Category: digital currencies

Meta is in the process of introducing non-fungible tokens (NFTs) to the social media channel Instagram, a move that is set to transform how users present themselves online, engage with each other and create an income from social media.  Starting this week, select creators and collectors on the platform will be able to share their…

Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 17 May. Job appointments KPMG UK has appointed Peter Harmston as a partner and Ian Taylor as a director within the firm’s financial services practice in order to strengthen its offering to clients in the disruptive technology space. Harmston will lead the development of the…

Forecast to add $1trillion in value to the global banking sector, automation has become an increasingly prominent feature of the digital revolution that continues to sweep across the provision of financial services around the world.   Brian Halpin Here to identify both the benefits of its implementation and how it can be utilised to its full…

The Spanish financial services company Banco Santander is to transition fully to a cloud-based core banking system.  The core banking platform forms the most critical part of a bank’s IT infrastructure, being where the main financial transactions, such as money transfers, deposits and loans, are processed. Santander has become one of the first major banks…

Bitcoin is the disruptive third wave of Fintech: Wave 1 was adding a better front end UX to legacy systems, with a natural exit to legacy finance for not big sums. Wave 2 was a full stack regulated threat to legacy finance. Once again the natural exit was to legacy finance, but for much bigger sums than…

With offices in Singapore, the American multinational identity and access management software company ForgeRock is to launch ForgeRock Autonomous Access, an artificial intelligence (AI) powered solution that seeks to prevent identity-based cyber attacks and fraud. ForgeRock Autonomous Access provides a service that monitors real-time login requests in an attempt to block malicious activity, adds authentication…

TechCrunch and Pitchbook are reporting that HR innovator Gusto has raised an extension on its Series E round. The company’s Series E round, launched in 2021, was led by T. Rowe Price Associates, and totaled $175 million. The amount of the extension was not disclosed, but it is believed to be in the neighborhood of…

Jack Henry announced at the company’s investor conference last week that it is integrating elements of its digital banking repertoire into its core solution set, including a conversation tool from the company’s Banno Digital Platform that “goes beyond” artificial intelligence (AI)-based chatbots. Banno Conversations is a securely authenticated conversation solution that connects banks with their…

When one doctor’s office switched to virtual office visits during the COVID-19 pandemic, nurses were given iPads and sent into private rooms to connect with patients over Zoom, then waited for the doctor to make his rounds to each iPad. While this example of an effort at digitization appears quaint, it exemplifies the perils of…