Tagged: digitalization

June 10, 2023 @ 4:36 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and NAPS, a Moroccan fintech company, have announced a collaboration to develop various payment solutions for individuals as well as business organizations. The new partnership aims to consolidate the solid historical relationship between the two entities. NAPS says it is on a… Read More

June 8, 2023 @ 8:37 am By Omar Faridi  |  

After more than a decade of significant investment in mobile apps and websites, many U.S. banks and credit card providers have mastered the basics of digital transaction management and are now turning their attention to more advanced “super tools.” According to a series of recent… Read More

June 7, 2023 @ 7:43 pm By Omar Faridi  |  

Trulioo, a global identity verification platform, today released new capabilities that cement its position as the premier source for automated business and person verification workflows. The latest update bolsters Trulioo global leadership by “expanding geographic coverage and localization for person verification and further automating business… Read More

June 7, 2023 @ 8:52 am By Omar Faridi  |  

Sella is launching the “Artificial Intelligence Business Incubator”, which is described as the the initiative aimed at startups, researchers, entrepreneurial teams, university spin-offs and companies “with projects based on AI technologies in the financial services sector.” “Artificial Intelligence Business Incubator” is currently underway, the international… Read More

June 5, 2023 @ 1:15 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity proofing, risk assessment and compliance solutions, released the Jumio 2023 Online Identity Study, the second installment of its annual global consumer research, conducted by Censuswide. This year’s results highlight “an understanding among consumers around how generative AI and… Read More

June 4, 2023 @ 5:29 pm By Omar Faridi  |  

Mortgage entrepreneur, Ying Tan, will reportedly take the position of CEO at Habito (subject to Financial Conduct Authority approval) and aim to become a significant shareholder in the business. This update comes as Habito, the digital mortgage broker and home-buying service, finalizes its most-recent round… Read More

June 3, 2023 @ 11:11 am By Omar Faridi  |  

Kasisto, creators of KAI, the digital experience platform for the financial services industry, announced the launch of KAI-GPT, the world’s first banking-specific large language model (LLM), designed to address the industry’s unique needs for accuracy, transparency, trustworthiness and customization. Powered by KAI-GPT, KAI Answers is… Read More

May 31, 2023 @ 7:08 pm By Omar Faridi  |  

NameCheck anti-fraud technology to be offered to government, financial services firms as CommBiz customers get use of new service from now. Commonwealth Bank plans to offer its NameCheck anti-scams technology “to government organizations and other financial service companies that process payments in Australia as part… Read More

May 29, 2023 @ 1:26 pm By Omar Faridi  |  

The British Business Bank announced a Call for Proposals as part of the launch of the government’s Long-term Investment for Technology and Science (LIFTS) initiative. It seeks proposals from industry “for the establishment of new funds or investment structures to crowd in UK institutional investment,… Read More

May 29, 2023 @ 1:24 pm By Omar Faridi  |  

Eltropy, the digital conversations platform for community financial institutions, is excited to announce that Cyprus Credit Union has chosen Eltropy as its new partner to modernize the credit union’s digital communication strategy. Ashish Garg, co-founder and CEO of Eltropy, said: “We’re thrilled to welcome Cyprus… Read More

May 28, 2023 @ 8:44 pm By Omar Faridi  |  

Abu Dhabi Islamic Bank (ADIB) has reportedly become the first bank in the UAE to provide small and medium-sized enterprises (SMEs) “with convenient remote account opening services through a mobile app by deploying Emirates Face Recognition (EFR) technology.” This new feature will “allow businesses to… Read More

May 25, 2023 @ 3:32 pm By Omar Faridi  |  

Vespia, an AI-powered Business Verification Service for verifying and onboarding business customers that helps minimize the risk of fraud, has highlighted the significance of business verification for non-AML obligated firms, like supply chain, digital commerce, as well as the sharing economy. Vespia explains that by… Read More

May 23, 2023 @ 6:37 pm By Omar Faridi  |  

In today’s digital age, financial institutions are increasingly “moving their services online,” according to an update from Jumio. However, with this “comes the risk of fraud and identity theft, which can have severe consequences for both the financial institution and the consumer.” This is “where… Read More

May 23, 2023 @ 12:17 am By Omar Faridi  |  

Talos, the “premier” provider of institutional digital assets trading technology, has acquired D3X Systems, a developer of institutional technology to support systematic investment strategies. The D3X platform “enables investors to apply the advanced portfolio engineering techniques, tried and tested in traditional capital markets, to digital… Read More

May 22, 2023 @ 10:02 pm By Omar Faridi  |  

The team at Blend (NYSE:BLND) says they have always believed that their customers are “best positioned” to win in a downturn when “leveraging technology that helps save costs, grow market share, and innovate faster.” Today they are seeing this “play out in practice with their… Read More

May 21, 2023 @ 1:10 pm By Omar Faridi  |  

Temenos (SIX: TEMN) launched a fully-Integrated front-to-back, mortgages solution with a smart decision engine powered by Explainable AI, “helping lenders to deliver a personalized digital mortgage experience while reducing their costs and time to close.” The solution “enhances productivity and reduces delinquencies for the lenders… Read More

May 17, 2023 @ 4:52 pm By Omar Faridi  |  

CertiK, the New York-based blockchain security company, and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced the signing of a partnership to provide blockchain security services to cloud-based Web3 projects. Web3 developers can now “accelerate their development process and secure their… Read More

May 15, 2023 @ 12:20 pm By Omar Faridi  |  

Clear Capital, a national real estate valuation technology company, announced an expansion of its partnership with ValueLink, a valuation management platform, to increase support for appraisal modernization policy changes. ValueLink customers now “have access to Clear Capital’s proprietary Universal Data Collection (UDC), which ensures fast… Read More

May 14, 2023 @ 9:59 pm By Omar Faridi  |  

PayNearby, which claims to be one of India’s leading branchless banking and digital networks, launched PayNearby Mall—a meta commerce platform to enable easy availability of good and services, in an assisted mode at the last mile. This will soon be “integrated with the Open Network… Read More

May 14, 2023 @ 3:47 pm By Omar Faridi  |  

Quantum Brilliance, the developer of room-temperature miniaturized quantum computing products and solutions, today announced the first quantum software reseller agreement through PTC, a Singapore-based provider of enterprise data management solutions and services to Asia. The agreement enables PTC customers “to explore hybrid classical-quantum computing for… Read More