What can blockchain technology do for financial services in a friendly regulatory environment? With a new president coming in 2025, the ecosystem is about to find out. Donald Trump has promised to the industry that he — the U.S. Securities and Exchange Commission (SEC) under...
As the Major League Baseball (MLB) postseason kicks off this week, the league hopes to expand its facial recognition entry program known as Go-Ahead Entry. “Go-Ahead Entry is a completely optional, fast and easy, hands-free, free-flow entry experience, where fans don’t need to stop or...
The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to tailor what they offer. Within open banking — no matter the use case, but especially for pay by bank —...
There are over 8 billion people alive on earth, and their growing expectations around frictionless and secure digital experiences are continually transforming payments and commerce. Underpinning that is the emerging need for a digital identity layer. With the news that Google Wallet on Thursday (Sept....
October 01, 2024
The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to tailor what they offer. Within open banking — no matter the use case, but especially for pay by bank — account verification, and in some cases continuous validation, is a […]
September 16, 2024
Emerging markets like Brazil and India are no longer just emerging. When it comes to advances like the digitization of financial services, these countries are frequently leapfrogging legacy landscapes from...
September 12, 2024
First, digital wallets came for paper cash, credit cards and the leather billfold. Now, as they become more prevalent across end-users’ daily lives, gaining traction as a convenient and secure...
September 05, 2024
Fraudsters, like consumers, love a good deal. And the gig economy, estimated to be worth half a trillion dollars in 2023 and employing 38% of the U.S. workforce, is becoming...
November 13, 2024
Law enforcement is warning U.S. banks about the danger of AI-powered identity fraud schemes. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an alert Wednesday (Nov. 13) to help financial institutions spot scams associated with the use of deepfake media created using generative artificial intelligence (GenAI). “While GenAI holds tremendous potential as a new […]
September 03, 2024
The Democratic Republic of the Congo has reportedly canceled what would have been one of the most expensive digital identity projects ever executed. The country canceled the $1.2 billion project amid...
August 29, 2024
Block is working with the U.S. government to promote the use of digital identity tools. The FinTech conglomerate announced Thursday (Aug. 29) that it was working with the National Cybersecurity...
July 22, 2024
Biometrics firm IDEMIA has teamed with Samsung to bring mobile IDs to Iowa. The collaboration, announced in a news release Monday (July 22), allows Iowa residents to store their mobile...
