
  • Browse these additional tips to manage your online security and choose the right level of protection for yourself.

For Workspace admins:

  • New research reveals who’s targeted by email attacks. Take a look at our advanced phishing and malware protection. These are turned on by default across all Google Workspace licenses, and you can further customize them according to the unique needs of your organization.
Blog

Maximize your downtime with these 12 cost-effective Google Cloud learning opportunities

2989

Of your peers have already read this article.

3:30 Minutes

The most insightful time you'll spend today!

Looking to boost your Google Cloud skills without breaking the bank? Look no further! Here are 12 no-cost ways to learn Google Cloud during the holidays and start the new year with newfound expertise.

The holiday season is upon us! If you are making your list and checking it twice, we’ve got a few learning gifts you can tick off the list and share with others too. For the season of giving, we’ve wrapped up some of our most popular training and certification opportunities and made them available at no-cost.

This December we’re aiming to offer something for everyone, whether you’re just getting started with cloud, or knee deep in preparing for a professional certification exam. Start with the fundamentals to gain a deeper understanding of cloud whether you’re in a business or technical role. Perhaps you’re looking to flex your data analytics and ML muscle with BigQuery and SQL, earn a Google Cloud skill badge, or enhance your technical cloud skills. Or jump into a hot topic like sustainability and learn about Google’s commitment to a clean cloud, and how to use sustainability tools. Read on to find something on your learning wishlist.

We also have a variety of learning formats to fit your needs. Complete hands-on labs, view courses and webinars, or jump into competitions like the Google Cloud Fly Cup Challenge or our most popular #GoogleClout Challenge of 2022 – and let the fun begin!

Are you ready to learn? Take a look at the training we’ve recommended below to work towards your goals as we head into the new year, with new skills, to make the most of new opportunities.

We’re giving plenty of learning gifts to choose from this month, so take your pick from the topics below:

ML, AI and data analytics

Who it’s for: ML, AI and data engineers
What you’ll take away: A deeper understanding of working in BigQuery and SQL.
Level: Foundational
Start learning now:

  • Introduction to SQL for BigQuery and Cloud SQL – Get started with this one hour and 15 minute hands-on lab to learn fundamental SQL querying keywords, which you will run in the BigQuery console on a public dataset, and how to export subsets of a dataset into CSV files, then upload to Cloud SQL. You’ll also learn how to use Cloud SQL to create and manage databases and tables, with hands-on practice on additional SQL keywords that manipulate and edit data.
  • Weather Data with BigQuery – In this 45 minute lab, you’ll use BigQuery to analyze historical weather observations, and run analytics on multiple datasets.
  • Insights from Data with BigQuery – Earn a shareable skill badge when you complete this five hour quest. It includes interactive labs covering the basics of BigQuery, from writing SQL queries, creating and managing database tables in Cloud SQL, and querying public tables to loading sample data into BigQuery.
  • The Google Cloud Fly Cup Challenge – This is a three-stage competition in the sport of drone racing in the Drone Racing League (DRL). You will use DRL’s race data to predict outcomes and give performance improvement tips to pilots (these are the best drone pilots in the world!). There’s a chance to win exclusive swag, prizes, and an expenses paid trip to the DRL World Championship. Registration closes on December 31, 2022.

CI/CD

Who it’s for: Software Developers
What you’ll take away: Take part in our most popular #GoogleClout challenge of 2022! Build a simple containerized application.
Level: Fundamental
Start learning now:

  • GoogleClout – CI/CD in a Google Cloud World – Flex your #GoogleClout in this cloud puzzle that challenges you in a lab format to create a Cloud Build Trigger to rebuild a containerized application hosted on a remote repository. Register it in the Artifact Registry and deploy. You’ll be scored on your results and earn a badge to share.

Preparing for Google Cloud certification

Who it’s for: Cloud engineers and architects, network and security engineers and Google Workspace administrators
What you’ll take away: Explore the breadth and scope of the domains covered in the cloud certification exams, assess your exam readiness and create a study plan.
Level: Foundational to advanced
Start learning now:

  • Preparing for Google Cloud certification – These courses are for Associate Cloud Engineers, Professional Cloud Architects, Professional Cloud Network Engineers, Professional Cloud Security Engineers, and Google Workspace Administrators preparing for Google Cloud certification exams. You’ll also earn a completion badge when you finish the course.
  • Preparing for the Cloud Architect certification exam – Join this 30 minute on-demand webinar to learn about resources to maximize your study plan, and get tips from a #GoogleCloudCertified Professional Cloud Architect.

Intro to Google Cloud for technical professionals

Who it’s for: Software Developers
What you’ll take away: Boost your Google Cloud operational and efficiency skills to drive innovation by navigating the fundamentals of compute, containers, cloud storage, virtual machines, and data and machine learning services.
Level: Foundational
Start learning now:

  • Getting Started with Google Cloud Fundamentals – This on-demand webinar takes a little less than three hours to complete. Navigate Compute Engine, container strategies, and cloud storage options through sessions and demos. You’ll also learn how to create VM instances, and discover Google Cloud’s big data and machine learning options.

