Banking
Now hop on to SmartDeposit, the new feature from Betterment that offers an automated investing solution for excess cash in your bank account.
Another 12 banks have joined the blockchain consortium led by startup R3 CEV.
The cost of misconduct is defined here as costs borne by banks in connection with imposed penalties, paid settlements, costs of regulatory proceedings, customer compensation, and other relevant costs.
The financial services industry is still finding its footing in open banking.
Ripple announced today that several global banks are joining forces to establish the first interbank group for global payments based on distributed financial technology.
In FinTech, as in many other areas of technology, there has been a focus on making legacy products more mobile, more transparent, and less expensive.
The largest financial institutions in the US have been involved in one way or another in bringing artificial intelligence into operations and customer-facing functions.
Machine learning is one of the most important and powerful types of AI. Blind straight algorithms can never be as beneficial for businesses and society as the ones that can learn and adapt to inputs and trends.
As payment technology evolves, FinTech startups are more imaginative in making money-handling easier for consumers.
While it is hard for a first-world millennial to imagine not paying bills or rent online or not having money in a savings account, there is a massive portion of the world’s population that doesn’t even have that opportunity.
The PSD2 (Revised Payment Service Directive) – going to be implemented across SEPA (Single Euro Payments Zone) in 2018 – will bring about many changes to how financial services are delivered to customers.
BBA, Payments UK, the Council of Mortgage Lenders, the UK Cards Association, and the Asset Based Finance Association are set to merge their efforts to create a more substantial lobbying power, backed by nine British banks, including HSBC, Lloyds and Barclays, and building society Nationwide.
Trusted by 1,000+ leading companies to reduce fraud and improve consumer experiences, Prove is the world’s most accurate identity verification and authentication platform.
