Issuing & Acquiring RSS
Biometric authentication – are you and your money safe?
Most big high street banks are beginning to use biometric authentication to give customers a more convenient way to check their account balance or make payments. However, one big question remains unanswered: is it safe? A cyber security expert from consultancy NCC recently visited the Financial Times to give a demonstration of how to hack [...]
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Understanding the PSD2 regulation – everything you wanted to know
The revised Payment Services Directive (PSD2 regulation) is set to bring payments in Europe to the next stage of development; it is a data and technology-driven Directive that aims to help develop a unified payment services sector that better fosters competition, innovation and security of internet payments and account access. In a new White Paper [...]
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Consumer demand for banks to adopt biometric authentication doubles
Demand for different types of biometric authentication has risen significantly since 2014, with iris scanning moving ahead of fingerprint technology to the top of the 2016 Future Password Index (FPI). The second iteration of the FPI revealed that 60% of consumers would consider using iris scanning technology in 2016 compared to just 33% two years [...]
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Half of global banking customers now using FinTech – World FinTech Report
Half of banking customers across the globe are using the products or services of at least one FinTech firm[1], according to the first World FinTech Report (WFTR) from Capgemini and LinkedIn, in collaboration with Efma. The inaugural report quantifies and tracks customer response to the rise of FinTechs, includes the views of financial services industry [...]
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42 banks join Japanese Blockchain for payments consortium
SBI Ripple Asia, a joint venture between distributed ledger tech provider Ripple and SBI Holdings, announced in August that a Japanese consortium of 15 banks in a new network will use Ripple’s Blockchain for payments and settlement. It had anticipated about 30 member banks joining by March 2017, but it got plenty of responses from [...]
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