The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to tailor what they offer. Within open banking — no matter the use case, but especially for pay by bank —...
There are over 8 billion people alive on earth, and their growing expectations around frictionless and secure digital experiences are continually transforming payments and commerce. Underpinning that is the emerging need for a digital identity layer. With the news that Google Wallet on Thursday (Sept....
Emerging markets like Brazil and India are no longer just emerging. When it comes to advances like the digitization of financial services, these countries are frequently leapfrogging legacy landscapes from a financial technological perspective. This has put companies on their back feet, Brad Rosenfeld, chief...
Google Wallet on Thursday (Sept. 12) unveiled enhanced features to improve the travel and commuting experience. Starting soon, per a Thursday Google blog post, U.S. users can create digital IDs from their passports for use at select TSA checkpoints, making domestic travel more convenient. The...
October 01, 2024
The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to tailor what they offer. Within open banking — no matter the use case, but especially for pay by bank — account verification, and in some cases continuous validation, is a […]
September 16, 2024
Emerging markets like Brazil and India are no longer just emerging. When it comes to advances like the digitization of financial services, these countries are frequently leapfrogging legacy landscapes from...
September 12, 2024
First, digital wallets came for paper cash, credit cards and the leather billfold. Now, as they become more prevalent across end-users’ daily lives, gaining traction as a convenient and secure...
September 05, 2024
Fraudsters, like consumers, love a good deal. And the gig economy, estimated to be worth half a trillion dollars in 2023 and employing 38% of the U.S. workforce, is becoming...
September 03, 2024
The Democratic Republic of the Congo has reportedly canceled what would have been one of the most expensive digital identity projects ever executed. The country canceled the $1.2 billion project amid warnings of cost overruns and possible funding irregularities, Bloomberg reported Tuesday (Sept. 3). Richard Ilunga, director general of the Democratic Republic of the Congo’s National Office […]
August 29, 2024
Block is working with the U.S. government to promote the use of digital identity tools. The FinTech conglomerate announced Thursday (Aug. 29) that it was working with the National Cybersecurity...
July 22, 2024
Biometrics firm IDEMIA has teamed with Samsung to bring mobile IDs to Iowa. The collaboration, announced in a news release Monday (July 22), allows Iowa residents to store their mobile...
June 23, 2024
The European Union (EU) is getting closer to rolling out its digital identity wallet. As the European Commission (EC) noted on its website recently, the wallet “will be a secure...
