Month: February 2020

Explore the RegTech Revolution

ZignSec launches new anti-money laundering product as the RegTech company views global markets

The Swedish RegTech company ZignSec has rolled out a new anti-money laundering (AML) product as the Nordics are still dealing with the fallout of a massive banking scandal. The identity verification venture, which went public in 2019, made the announcement at an event hosted by Sthlm Fintech Week on Monday, February 10. “This product will…
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21st February 2020 0

Lithuania’s fintech sector now fastest growing in EU

Lithuania is home to the fastest-growing fintech sector in the European Union, and the second-fastest growing in Europe, behind only the UK. A study carried out by Invest Lithuania and Rockit Vilnius, which looked at the state of fintech in 2019, reveals an impressive 24 per cent increase in the number of Lithuanian companies operating in…
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20th February 2020 0

Apple Pay is on pace to account for 10% of all global card transactions

Apple’s mobile wallet is gobbling up a growing chunk of card payments around the world. As the service grows, it’s becoming a greater challenge to rivals like PayPal and attracting the attention of competition watchdogs. Apple Pay accounts for about 5% of global card transactions and is on pace to handle 1-in-10 such payments by…
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19th February 2020 0

Mode deploys selfie biometrics and ID document checking from Onfido for top compliance and user experience

Onfido has been selected by Mode, a fintech app that allows users to trade bitcoin, to provide automated identity verification with document analysis and facial biometrics to ensure full compliance with KYC requirements and seamless user experience for European citizens using the service, the company announced. Mode is leveraging Onfido’s AI-enabled identity verification technology during…
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18th February 2020 0

Why 67% of companies fear they can’t sustain privacy compliance

True privacy depends on where and how data travels. Data privacy management and protocol got a facelift with the enactments of the General Data Protection Regulation and the California Consumer Privacy Act. Many companies failed to meet compliance standards in time for GDPR. And for companies that met the deadline, 67% fear they won’t be able to…
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17th February 2020 0

Fenergo raises $80M at an $800M valuation for compliance and other fintech services aimed at banks

Europe has emerged as a key region for hatching and scaling fintech companies. And today, one of the more prominent fintech startups is announcing a large round of funding, from a mix of strategic investors, to keep growing its business. Dublin-based Fenergo builds solutions for banks and other financial management companies to help with regulatory…
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14th February 2020 0

Starling Bank raises £60 million

Starling Bank, “the leading UK digital bank,” has raised £60 million from its existing investors, Merian Global Investors and JTC. The investment will bring the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019. Starling has opened 1.25 million accounts for consumers…
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13th February 2020 0

Revolut rolls out Open Banking tool

Revolut has launched an Open Banking feature, giving UK customers the ability to see their bank accounts from other providers from within the challenger’s app. Revolut teamed up with financial API specialist TrueLayer to enable all of its retail and business customers to see balances and transactions from other high street and challenger banks. Retail…
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12th February 2020 0

InfoComply Launches Compliance and Data Privacy software Platform2.0 to Address New Regulations Worldwide

Consumer data privacy and corporate compliance management firm InfoComply announced today a new version of the company’s software platform, providing upgraded tools for companies seeking compliance with international security and privacy regulations, including the General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), and Brazil’s New General Data Protection Law (LGPD). ___________________________________________________________ Consumer data…
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10th February 2020 0

Municipality of Zermatt Now Accepts Payments in Bitcoin

The municipality of Zermatt, in cooperation with Bitcoin Suisse, announced that it will accept Bitcoin as a means of payment for local taxes and official transactions with immediate effect. A point-of-sale solution provided by Bitcoin Suisse has been installed in the Zermatt town hall, so that fees for services from local authorities can be paid…
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7th February 2020 0