Biometric bias in the transgender and non-binary community
Tuesday 22 November 2022
Digital identity verification technology provider Mitek, explores how the issue of biometric bias impacts the transgender and LGBTQ+ community and why facial recognition isn’t always the only answer. Facial recognition software is a booming industry, with a market size that’s expected to grow from an estimated value of USD 3.8 billion in 2020 to USD
Dear fintech community: Kate’s meal appeal – you can still donate
Monday 21 November 2022
Kate’s Meal Appeal – you can still donate Kate’s Meal Appeal, the latest fundraiser from Comms for Good, launches at FTT with a bang, raising over £2000 and kicking off a year-long campaign to support charities that tackle food waste and feed our communities. Kate’s Meal Appeal enjoyed a spectacular launch at the Fintech
- Published in Blog
Voice biometrics are here: Is your business ready?
Tuesday 01 November 2022
Recent technology advances have proven to be a double-edged sword. AI algorithms help with everything from cancer screenings to wildlife conservation. Yet, the same tools that enable positive life-changing experiences can also provide fraudsters new tools and capabilities. For example, the methods used for identity theft are becoming increasingly sophisticated. Malicious actors can combine personally
- Published in Content
Out of the box: Banking-as-a-Service is going modular
Tuesday 18 October 2022
It’s been more than 15 years since American Banker questioned whether turnkey “bank-in-a-box” products were too rigid. The article, “Weighing Customization Against ‘Bank-in-a-Box’ Solutions,” describes the frustration of financial institutions that wanted flexibility. “If a community bank requires major platform changes, switching the technology altogether can be less cumbersome than modifying the existing platform.” One of the
- Published in Blog
Building Societies and the Great Digital Migration
Tuesday 11 October 2022
Pioneered by digital innovators like WeChat, Alipay and Grab, the rise of all-in-one applications is showing no sign of slowing down. It’s not difficult to see the value of frictionless so-called super apps where users can do everything from order takeaway food, hail a taxi, pay utility bills and play games. Customers don’t have to
- Published in Blog
Opportunities in the recession for Fintechs
Tuesday 11 October 2022
The entrepreneurs who believe that big challenges present big opportunities have found themselves in the right place at the right time. With inflation running hot and the Federal Reserve raising rates, small business confidence has never been lower. Over 70% of small business owners taking part in the CNBC/SurveyMonkey Small Business Survey said the U.S. economy is
- Published in Blog
Spotlight Europe: At the end of the beginning? Where are we with open finance?
Tuesday 27 September 2022
Few innovations have made as big an impact as open banking has across the financial ecosystem in recent years. Thanks to the use of open application programming interfaces (APIs), a comprehensive framework that enables third-party developers to build applications has been created. A range of consumer banking details can be shared, with consent, to unlock
- Published in Blockchain, Blog
Boosting savings with payments
Tuesday 06 September 2022
New Research: Digital Payments and the New Opportunity to Increase Savings (Charvi Gandotra, Senior Strategy and Innovation Manager, Commonwealth) The adoption of digital payments solutions, including peer-to-peer apps, digital wallets, and contactless payments apps, has seen significant growth since the start of the COVID-19 pandemic. In fact, 59% of Americans now use more apps to
- Published in Blog
Rethinking financial services to unlock inclusive DeFi
Tuesday 05 July 2022
The traditional banking systems in place across the world have served billions of people and allowed them to save, invest and borrow for decades. But there are also billions of people who have been left behind as the conventional banking offering fails to meet their needs and they find themselves being excluded from the global
Zumo launches pioneering full-stack B2B crypto solution
Tuesday 31 May 2022
Zumo, the Edinburgh-based crypto wallet and payments platform, has announced the launch of Zumo Enterprise, its new B2B ‘Crypto-as-a-Service’ solution that enables companies to offer crypto products and services to their customers. The first of its kind in the UK, Zumo Enterprise is the market’s only full-stack, embedded crypto solution. Zumo Enterprise allows fintechs and
- Published in Blog, Content, Fintech, Innovation