Tag: Digital assistants

Explore the RegTech Revolution

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

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

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

PayPal highlights Venmo profit strategy

PayPal reports that peer-to-peer payments tool Venmo is on a path to profitability. In a fourth-quarter earnings report Wednesday, PayPal CEO Dan Shulman told investors the company is pushing ahead on its Venmo monetization strategy. Key enablers include Pay with Venmo, which allows consumers to use the tool to pay at millions of e-commerce sites.…
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4th February 2020 0

Mastercard turns to AR to visualize loyalty benefits

Payments giant Mastercard launched a new augmented reality (AR) app this month that lets cardholders get a bird’s-eye view of their benefits. It’s a move that the company hopes will drive engagement and loyalty, and add value to the offerings of its partner financial institutions. “At Mastercard, we’re using our technology and solutions to deliver multisensory…
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14th January 2020 0

US blockchain firm Securrency secures $17m funding

Fintech and regtech infrastructure firm Securrency has picked up Series A funding of $17.65 million for its blockchain-fuelled ambitions. WisdomTree Investments led the round. Other participants include the Abu Dhabi Investment Office through its Ventures Fund, Japanese financial services company, Monex Group, and venture capital firms RRE Ventures, Strawberry Creek Ventures, and Panthera Capital Investments,…
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8th January 2020 0

13 Changes Coming To The Banking Industry

Very few industries have a long history and stability the banking industry has enjoyed. Banks depend on the firm trust of their customers, and as a result, change usually takes a long time. However, in recent years, members of the banking sector have realized that evolution is necessary if they are to remain relevant in…
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7th January 2020 0

Temenos adds wealth management apps to Temenos Infinity for Retail Banking

Temenos adds wealth management apps to Temenos Infinity for Retail Banking, broadening services to increase retail banks’ competitiveness Robo-Advisor and Goal-Based Investing bring a fast-to-market, personalized, digital wealth experience to retail banking customers GENEVA, Switzerland – December 18, 2019 – Temenos (SIX: TEMN), the banking software company, has strengthened its cloud-native, cloud-agnostic Temenos Infinity for…
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19th December 2019 0

Security in the supply chain – a post-GDPR approach

A year and a half after the introduction of the EU’s General Data Protection Regulation, Fieldfisher’s James Walsh reviews the fundamentals of supply chain security. Not that long ago, businesses were rushing to put in place contractual terms with their processors to comply with the General Data Protection Regulation’s (GDPR’s) requirements for the appointment of…
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18th December 2019 0