The man who invented an early form of text messaging for fixed line networks while working at BT believes that in the future people will use words and gestures to pay for transactions, ditching payment cards altogether. (more…)
Security
Category
Trulioo Launches ID Document Verification With Facial Comparison Technology
By LTP
rulioo and Mitek join forces to offer a comprehensive global identity verification solution for fraud prevention and AML/KYC compliance (more…)
Credit Karma now helps users find unclaimed cash
by Ryan Lawler for Techcrunch.com
Since being founded a decade ago, Credit Karma has worked to help users better understand their credit scores and improve their financial health. Today the company is launching a new product that helps find unclaimed money they might not even have known was owed to them. (more…)
Rabobank and Signicat launch Digital Identity Service Provider
Rabobank and Signicat are entering the Dutch identity market together by providing digital services to businesses, supporting them in servicing their clients. (more…)
BNP Paribas Fortis adheres to PSD2now with The Glue
By The Glue
Today, The Glue, a leading provider of next generation infrastructure solutions for financial institutions, launches PSD2now, designed to support the Payment Services Directive 2 (PSD2). (more…)
Biometric Mobile Payments Set To Explode In 2017
Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. (more…)
MarketInvoice joins UK FinTech Financial Crime Exchange
MarketInvoice, the world’s largest peer-to-peer online invoice finance marketplace, has joined the UK FinTech Financial Crime Exchange (FFE), a joint initiative by think tank RUSI and risk consultancy FINTRAIL, launched today. (more…)
Goldman Sachs Celebrates First Retail Year and Its Online Deposit Platform
By PYMNTS
After a full year in service, Goldman Sachs Bank USA is celebrating its first full year in retail and its online deposit platform’s success. (more…)
Odeabank’s mobile security challenge
Turkey’s Odeabank achieved all-round security for its mobile banking apps by using Vasco’s Digipass for Apps software development kit. (more…)
Digital Identity for the Digital Ecosystem
By LTP Identity garners a lot of attention, particularly in financial services. LTP continues to follow identity trends around the world, ask questions, and help you keep a pulse on what’s happening. We’re very excited to be knowledge partners of the K(NO)W Identity Conference and hope to see you in Washington DC on May 15th. (more…)
UK financial fraud data for 2016 published
By Financial Fraud Action
Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, an increase of 2 per cent on the previous year, figures from Financial Fraud Action UK show. (more…)
YC alumnus Smyte raises $4 million to counter online attacks
By BÉRÉNICE MAGISTRETTI for Venture Beat
Smythe, which provides software to stop scams, fraudulent activities, and compromised accounts from disrupting the web, has secured an additional $4 million in funding. (more…)
Banks and Tech Firms Battle Over Something Akin to Gold: Your Data
By Nathaniel Popper for CNBC,
The big banks and Silicon Valley are waging an escalating battle over your personal financial data, including the amount you spent on dinner last week and how much you are paying for your mortgage. (more…)
Cybersecurity Focused VC Firm Trident Capital Cybersecurity Closes First Fund, at $300M
By FinSMEs
San Mateo, CA-based cybersecurity focused venture capital firm Trident Capital Cybersecurity (TCC) closed its first fund, at $300m. (more…)
Singapore’s FinTech Industry Is on the Way to Global Leadership
By Elena Mesropyan for LTP
“Singapore has established an enviable position as a leading Asian financial technology center with an exciting innovation ecosystem, a great talent pool and fantastic infrastructure. It also boasts a business-friendly environment so it was therefore an obvious winner when considering locations for new headquarters for our global operations,” said, Yoshio Tomiie, Head of Commerce at Senjō Group, a privately held investment firm, at the unveiling of the company’s new global HQ in Singapore. (more…)
Monero, the Drug Dealer’s Cryptocurrency of Choice, Is on Fire
By Andy Greenberg for Wired
FOR THE CRYPTOCURRENCY community, 2016 was a very good year. Bitcoin doubled in price. The far-out Bitcoin alternative Ethereum shot up by a factor of 10. But another, once-obscure cryptocurrency called Monero outpaced all of them, multiplying its value around 27-fold. (more…)
Are the Capabilities of Smart Contracts Overblown?
By Milos Dunjic for LTP
Smart contracts are discrete computer program units, which are deployed inside blockchain network nodes. Once they are ready for deployment, the one-way hash value of the code is calculated and digitally signed. (more…)
Chinese fintech startup Wecash makes foray into Indonesia through joint venture
By Kevin McSpadden for e27
The goal is to be a go-to place for SME loans as Indonesia’s middle class continues to boom. (more…)
Blackstone’s Jay Leek joins Florida VC firm to manage $300 million security fund
By BÉRÉNICE MAGISTRETTI for Venturebeat
Rumors have been spreading lately about where Jay Leek, former managing director and chief information security officer (CISO) at Blackstone, will be heading next. His pick? ClearSky, an under-the-radar venture capital firm based in Palm Beach, Florida, where he will be managing a $300 million fund dedicated to cybersecurity. (more…)
Myanmar’s CB Bank to double size of ATM network
By Finextra
Co-Operative Bank Limited (CB Bank) in Myanmar has awarded Diebold Nixdorf an extensive contract for systems, software and services to expand its self-service cash offerings beyond the country’s main commercial hub Yangon. (more…)
Could Regulators perform AML in a Blockchain World?
By Hari Subramanian for Finextra
Before you say “that is a crazy idea”, stop and think. It sounded crazy to me as well but after some thinking I have concluded that it has merits. Here’s why. (more…)
Hottest FinTech Trends for 2017
By YapStone for LTP
When the media talks about FinTech, more often than not, the leading headline is a bold statement, like “the FinTech revolution,” or “the big bank disruption,” and it’s easy to see why. Dubbed by the Economist as a “magical combination of geeks in T-shirts and venture capital,” the growth and influence of FinTech have been rapid. (more…)
The Journey to Invisible Authentication
By Elena Mesropyan for LTP
There is little to no doubt that passwords are on their way out of use and relevance with more advanced solutions taking over the market. But no matter what comes next, the most advanced solutions that are increasingly gaining attention and traction are making one major change in ensuring cybersecurity – they introduce invisible, non-interrupting methods of continuous authentication. (more…)
FinTech Story: Hits and Misses From 2013 to 2016 and the Way Forward
By Amit for LTP
We have watched 35+ FinTech segments through the ups and downs every single day in the last 3.5 years at LTP. We developed a lot of listening tools and an army of analysts to catch everything in FinTech like a radar. Somebody told us that we have one of the biggest team of FinTech market analysts and that could very well be true. In 2016, we developed MEDICI from the data that we collect, and that contains 6000+ FinTech startup profiles and research across segments. It’s my pleasure to share what we learned about FinTech shift by analyzing some of the data and also talking to hundreds of entrepreneurs and FIs in-person in the last couple of years. (more…)
SpareBank 1 adds risk-based authentication to Nets 3D Secure programme
By Finextra
The SpareBank 1 Alliance has expanded its cooperation with Nets on 3D Secure to include Risk-Based Authentication (RBA). This solution enables quicker and easier online shopping for SpareBank 1’s personal customers without compromising on security. (more…)
Insurers tap cyber security ratings to limit liabilities
By Hannah Kuchler for Financial Times
New breed of start-ups aims to assess strength of companies’ defences against hackers. (more…)
