Tagged: digital technology

December 7, 2024 @ 2:28 pm By Omar Faridi  |  

Entrust, a global enabler of trusted payments, identities, and data security, announces a partnership with PetProov, an online platform that verifies pet buyers, breeders, and adopters. The collab will equip the PetProov platform with the Entrust Onfido identity verification (IDV) to bring “transparency, accountability, and… Read More

December 4, 2024 @ 11:02 pm By Omar Faridi  |  

When it comes to cybercriminals and threat vectors, “expect the unexpected.” Experian’s Data Breach Industry Forecast noted while sharing key predictions for 2025 covering a range of potential trends with AI at the forefront including growing sources of threats such as “AI-savvy teens and fresh… Read More

December 3, 2024 @ 1:05 pm By Omar Faridi  |  

Nationwide, which claims to be the UK’s largest building society is the first major lender to reportedly use Experian Work Report in order to verify applicants’ income, removing the need for manual income proofs. Mortgage applications are set to become “speedier” after Nationwide joined forces… Read More

November 28, 2024 @ 11:21 am By Omar Faridi  |  

Organizations must prepare for the growing risk of unplanned technology outage events, driven by a rise in cloud service provider outages and an increased frequency of industry-wide Single Point of Failure events, CyberCube has cautioned. CyberCube, a provider of advanced cyber risk analytics, stated in… Read More

November 20, 2024 @ 9:32 pm By Omar Faridi  |  

CBInsights has released that aims to highlight key technology trends moving forward, as we prepare for 2025. CBInsights has looked at the future of LLMs, caregiving humanoid robots. crypto’s so-called “baby steps” and other important innovations. CBInsights data has uncovered a number of high-potential emerging… Read More

November 14, 2024 @ 9:21 pm By Omar Faridi  |  

DTCC’s FICC reportedly enhances VaR calculator capabilities, as firms Prepare for the U.S. Treasury Clearing Requirements. New Cross Margining and Repo calculator functionalities will enhance Users’ understanding of risk management and margin requirements. The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for… Read More

November 6, 2024 @ 8:11 am By Omar Faridi  |  

Swift, UBS Asset Management, and Chainlink have completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would reportedly enable digital asset transactions to settle with fiat payment systems across more than 11,500 FIs, across 200+ countries and territories…. Read More

October 27, 2024 @ 4:44 pm By Omar Faridi  |  

Visa (NYSE: V), a firm focused on digital payments, announced it is working jointly with the United States Agency for International Development (USAID) to improve access to digital government systems. Following the launch of USAID’s Digital Policy, Visa and USAID will work together to develop… Read More

October 25, 2024 @ 8:37 am By Omar Faridi  |  

Hedera announced the launch of the Mainnet v0.54 Release. Hedera noted in a blog post that they are constantly working to improve the network and deliver the “best possible” user experience for enthusiasts, developers, and enterprises. As covered, Hedera is described as a public, open-source,… Read More

October 25, 2024 @ 8:30 am By Omar Faridi  |  

Mastercard (NYSE: MA) has reportedly announced the expansion of its Product Express platform in an effort to help fintechs accelerate the launch of new card programs and other payment solutions. After the roll-out in Latin America earlier in 2024, Product Express now enables fintechs to… Read More

October 20, 2024 @ 7:00 pm By Omar Faridi  |  

The Banco Central do Brasil (BCB) recently released a list of the thirteen themes selected for the second phase of the Drex Pilot, the Brazilian Digital Real. The Executive Management Committee (CEG) reportedly selecte the subjects from 42 different proposals that had been submitted. A… Read More

October 17, 2024 @ 8:21 am By Omar Faridi  |  

CSD Prague reportedly received its first European DLT register approval. The Central Securities Depository (CSD) claims that is focused on leading innovation in the European capital market with the introduction of DLT (Distributed Ledger Technology). This technology has the potential to significantly enhance the financial… Read More

October 14, 2024 @ 8:16 am By Omar Faridi  |  

Experian UK&I has recently announced an AI-powered data solution ‘Hazard Tags’ which will help with the transformation of underwriting processes in the commercial insurance sector. As explained in the update from Experian, manual underwriting methods can be time-consuming for insurers and can often lead to… Read More

October 13, 2024 @ 1:55 pm By Omar Faridi  |  

Citi (NYSE:C) announced that Citi Token Services for Cash has moved from a pilot program to a live commercial solution, facilitating transactions for institutional clients. This marks a key milestone in Citi’s journey to deliver real-time transaction banking services to some of its global clients…. Read More

October 11, 2024 @ 6:49 pm By Omar Faridi  |  

Matrixport, which claims to be one of the world’s “one-stop” crypto financial services platforms, officially launches its latest “Official Channel Verification” feature. Users are now reportedly able to visit the verification page anytime in order to verify their accounts via multiple channels. This is said… Read More

October 11, 2024 @ 2:41 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by Transparent AI, is pleased to announce its collab with RSM US LLP, which is the provider of assurance, tax and consulting services for the middle market. RSM has reportedly used Akur8’s Reserving solution for a number… Read More

October 8, 2024 @ 3:34 pm By Omar Faridi  |  

Experian Consumer Services announcing a partnership with Oakbrook, a non-bank consumer lender, to offer debt consolidation loans on the Experian Marketplace by reportedly using Paylink’s ReFi tech. This recently announced collaboration is said to mark a significant milestone in improving financial inclusion and unlocking access… Read More

October 4, 2024 @ 11:28 am By Omar Faridi  |  

Numerated, the AI-enhanced commercial lending platform, announced its partnership with Alloy, the identity risk management company working with various banks and fintech companies, to deliver fraud checks within commercial lending. This partnership will aim to support Numerated’s lending automation capabilities by combining risk management with… Read More

September 28, 2024 @ 10:43 am By Omar Faridi  |  

New World ID has reportedly launched now in Guatemala, Malaysia and Poland come at pivotal moment for AI. As explained in a blog post by WorldCoin, World ID orb verifications have been officially introduced across three new countries this week: Guatemala, Malaysia and Poland. The… Read More

September 17, 2024 @ 9:48 am By Omar Faridi  |  

Chainlink, the industry-standard decentralized computing platform, and ZKsync, an ever expanding verifiable blockchain network secured by math, announced that Chainlink CCIP, the industry-standard cross-chain protocol, is now live on ZKsync’s Era Mainnet. This is the next phase between Chainlink and ZKsync, and is “in line… Read More