Intro to Google Cloud for business professionals

Who it’s for: Business roles in the cloud space like HR, marketing, operations and sales
What you’ll take away: A deeper understanding of cloud computing and how Google Cloud products help achieve organizational goals.
Level: Foundational
Start learning now:

  • Cloud Digital Leader learning path -There are four courses in this learning path covering digital transformation, innovating with data, infrastructure and application modernization, and Google Cloud security and operations.

Sustainability

Who it’s for: Software Developers
What you’ll take away: Learn how the cleanest cloud in the industry can help you save your cloud bill, and save the planet.
Level: Foundational
Start learning now

  • A Tour of Google Cloud Sustainability -Work through this one hour, hands-on lab, to explore your carbon footprint data, use the Cloud Region Picker, and reduce your cloud carbon footprint with Active Assist recommendations.

Keep connected and learning with us in 2023

Accelerate your growth on Google Cloud by joining the Innovators Program. No-cost for users of Google Cloud (including Workspace), it’s for anyone who wants to advance their personal and professional development around digital transformation, drive innovation, and solve difficult business challenges.

Continue your learning with Google Cloud in 2023 by starting an annual subscription1 with Innovators Plus benefits. Gain access to $500 in Google Cloud credits, live learning events, our entire on-demand training catalog, a certification voucher, access to special events, and other benefits.

Build your skills, reach your goals and advance your career with 12 no-cost ways to learn Google Cloud!

  1. Start an annual subscription on Google Cloud Skills Boost with Innovators Plus for $299/year, subject to eligibility limitations.

4123

Of your peers have already watched this video.

23:18 Minutes

The most insightful time you'll spend today!

How-to

Securing Remote Workers with Google and Chrome Enterprise

With the proliferation of COVID-19 across the globe, the need for a remote working strategy has become paramount to keep businesses running.

A Gartner survey found that 88% of organizations have asked their employees to work remotely. And 97% of the organizations canceled work-related travel. However, only 10% of the organizations planned to reduce working hours. For us, this shows that despite the prevalence of coronavirus across the world, business demands require that work must go on.

Technologies such as Chromebooks, Chrome Browser, and SaaS applications have helped make this strategy a reality, providing access to critical data wherever employees may be working from during this challenging time.

However, this way of working has created new security challenges for IT departments, who may not be equipped to address these issues.

This session provides a walkthrough of many of Google’s solutions, such as Chrome devices, Chrome Enterprise Upgrade, BeyondCorp Remote Access, and Chrome Browser Cloud Management to ensure your business can keep secure, even in a remote working environment.

Case Study

There are 2 Key Traits You Need to Battle the Slowdown. FM Logistic Know How to Enable Them

6365

Of your peers have already read this article.

4:30 Minutes

The most insightful time you'll spend today!

As companies move forward slowly to recover, many find that two key traits can help accelerate them: Openness and mobility. With over 26,000 employees worldwide, FM Logistic found a neat trick to enable it. And it did not take long to implement.

FM Logistic provides its international customers with complete logistics solutions that cover everything from warehousing and handling, to transport and distribution, co-packing and co-manufacturing, and supply chain optimization. Operating in 14 countries including France, Russia, Poland, India, Vietnam, Brazil, and China, FM Logistic supports its clients by offering specialized services across a number of markets including consumer goods, retail, cosmetics, and health.

“We are in the process of transforming all our tools and integrating new solutions to be able to work faster and more efficiently. Two main IT priorities are mobility and openness, in terms of working from anywhere and being able to interact with other information systems.”

– Communication Manager, FM Logistic

As a business that has existed since 1967 and in 2018 achieved a turnover of €1.178 billion with 9.5% annual growth, FM Logistic is always looking to help secure the company’s position within an evolving sector. To better serve its customers, FM Logistic decided to launch an innovation project in 2017 to transform the internal digital tools of the company and replace its intranet, email, and productivity software. The company looked for an integrated solution that would enable more collaborative ways of working and bring its international operations closer together. The company found that implementing G Suite and LumApps social intranet was the perfect combination.

“We are in the process of transforming all our tools and integrating new solutions to be able to work faster and more efficiently,” says the Communication Manager at FM Logistic. “Two main IT priorities are mobility and openness, in terms of working from anywhere and being able to interact with other information systems.”

A global transformation

For large international companies with global operations, implementing a single integrated solution to enable collaboration across regions while respecting regional variations can be a real challenge.

“We have 26,000 employees spread across a broad geography, with a variation in cultures and technological maturity. There was an aspiration to work in collaboration, but the necessary tools were not in place,” says FM Logistic’s Communication Manager. FM Logistic looked for a solution to enable new, more collaborative work practices, which were flexible in terms of usage and that, most importantly, would work as part of an integrated solution.

