Prove

With effect from January 13, 2018, the EU member states implemented PSD2 in their national regulations.

On June 28, 2019, the Monetary Authority of Singapore (MAS) announced that it would issue up to five new digital-only bank licenses.

Prove’s Amit Goel on CNBC-TV18 sharing insights on the rise of ‘Buy Now, Pay Later’ regulatory and fraud concerns.

Technologies such as facial recognition are used to identify trafficked individuals at major airports, but it’s incredibly challenging to acquire a database of images of missing people.

Cloud and mobility are enabling the next generation of banking and commerce experiences. Cardless ATMs and withdrawing cash without cards are great examples of such innovations.

The rise of the ever-growing relationship between technology and financial services is bringing significant changes to the banking industry, which is becoming a battleground where competition is developing to be increasingly multifaceted.

Cryptocurrencies seem to be taking a special place in the minds of financial industry professionals as a wide range of cryptocurrencies have reached quite a significant market capitalization and turnover over the past year.

Because of the existing challenges and relative immaturity of the existing blockchain implementations, there is an urgent need to refocus the blockchain community toward standardizing blockchain technology APIs for application development.

Digital banking has gone mainstream, but it has become the only point of contact between banks and their customers in many cases.

While financial institutions are still in the early stages of adopting AI technologies, intelligent machines are expected to become the most defining for the future of institutions in the financial services and insurance industries.

FinTech is not a disruptive force (and blockchain is not a disruptive technology). Instead, it’s the history of institutional banking repeating itself.

There is much more in the payments space that has a more significant impact yet gets less talked about. We look at some of these segments today in this article.