According to recent report by Forward, China is currently the largest consumer in the global face recognition device market, thanks to its booming facial payment sector
Bitcoin Events is pleased to announce Binance as Premier Sponsor of the Blockchain Africa Conference 2020
In the world we live today, mobile communication is a cardinal tool of economic development, growth and integration, and the mobile industry is a key enabler of productivity across economies and societies.
After years of unsuccessful attempts to enter China’s massive $27 trillion payments market, Mastercard announced today it has won approval from the People’s Bank of China (PBOC) to begin formal preparation to set up a bank card clearing institution in China. The news is a significant step toward Mastercard being able to do business in China, where large, domestic players currently dominate.
Klarna has acquired the Italian buy now, pay later startup Moneymour and established a new product development hub in MIlan.
Chicago, February 3: Chief Claims Officers from Allstate, Liberty Mutual, State Auto, Kemper, Prudential and more will speak at the Connected Claims USA 2020 Summit on June 24-25, 2020. (https://events.insurancenexus.com/connectedclaimsusa
Expectations for 5G are high, with many assuming it will deliver a transformative promised land, adorned with an improved end-user experience, new business models, new applications and new services all gliding beautifully on the back of gigabit speeds, improved network performance & reliability. Its services have been forecasted to deliver very significant economic gains.
SoftBank’s mega-investments made a splash in markets around the world last year, including in the UK’s burgeoning fintech sector: The Japanese company’s $100 billion Vision Fund led two deals that accounted for a quarter of the capital raised by the country’s financial startups.
TECHNOLOGY is redefining the finance industry, and the mushrooming of fintech companies is arguably the best example of this. Through innovation, fintech companies open up a host of opportunities to better a customer’s experience by providing a wide array of services.
Europe has emerged as a key region for hatching and scaling fintech companies. And today, one of the more prominent fintech startups is announcing a large round of funding, from a mix of strategic investors, to keep growing its business.
Varo Money is poised to become a full-fledged bank, making it the first of a new wave of fintech upstarts to win that approval in the US. The company’s long and expensive journey through a thick barrier of regulation is a reason why America’s banks have repelled the tech disruption sweeping through other industries.
Revolut, the European banking and money transfer app that now claims over 10 million customers, has partnered with open banking API provider TrueLayer to add bank account aggregation features to its app.
German fintech startup N26 is shutting down its operations in the U.K. Customers who opened a bank account in the U.K. will have to transfer their deposits, spend everything with their card or withdraw money at an ATM, as all accounts will be automatically closed on April 15, 2020.
Agenda revealed for Digital City Expo on Digital City Festival website - see when all the leading speakers are taking to the stage at the two-day event.
The investment brings the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019.
Sending money from one country to another — either because you are a business paying someone for a service, or a family member working abroad and sending money back home, or something in between — is a huge business, worth some $700 million annually. Today, a London startup called Currencycloud, which has built a set of remittance APIs that let any financial business integrate money transfer services into its platform, is announcing that it has raised $80 million to tap into that opportunity, and to help take on the Western Unions of the world.
For insurance carriers, automation can be a dangerous game as customers demand both a frictionless, automated claims process and access to understanding claims handlers. How do you find the right balance?
The insurance industry is facing the challenges of disruption caused by the technological advancements in artificial intelligence (AI) and machine learning (ML). Insurance carriers are now able to know more about their customers than ever before.