To do that, FM Logistic worked with Google Partner Devoteam G Cloud to implement G Suite alongside the LumApps intranet portal. It took six months to complete the migration of 7,000 accounts, with employees accessing the Business or Basic G Suite edition according to their needs. “Before, with our physical infrastructure we found ourselves buying additional hard drives as we ran out of storage,” says the Technical Project Manager at FM Logistic. “That’s no longer a problem, and we can tailor access depending on whether or not employees need unlimited storage .”

“It’s a real advantage to be able to access your account from any device and work from anywhere. Hangouts Meet has been really transformational in that respect: it has reduced the need for travel significantly, even in the few months we’ve been using it so far.”

– Communication Manager, FM Logistic

“We followed Google’s G Suite migration advice and had early adopter ambassadors in every country. By the time we got around to the final country, very little input was needed as they were ready to go!” says the Technical Project Manager. “Many of them were already familiar with the product, so it was very intuitive. Our feedback surveys gave a satisfaction rating of almost 4.5 out of 5 in relation to the transition. We also had significant executive support, with two members of the executive committee on the steering board. That really helped the project to move quickly.”

As a result, employees were quick to understand the benefits of the new system. “It’s a real advantage to be able to access your account from any device and work from anywhere. That was clear from the start,” says the Communication Manager. “Hangouts Meet has been really transformational in that respect: it has reduced the need for travel significantly, even in the few months we’ve been using it so far.”

LumApps: a fully-integrated enterprise hub

One of FM Logistic’s main reasons for choosing G Suite was the seamless integration with LumApps’ intranet portal. LumApps adds value to G Suite, thereby boosting and sustaining employee adoption. FM Logistic chose LumApps to create a hub for its enterprise, where everything is centralized from internal communications to business apps.

“We didn’t want a patchwork of solutions, we needed a platform that worked as an integral whole,” says the Technical Project Manager. “With LumApps, employees access the intranet using their Google authentication and can access all their G Suite tools through the intranet. Moreover, LumApps is Google native, so the integration is seamless and we know that it will evolve to accommodate any changes that might take place.”

“The main advantages we see are communication and knowledge sharing,” says the Communication Manager. “With LumApps, all 26,000 of our employees are now able to access the portal in their own language and access local news.”

For the next step, FM Logistic is considering integrating social communities so that employees can express themselves and be more engaged in the corporate culture.

Supporting digital maturity

Thanks to Drive, employees can now work from wherever they are, and are able to work more efficiently and more collaboratively. “From an administrative point of view, users can benefit from automatic updates, so there is less pressure on the IT department,” says the Technical Project Manager. “And we’re seeing many innovative uses of the tools to work in more efficient ways: many services have gone paperless with Forms, so less time is wasted; commercial agents are using Drive to work together on tenders simultaneously; and with Sheets, tasks are automatically sent from the team manager’s file to employee’s Calendar.”

“G Suite and LumApps are the first step of our digital transformation, in terms of collaboration and moving into the cloud. We have real confidence in our partners LumApps and Google, and we’re investing in those relationships for the long-term benefit of the company.”

– Communication Manager, FM Logistic

Now, FM Logistic wants to further support its employees in exploring all the tools G Suite has to offer. “We are embarking on a second phase to give our employees the skills they need for advanced uses of Docs, Sheets, and Forms,” says the Communication Manager. “It’s a learning curve, but it’s key to our goal of transforming our everyday processes.”

“G Suite and LumApps are the first step of our digital transformation, in terms of collaboration and moving into the cloud. We have real confidence in our partners LumApps and Google, and we’re investing in those relationships for the long-term benefit of the company.”

More Relevant Stories for Your Company

Case Study

The Tech Behind Goibibo’s Amazing Collaboration Tool That Employees Love

Founded in 2007 and entering the travel market in 2009, Goibibo has grown to support 21 million users, 98% of whom are based in India. “We specialise in domestic Indian bookings and outbound bookings for Indian residents looking to travel to other countries,” explains Vikalp Sahni, Co-Founder and Chief Technology

Blog

Google Cloud’s Journey about Building DEI into Business

Diversity, equity, and inclusion (DEI) are more than buzzwords, they are critical components of workplace culture that have real, tangible impacts on your entire organization. Well-executed and robust DEI initiatives ensure that every single employee feels welcomed and valued when they are at work. And that’s not all—done right, DEI

Blog

How Google Workspace Helps Manage, Govern and Protect Sensitive Data

The shift towards a hybrid work style and trends accelerated by the pandemic has resulted in data deluge. With companies and individuals sharing increasingly large volumes of information and collaborating with internal and external stakeholders, the need for innovations for higher security also escalates. View this video to learn how

Blog

How Google Maps Platform Boosts Domino’s Operations and Fast Growing Franchise across Indonesia

Editor’s note: Today’s blog post is from Mayank Singh, Chief Digital Officer and VP Marketing and IT at pizza delivery group Domino's Indonesia. He explains how Google Maps Platform is enabling their business to optimize their operations and supporting the franchise's ambitious expansion strategy in one of the world's most

SHOW MORE STORIES