Home /

Blog Archives

Video panel: the future of finance

Bloomberg convened a peer community of C-level technology executives and senior decision-makers to examine how financial services leaders are embracing digital transformation to improve business continuity, modernize processes and navigate mounting challenges. Watch this fascinating panel discussion to gain some interesting insights into how the COVID-19 pandemic is driving digital …

Read More »

What banking will look like after the pandemic

As we emerge from the COVID-19 crisis and look to the future, we can clearly see that banking will be very different than it was before. Perhaps most obviously, banking will move increasingly into online spaces as the measures taken to combat the spread of COVID-19 are exposing a greater …

Read More »

How COVID-19 could reshape China’s banking industry

With COVID-19 seemingly somewhat under control in China, the country’s banking industry is examining the damage and preparing for difficulties. In particular, the aftermath of the crisis is expected to test lenders’ resilience with a more than 50% increase in non-performing assets at the same time as a halving in …

Read More »

5 ways FinTech startups are adapting to the COVID-19 pandemic

We’re now living in a new macroeconomic narrative, one with major changes taking place nearly every day. To survive in such conditions, it’s necessary to be flexible. Unsurprisingly, FinTechs are already starting to adapt to the new realities. Here’s 5 important things FinTechs are doing to survive and come out …

Read More »

FinTech lenders’ difficulties in the current pandemic

Many FinTechs lenders find themselves in a precarious position as uncertainty mounts over whether or not millions will be able to pay back their loans due to the impact of COVID-19. This is especially concerning for FinTech lenders that provide personal loans, which tend to be the lowest priority for …

Read More »

COVID-19’s impact on P2P lending

COVID-19 has caused a significant downturn in economies around the world, impacting the personal finances of millions worldwide. This, in turn, has had a major effect on P2P lending. In fact, many P2P investors have made the equivalent of a bank run on P2P platforms to recover their funds, leading …

Read More »

Top 8 ways COVID-19 is (and will) impact the payments industry

Thus far, the global payments industry has proven resilient to the effects of the COVID-19 pandemic, but the industry is far from immune. In the short term, payment providers will need to prepare to adjust to new realities by adapting their operating models to be more flexible. The long-term impact …

Read More »

BFC FinTech Monitor 17th – 24th April

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World Anonymous sources have revealed that Google is planning to simplify online shopping by issuing its own debit card, which will most likely to be connected to a user’s …

Read More »

Technology’s influence on compliance

Compliance was once viewed solely as a tool to ensure regulatory compliance, but it has quickly become an integral element of corporate culture. Much of this change in perspective is due to the advent of new technological solutions. For example, compliance was once a largely manual process that could take …

Read More »

The case for creating enriched digital identification processes

As the world heads toward an increasingly digitized economy, there are more and more choices for how individuals and businesses consume financial services. But in working toward this future and its seemingly inevitable integrated digital ecosystem, some important issues remain unresolved. Perhaps one of the most important is developing efficient …

Read More »

Are biometrics foolproof?

Biometrics has become a USD 14 billion industry, largely driven by the rise of biometric security in mobile technology. In fact, 57% of apps today feature a biometric login option, and many are now choosing biometrics as the way to verify their identities or approve payments. But is the safety …

Read More »

7 typical use cases for biometric technologies in the modern world

Biometrics takes advantage of the unique biological characteristics of people to identify and authenticate individuals in a reliable and fast way. Here are 7 typical use cases for biometric technologies that best exemplify the promise of biometrics: Law enforcement and public safety – an automated biometric identification system (ABIS) can …

Read More »

Digital identity predictions for 2020

A number of companies with biometric, digital identity and cybersecurity space have shared their digital identity predictions for 2020. Here are the top 4: The biometrics market will continue to grow. The growth forecasts in the latest set of market analyst reports indicate an increase in the widespread adoption of …

Read More »

Understanding the total cost of multi-factor authentication solutions

With technology constantly evolving, many organizations are choosing to deploy multi-factor authentication solutions rather than two-factor authentication solutions because of the increased protection it provides their business. Multi-factor authentication requires users to authenticate themselves with something that they have (e.g. a mobile device), something that they know (e.g. a PIN) …

Read More »

Biometric eKYC solutions on the rise throughout the Asia-Pacific

Fraud has been an increasing issue for many Asian-Pacific countries, leading many financial institutions in the region to seek out the merits of adopting technology-based solutions for identification, especially ones that also have the added benefit of enabling enrollment through faster, easier and lower-cost digital channels. In such a context, …

Read More »

How machine vision can transform financial services

Machine vision is slowly but surely making inroads in the financial sector, with many financial institutions already examining its potential to make life easier for both consumers and financial institutions themselves. Here are some the most important ways machine vision is likely to transform financial services:  Know-your-customer (KYC) processes – …

Read More »

Pay with a smile

Imagine the convenience of being able to go up to a kiosk and simply smiling to order and pay for your food. So-called “pay-with-a-smile technology” is not just the dream of science fiction authors, it has become reality for millions. From KFC locations in China to CaliBurger restaurants across California …

Read More »

5 major uses for biometrics in the banking industry

With biometric solutions all the rage, it’s only appropriate to also look at how biometric solutions can be applied to the banking industry. Here are 5 major banking uses for biometric solutions: Know your customer – one of the most significant on-boarding steps for financial institutions is to be able …

Read More »

Biometric mobile wallets: an inevitability?

Biometric solutions are infiltrating every aspect of our lives, and biometric mobile wallets (using face, fingerprint and/or retina scans as authorization mechanisms) seem more and more like an inevitability. As more and more people become comfortable with using their bodies as a means of identification, biometric payment solutions will also …

Read More »
  • Categories

  • Main topics