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Social KYC: far easier than passports and utility bills

Chris Skinner

I just received a white paper about Social KYC from Fintech startup Veridu. The idea is to use our social media profiles to authenticate and onboard as a new 21st century KYC process.

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Watson Marketing Delivers a Competitive Edge that Financial Institutions can Bank On

Insights on Business

The worldwide banking industry experienced profound challenges during the Great Recession of 2008-2009. Pressures stem from a myriad of sources: competition from fintechs; unrelenting regulatory environment; associated costs of compliance (or non-compliance!); While the global economy has improved, the pressure on banks is unabated.

Marketing 156
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Who says you can’t save your way to prosperity?

Insights on Business

The landscape for banks and brokerages today shows significant improvement from the global financial crisis of 2008 – 2009. This type of cost-cutting does little to address the emergence of fintechs, which have rapidly gone from trivial annoyance to strategic threat.

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The 2018 GonzoBanker Awards

Gonzobanker

We’ve simultaneously disdained and feared the fintechs, artificial intelligence and blockchain consortia. Timing is everything, and Feiger knew that after tripling the stock price since the 2009 downturn, it was time to get the shareholders a solid payback. Banks Leveraging Fintechs Award. The Fintech That Roared Award.

Fintech 102
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France’s Groupe BPCE Acquires Munich-based Fidor Bank

Fintech Labs Insights

Munich-based Fidor Bank was founded in 2009, and has 350,000 members and 120,000 customers in Germany and the U.K. ” Earlier this month in Wired magazine, Fidor was profiled as “the fintech bank run by its customers.” .” Kröner, whose bank expanded to the U.K.

Groups 12
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Finovate Alums Populate RegTech Top 100 Power List

Fintech Labs Insights

To measure “power”, Planet Compliance used an algorithm that measured a company’s activity in the media, as well as online and in social media including Facebook, LinkedIn, Twitter, and Wikipedia. Founded in 2009. Founded in 2009. Headquartered in Zurich, Switzerland. million in funding. (8)

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CBANC Launches New Features to Further Engage Network of Professionals

Fintech Labs Insights

Works like a social media feed by allowing users to post information, photos, and interact with other users by following their feeds. The platform, which launched in 2009, enables users to collaborate with other industry professionals and share information on policies & procedures, vendor management and vendor product ratings.

UX 12