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Infograph: The incredible growth of FinTech
FinTech remains a hot topic in 2018. However the first “FinTech” was first devised in 1918 by the US Federal Reserve. Its taken a long time to wind up, but since 1998 (PayPal launch) the FinTech movement has gone exponential. This infograph made by 16best.net tracks that meteoric rise.
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Google parent company Alphabet launches cyber security company
Google’s parent company Alphabet says it is launching a cyber security company using technology created in its research and development arm called X. Chronicle will try to give organisations a much clearer view of their security situation by combining Google’s strengths in machine learning with large amounts of computing power and storage. The new company [...]
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An interview with Worldline CEO Gilles Grapinet: PSD2 – a goldmine of opportunities
On January 13 the Revised Payment Services Directive, PSD2, came into force across the EU. Worldline’s CEO Gilles Grapinet speaks in a new interview about the huge opportunities for banks, large retailers, and FinTechs with PSD2, and especially points out that the banks need to realise that only complying with the PSD2 can lead to [...]
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Future of European Fintech Alliance statement on the final Regulatory Technical Standards (RTS) on strong customer authentication
The Future of European Fintech Alliance, consisting of 72 European FinTechs, challenger banks and FinTech associations, has taken note of the final Regulatory Technical Standards (RTS) on strong customer authentication and secure communication under PSD2 adopted by the European Commission. The text constitutes a workable compromise between the interests of the incumbent banking industry on [...]
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Major UK retailers unaware and unprepared in the face of PSD2
New research has revealed that major UK retailers are unaware, unprepared and paralysed ahead of the Second Payment Services Directive (PSD2) set to go live on January 13th. The research, from Consult Hyperion and tech PR consultancy CCgroup, notes that PSD2 requires banks to grant third-party providers – including retailers – access to a consumer’s bank account [...]
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