BankTech

The Right UX Makes All the Difference in Banking

As the father of Apple said, “You‘ve got to start with the customer experience and work back toward the technology – not the other way around.” The wisdom has been loyally contributing to the success of the iPhone maker and is probably one of the main paradigms of this year...

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Authentication & Security

How to Prevent Mobile Payments Fraud

Some estimates suggest that fraud attacks on US online merchants rose 11% after the October 1, 2015, EMV liability shift. In absolute numbers, the value of fraudulent online transactions is expected to balloon from $10.7 billion last year to $25.6 billion in 2020. It appears that the EMV transition had the...

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Fintech

CashCodes®: Send and Receive Cash From Your Phone to an ATM

A Dublin-based startup has recently received €300,000 in seed funding for its potentially explosive new ATM-based international P2P cash payment platform. CashCodes® utilizes recent advances in “Emergency Cash” ATM technology to allow users to send and receive secure codes that can be used to withdraw actual cash instantly, from any...

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InsurTech

The Future of Insurance Is InsurTech

The insurance sector has entered a phase of profound transformation. Numerous InsurTech startups have popped up to challenge the traditional model by generating more than 16 billion dollars in the last year from insurance companies. I believe that we will see a completely changed insurance sector in the medium term....

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Fintech

MAS and ABS Kick off Inaugural Singapore FinTech Festival

Singapore, 14 November 2016 – The inaugural Singapore FinTech Festival kicked off today with a series of events that aim to portray the future of a financial industry transformed by innovation and technology. The week-long Festival is organised by the Monetary Authority of Singapore (MAS), in partnership with The Association of...

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InsurTech

MetLife Launches "Collab": The InsurTech Accelerator

US$100,000 contract for winning startup to implement their solution Singapore, November 14, 2016 – LumenLab, MetLife’s Singapore-based innovation center, is pleased to announce today the launch of Collab – a three-month program that supports “product ready” startups as they tackle the business needs of tomorrow. Through this unique forum, InsurTech...

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BankTech

The Current Indian Currency Demonetization Is Not a Tectonic Change by Itself, but Has the Potential to Usher in Tectonic Changes Through Sustained Initiatives!

The Government of India took a bold decision to demonetize INR 500 and INR 1000 notes and replace them with notes of newer denomination and also introduce notes of INR 2000. This herculean initiative, that involves exchange of Rs 14 lakh crores (USD 206 bn) was trending worldwide on the...

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Cloud

The Value of the Cloud in Financial Services

Cloud-based services are known to be driving operational efficiency and significantly decrease costs of running any business. With financial services, however, the journey to the cloud has been more complicated than for other industries due to a variety of reasons, risk management and security concerns being some of them. Nonetheless,...

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