Tagged: customer data

February 2, 2023 @ 11:54 pm By Omar Faridi  |  

A report published by Mobey Forum’s Digital Identity Expert Group has identified unique opportunities for banks “to leverage their position as custodians of personal data to offer value-added digital identity services and become brokers of trust in the digital economy.” The report suggests “that for… Read More

January 25, 2022 @ 10:38 pm By Omar Faridi  |  

The team at HYPR reveals that they’re pleased to confirm that they’ve successfully completed SOC 2 Type 2 and ISO 27001 compliance and audit initiatives “along with obtaining ISO 27017 and ISO 27018 compliance certifications.” As noted by its management, HYPR allows customers to finally… Read More

December 19, 2020 @ 5:09 pm By Omar Faridi  |  

The developers of blockchain platform Ontology have teamed up with Litentry in order to accelerate the adoption of decentralized identity and credit scoring solutions (both created by Ontology). Through the partnership, both organizations aim to offer greater data privacy and transparency to people using digital… Read More

November 21, 2020 @ 9:40 pm By Omar Faridi  |  

Nandan Nilekani, the Chairman at InfoSys, recently noted that French expertise could help with establishing an Aadhar-like system in order to make data more accessible to everyone. The Aadhaar system provides a 12-digit unique identity number that may be obtained voluntarily by India’s residents or… Read More

November 19, 2020 @ 9:01 am By Omar Faridi  |  

Prominent digital bank Revolut has confirmed that it will support Open Banking for its customers in Germany. According to a release, the new Open Banking features will allow Revolut’s German customers to easily connect their accounts at Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse with… Read More

November 14, 2020 @ 2:44 pm By Omar Faridi  |  

LexisNexis Risk Solutions and UK-based Fintech firm Nuggets will be working together to support the implementation of self-sovereign digital identity (SSI) solutions. According to a release shared with CI, SSI solutions are one of several emerging technology-led innovations that are beginning to transform how businesses… Read More

October 19, 2020 @ 9:00 am By Omar Faridi  |  

Paul Grewal, Chief Legal Officer at Coinbase, says that trust is built through “transparency and honesty.” Grewal, the former VP and Deputy General Counsel at Facebook, writes in a blog post that as Coinbase continues its journey toward becoming the “most trusted” venue for traders… Read More

September 24, 2020 @ 8:57 pm By Omar Faridi  |  

Michele Tucci, Chief Product Officer at CredoLab, a Fintech firm that’s focused on driving better credit decisions with the help of its platform, explains that his company has a strategy that may help US lenders with coming out of the COVID-19 pandemic “stronger than before.”… Read More

September 18, 2020 @ 7:33 pm By Omar Faridi  |  

Lizzie Chapman, CEO and co-founder at ZestMoney, which claims to be one of the largest and fastest-growing Fintech firms in India, recently discussed what she considers the future of lending in a post COVID world. She acknowledges that this has been one of the most… Read More

September 18, 2020 @ 12:42 pm By Omar Faridi  |  

John Izaguirre, the Business Director, Europe at Ontology, a high-performance or high-throughput blockchain platform, believes that privacy is a basic human right. Izaguiree notes that data is becoming a very important topic for both individuals and companies. However, he believes that the Internet is still… Read More

September 16, 2020 @ 7:35 am By Omar Faridi  |  

Luxembourg based Fintech firm LUXHUB has partnered with Zürich-headquartered Swiss Infrastructure and Exchange (SIX) Group AG, the operator of Switzerland’s stock exchange. According to a release, the SIX Group will be using LUXHUB’s Open Banking technology. As mentioned in the announcement: “SIX continues to invest… Read More

July 27, 2020 @ 5:18 pm By Omar Faridi  |  

Dave.com, which aims to be the finance version of David and Goliath taking on the big banks and “helping millions with money challenges,” has confirmed that a security breach took place on its platform. Dave, which claims to have “reinvented” many areas of traditional finance,… Read More

April 7, 2020 @ 3:02 pm By Omar Faridi  |  

UK-headquartered Privitar, a data privacy company, has secured $80 million in funding through a Series C investment round led by Warburg Pincus. ABN Amro Ventures, the VC division of ABN Amro, the third-largest bank in the Netherlands, also took part in Privitar’s latest round. Accel,… Read More