At SIBOS 2019, industry experts will be discussing how the financial services sector is in the vanguard of deploying AI on a global scale and whether the technology will be a transformative force or has the potential to act as an existential threat. While the reskilling revolution is sweeping across the financial ecosystem, there is also a growing need for digital ethics that will ensure that major financial institutions efficiently […]
article by Cornel Vintila, Chairman of the Board of Aurachain. Mr. Vintila will deliver a keynote speech on „Disruptive business models of the future” at international fintech conference – Banking 4.0. The question of where mankind is going is a difficult one to understand, with an even more difficult answer in light of evolving technology. We can attempt to map the dynamic landscape of some of these technologies to understand where we […]
SoftPOS enables Samsung mobile devices to be used for contactless transactions for any amount with no additional equipment. First Data, now part of Fiserv, a leading global provider of payments and financial services technology solutions, together with Visa, a global leader in digital payments, and Samsung Electronics, will showcase the company’s new Software Point of Sale (SoftPOS) solution during IFA 2019. IFA is Europe’s largest technology fair and the leading […]
Klarna, the leading global disruptor of payments and banking, and provider of smoooth retail services, announced it has raised $460 million in an equity funding round, at a post money valuation of $5.5 billion. This investment follows a funding round in April of this year that closed above the company’s $100 million target. This new valuation ranks Klarna as the largest private fintech in Europe and as one of the largest private […]
Finastra announced that it has launched a tailored, Securities Financing Transaction Regulation (SFTR) reporting tool that will help banks prepare for the April 2020 deadline. „Built on Finastra’s existing Regulatory Reporting solution and based in the cloud, it meets banks’ need for fast, automated trade reporting, and will help them reduce time and costs associated with data capture and compliance.”, according to the press release. Michael Henssler, General Manager Treasury and […]
As more and more banks open their APIs before the September 14 deadline, Salt Edge has added another one hundred to the list of its connected open banking APIs in the EU, making it 400+ integrations. Gaining more speed along the open banking trajectory, just in the last two weeks Salt Edge has added a hundred more APIs and after the big number of 300+ in August has already integrated with 400+ […]
Almost three months before the start of the international fintech conference – Banking 4.0, NOCASH presents the list of the first experts from abroad who have confirmed the participation to the event. In the selection of speakers, the organizers sought to cover all areas of interest when analysing the topic of open banking: from regulatory authorities and associations representing segments of the financial services industry, banks, fintechs, IT companies, TechFin […]
The requirement of Strong Customer Authentication (SCA) for payment service providers was scheduled for 14 September 2019. Germany’s Federal Financial Supervisory Authority (BaFin), however, just announced it will not insist on SCA-rules to be followed immediately to avoid disruption for payments online. As a temporary measure, payment service providers domiciled in Germany will still be allowed to execute credit card payments online without strong customer authentication after 14 September 2019. […]
. The new digital bank licences will be extended to non-bank players. . Applicants for the digital full bank licence must additionally be anchored in Singapore, controlled by Singaporeans and headquartered in Singapore. . Interested parties have until 31 December 2019 to submit their applications. The Monetary Authority of Singapore (MAS) expects to announce the successful applicants in mid-2020. Successful applicants will be expected to commence business by mid-2021. SINGAPORE’S […]
The Swiss Financial Market Supervisory Authority FINMA has published guidance on how it applies Swiss anti-money laundering rules to financial services providers supervised by FINMA in the area of blockchain technology. FINMA has also issued banking licences to two new blockchain service providers. FINMA recognises the innovative potential of new technologies for the financial industry. It applies the relevant provisions of financial market law in a technology-neutral way. „However, blockchain-based […]