article thumbnail

Mastercard touts security of new account-opening solution

BankInovation

Mastercard has launched an enhancement to its Open Banking Account Opening solution to make it more secure as clients increasingly go digital.

article thumbnail

Amex, Santander Explore FinTech Using API

PYMNTS

The patent allows Amex, for example, to use blockchain to make a payment and receive a merchant identifier using the same secure, encrypted technology that would store the information on the same device. Patent and Trademark Office earlier this month for a blockchain-based proof of payment technology. In another example, Santander U.K.

Fintech 117
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tech Cos Confront The Ethics Of AI

CB Insights

Artificial intelligence is having a growing impact on our health, education, security, and economy. According to CB Insights data, the top three industries that have seen the most AI deals in the last five years are healthcare, security, and fintech. In some cases, AI is even a matter of life and death. Healthcare.

Google 69
article thumbnail

Former Worldbank CEO On ClearBank’s New Core Banking Infrastructure And Driving FinTech Innovation

PYMNTS

In May 2007, Voice Commerce, the voice biometrics company he founded in 2003, launched VoicePay, the consumer-facing application of the company’s secure voice-initiated transactions processing platform. that resulted in the reduction in the number of clearing banks to four, the incredible rise in FinTech innovation in the U.K.

article thumbnail

Legacy Banks Embrace APIs To Counter Competitive Cycle

PYMNTS

Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market. L ate last month, Santander U.K. billion. . Switch, Inc.,

article thumbnail

Modern Card Issuer Marqeta Is Going Public. Here’s What It Means For Payments Tech & Issuer Innovation

CB Insights

FREE DOWNLOAD: STATE OF FINTECH q1’21. Demand for modern card issuing and open APIs is growing : Many of Marqeta’s fintech competitors, including Adyen and Stripe , are adding card issuing and API integration products as more businesses clamor to give customers payment cards to boost revenue and loyalty. . First name.

Cards 73
article thumbnail

Instant payments more mainstream than ever, but at what cost?

Insights on Business

Collectively and as individuals we ask a recurring question – what kind of personal privacy and financial security are we willing to risk and sacrifice for the ultimate convenience of our mobile devices? Investing in mobile payment security to fight cybercrime. Enter the mobile fraud detection and prevention industry.