Authentication & Security

Trulioo Verifies IDs in MENA to Expand Mobile Money Remittances

Trulioo’s GlobalGateway API provides instant identity verification in 50 countries via 200+ independent and reliable data sources Vancouver, B.C. – (July 12, 2016) – Trulioo, the leading global identity verification company, today announced that its flagship identity verification solution, GlobalGateway, now covers the Middle East and North Africa (MENA) to...

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BankTech

Walmart Pay Rolls Out Mobile Payments Chainwide in the US

It hasn’t been even two weeks since the death of CurrentC and Walmart’s Wednesday announcement looks like an additional kick to the barely-breathing body of MCX. The second largest retailer in the world announced the nationwide rollout of its mobile payment solution, Walmart Pay, in the US. Over the past...

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BankTech

Blockchain and Financial Inclusion for Citizens in Poverty

Since its appearance, blockchain technology hasn’t left headlines with an increasing number of use cases and applications. It seems nearly every global financial institution nowadays is involved in blockchain-related initiatives one way or another. As the LTP team has been reviewing the blockchain ecosystem for quite a while now, we have seen...

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BankTech

Alternative Lending: Every Silver Lining Has a Cloud

The alternative lending industry went from an explosive growth, a goldmine for banks, to the cause of hot discussions over the viability of the very business models in the FinTech family. Some of the largest alternative lenders have been originating loans at such a pace that any bank can marvel...

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BankTech

Evolving Role of Payments in a Customer-Centric World

Money, and the idea of its exchange through payments, has evolved a lot from the time of its inception. From goods to grains, from metal coins to paper, from bank accounts to e-wallets, money has taken various shapes, sizes, and forms. Think about how we evolved from a barter system...

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BankTech

Robo-Advisors: The Power of Algorithms in Investment Management and Beyond

Although some suggest that consumers resist robo-advisors, over the past years, the technology has been attracting substantial attention and investments. Financial decision-making is increasingly reliant on algorithms applied to wealth management, personal finance management, investment management, risk assessment and other areas of the financial services industry. Rapidly advancing robo-advisors allow...

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Authentication & Security

Cybersecurity Company Darktrace in $65 Million Fundraise to Accelerate Global Expansion in Round Led by KKR

TenEleven Ventures, SoftBank-affiliated fund also join existing investors Invoke Capital and Summit Partners Singapore, July 7, 2016 – Darktrace, a provider of enterprise cyberthreat defense software, announced today that it has raised new growth equity financing, led by KKR, a leading global investment firm, with participation from existing investor Summit...

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BankTech

Less Than 1% of the US Population Uses P2P Loans

The rapidly growing P2P lending market in the US was able to reach the pockets of a surprisingly small fraction of the US population: the most recent estimations by FICO suggest that less than 1% of the US population is borrowing money from P2P/marketplace lenders. Although P2P lending still seems...

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BankTech

Can Singapore Become the Ultimate FinTech Hub of the APAC Region?

Singapore can be considered one of the gems of the global financial services industry ecosystem with ~200 banks with total assets of $2 trillion having operational headquarters in Singapore. IT procurement budgets of these banks reached $485 billion in 2014. With global trends towards tight collaboration among traditional financial institutions...

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