Banking


What is the future of digital cash?

The recent World Economic Forum (WED) report “Sweden could stop using cash by 2023”, says that the country is moving towards favouring cards and mobile payment apps. Yet retailers are expected to accept cash for at least a couple of years afterwards.

Jaywing the Archetype with new AI risk tech launch

Risk and data science firm Jaywing has unveiled Archetype, a new risk technology product that uses artificial intelligence (AI), machine learning and deep neural nets to help lenders generate statistical models.

E-book: Realizing value in mortgages with eSignature

Closing more loans and realizing revenue more quickly is every lender’s goal. But if you’re operating with costly, time-consuming paper-based processes, that goal will be impossible to achieve. The only viable option is to part ways with paper and partner with a digital solution.

WePay to power payments for Volusion

Having finalised its acquisition of WePay, JP Morgan Chase announced that it has already put the payments platform to work: powering commerce platform Volusion, reports Finovate (Banking Technology’s sister company).

Fintech funding round-up: 1 December 2017

Who doesn’t love a trilogy? Following on from the round-ups on Thursday (30 November) and Tuesday (28 November) here’s another slice of fintech funding action. Features Deposit Solutions, Hanson Robotics’ Sophia, and BNP Paribas Asset Management. Germany’s Deposit Solutions, an open banking platform for deposits, has closed an investment round of $20 million led by […]

Using the web to access online banking? Who is protecting the browser side?

To date, there hasn’t been a way to understand if online users are being compromised or to be sure precisely what they are seeing whilst visiting and interacting with a web page. We know that endpoint security and anti-viruses fail and online users can be infected even with all the precautions that they may take. Server-side security is now very mature and excellent progress has been made in that particular field.

Fintech funding round-up: 30 November 2017

Quickly following on from Tuesday’s (28 November) funding round-up, here are more stories from a cash-drenched world. Features 1QB Information Technologies, FinTecSystems, Betalo, Nordea and Constellation Digital Partners. 1QB Information Technologies (1QBit), a quantum computing firm based in Vancouver, has closed a CA$45 million ($34.9 million) Series B round comprising equity and revenue contracts. This […]

FIS seeks API effect with Code Connect

FIS has unveiled Code Connect – an online gateway that allows its clients and third-party developers to access FIS APIs for use in developing and testing new solutions. With APIs more popular than free alcohol at a fintech conference, FIS joins the masses seeking to capitalise on the API fever. Code Connect includes more than […]

Bankers and retailers – will we see roles switch? Or simply morph into a single discipline?

Technology is having a tremendous impact on the way communities shop so changes are more or less expected as we see these shopping mall operators push back on so many dire predictions being made about them. But can they change and yes, could these changes lead to a greater overlap with banking as it exists today? Do we even need differentiation between the two and yes, will they both be able to keep us satisfied when it comes to access to our cash?

BehavioSec’s behavioural biometrics right match for Crossmatch

BehavioSec has partnered with identity management firm Crossmatch in a deal that will add keystroke capture to Crossmatch’s composite authentication platform, DigitalPersona, reports David Penn at Finovate (Banking Technology’s sister company). “We selected BehavioSec’s platform because they are singularly focused on behavioural biometrics and have well-established and proven technology that already serves more than 35 million end […]

Validata lands core banking testing deal in US

Validata has inked a deal with a large US bank to deliver quality assurance for the bank’s Temenos T24 core banking transformation project. Banking Technology understands this is Commerce Bank.

ING has a thing for data analytics

ING Wholesale Banking has set out its plans to increase investments in data analytics and put more resources into Asia and the Americas. It’s very early days as its ambitions and goals offer no real specifics. Stats and timelines are like good service in shops in the UK – i.e. almost nowhere to be seen. […]

Interview: Nadish Lad, Volante – destiny and dreams

In an exclusive interview with payment specialist Volante Technologies, Nadish Lad, director – head of payments product, explains the firm’s foundation, vision and its key unique selling propositions (USPs).

Blockchain and Bitcoin round-up: 21 November 2017

From major crimes to KYC times. Our latest blockchain and Bitcoin round-up features Tether, Metal, Deutsche Bank and IBM. Digital currency firm Tether is feeling under the weather as it has reported that “funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker”. The amount is a rather large […]

Configo launches cloud environment

Digital sales and engagement firm Configo is taking its technology to the cloud. The company is making its Live Experience Platform – which gives FIs the ability to create customer-centric, personalised digital experiences – available as a Software-as-a-Service (SaaS) solution, reports David Penn at Finovate (Banking Technology’s sister company). Until now, Configo’s platform was installed on-premise. The new cloud […]