This post is part of our live coverage of FinovateSpring 2014.

“Quisk is the first company to be sanctioned by a central bank for an all-digital bank account with complete and secure banking functionality. Quisk is demonstrating various use cases from its cloud-based digital services and transaction-processing platform. 

The patent-pending Quisk technology utilizes the consumer’s mobile phone number and secured PIN to create and access a new type of payment account, domiciled at a bank or other financial institution. Quisk enables special transaction processing and balance limits to facilitate compliance with Know Your Customer (KYC) and state-of-the-art risk management.”