Category: digital currencies

The data says it takes 7-10 years for startups to build real value, possibly longer without external capital. I can celebrate that Daily Fintech has come a long way from a single blog post in 2014; but I also know that we have a long way to go. On our 5th birthday we chose to de-emphasise the…

PayPal launched a small business credit card this week. The PayPal Business Cashback Mastercard is PayPal’s first business credit card. PayPal also offers a range of other tools for small businesses, including working capital tools, business loans, risk management support, and more. Small businesses in the U.S. have gained yet another credit card option this…

Cybersecurity measures are a priority at Royal Bank of Canada (RBC), from monitoring and mitigation to solution investment. Banks rarely consider cybersecurity a finished process; the nimbleness of fraudsters and quick development of new hacking technology spur perpetually evolving security measures for risk and anti-money laundering (AML) divisions at most large financial institutions. But keeping…

When it comes to implementing a large-scale automation project, banks have to learn to walk before they can run. But they’re under intense pressure to accelerate digital transformation and make it easier than ever for their customers. Financial institutions waste at least $5.9 billion every year due to the poor customer onboarding experience. The new…

Further, a company that helps democratize investing in VC funds, is launching this week. The London-based company enables users to invest as little as £1,000 in startups that are not publicly available. The company allows anyone to invest, as long as they agree not to invest more than 10% of their net assets in shares,…

Mobile fraud prevention specialist Incognia, which made its Finovate debut in May at FinovateSpring, has raised $15.5 million in Series A funding. The capital will be used to help fuel the company’s growth; Incognia currently has 200 million mobile users in more than 20 countries worldwide. Incognia leverages location and motion sensors to create a…

Lisa Christofilos, chief information officer of data and analytics at BMO, recently sat down with Bank Automation News to discuss data and analytics at the bank-level, along with best practices for ensuring data security. Christofilos helps lead data engineering, analytics and architecture efforts for the $805.9 billion bank. What follows is an edited version of…

Lokyata, a credit decisioning specialist, announced a partnership with Infinity Software. The integration will make Lokyata’s BankAnalyze solution available to Infinity Software’s financial services customers. Lokyata, founded in 2017, made its Finovate debut at FinovateSpring earlier this year. Just over a month after making its Finovate debut at FinovateSpring 2022 in San Francisco, California, credit…

Digital banking startup Kroo received a full banking license from the Bank of England. Kroo will use the new authorization to offer personal current accounts in the coming months. The full banking license places Kroo in competition with Monzo, Starling Bank, and Atom Bank. Digital banking startup Kroo just received a full banking license from the Bank of…

Two Finovate alums – Alkami Technology and Array – have teamed up to help financial institutions offer credit and identity solutions to their customers. The partnership makes three of Array’s signature solutions: My Credit Manager, ID Protect, and Offers Engine, available to a wider range of bank and credit union customers and members. Alkami made…