Wed.Dec 02, 2020

Remove banking-2020-digital-banking
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Device ID Helps Fight Holiday Fraud Amid Record Online Shopping

PYMNTS

At a time when COVID-19 has seen global eCommerce and digital traffic grow by nearly 70 percent, security experts have braced for a commensurate surge in online fraud as the holiday shopping season continues. He said that more consumer interactions with digital channels and platforms simply means more crime. and European banks.

Fraud 215
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Bitcoin Daily: BlockFi, Visa To Offer Card With Bitcoin As Rewards; Crypto-Based Event Aims To Raise $1 Million For Charity

PYMNTS

Puth will work to expand Centre’s reach and its membership from beyond crypto finance firms to financial services and payments firms like banks and FinTechs, according to the post. The USDC’s circulation has grown nearly 500 percent in 2020 to almost $3 billion, according to the blog. “I

Bitcoin 151
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eKYC – Why Malaysian Banks Must Act Now!

FICO

In December of last year, the Malaysian National Bank, Bank Negara, issued a consultation document about their intention to allow eKYC in the applications process for a wide range of financial products. The news is promising, with 78 percent of Malaysians saying that they would open a financial account digitally.

Survey 72
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Mitek CEO: Digital Identity Must Accelerate During Pandemic

PYMNTS

Since the earliest days of human existence, the concept of trust has presented unique interpersonal challenges that are as trying in the digitized world of the 21st century as they were for ancient civilizations. Doing Digital ID Right. Tech Can’t Stand Still.

Fraud 256
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Will Smith, Justin Timberlake among investors in digital bank Step

American Banker

The challenger bank aimed at Gen Z and counts singers, sports professionals, a social media personality and fintech executives among its investors.

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Online lending startup Amount raises $81M in round led by Goldman

American Banker

The tech firm spun off by Avant, which licenses its lending software to banks, has now raised $140 million this year.

Lending 50
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Challenger bank Digit takes on robo-investing

American Banker

As it does with savings, Digit's algorithm calculates how much users can siphon off their earnings into retirement without missing the funds.