Category: Doing Business Overseas

Sumsub, a tech company that helps businesses stay compliant and fight digital fraud, has recently added document subtype recognition to its Proof of Address verification solution. Now user verification flows can be adjusted to specific regulatory requirements since companies can set different rules based on the type of the document submitted. Proof of address, or…

Scanning this week’s news there were a few stories that caught my eye. The Central African Republic has adopted bitcoin as legal tender, becoming the second country in the world to do so after El Salvador. To say that this is big news is an understatement. Oddity, a D2C makeup company, is offering a security token…

In April, the Hong Kong Monetary Authority (HKMA) issued a discussion paper titled “e-HKD: A policy and design perspective” (the “Paper”), inviting views from the public and the industry on key policy and design issues for introducing retail central bank digital currency (rCBDC), i.e. e-HKD, in Hong Kong. After announcing the “Fintech 2025” strategy in…

On this weeks episode of News & Views, The Fintech Times Podcast team speak about a warning issued by the FCA to Challenger Banks, The Great Resignation and how more work placed benefits could put a stop to it & how digital online spending is continuing to gain traction.

Banco Santander and Oxentia Foundation are seeking startups and scaleups with innovative and scalable solutions using blockchain technology for a new global challenge. The duo has produced ‘Santander X Global Challenge’, a new global challenge aimed at blockchain startups and scaleups from Germany, Argentina, Brazil, Chile, the US, Spain, Mexico, Portugal, Poland, the UK and…

Western Union, a provider of cross-border, cross-currency money movement and payments and Zain Cash, the award-winning mobile financial services arm of Zain – a mobile telecom operator in the Middle East- have announced the launch of Western Union digital money transfer services through the Zain Cash mobile wallet. The launch means that over 250,000 Zain…

FinGo, a biometric identity authentication solutions provider is introducing FinGoVend, the world’s first retail vending machine where users can now pay and prove their age through a simple scan of their finger. FinGo’s vein mapping technology connects a person’s unique vein pattern to their identity, to securely enable a range of transactions including payments, access…

Klarna, a global retail bank, payments and shopping service, announced it is enabling banks to extend voluntary gambling blocks to open banking-driven payments powered by its subsidiary, SOFORT, helping protect hundreds of thousands of UK consumers. UK challenger bank, Monzo, was the first bank to introduce a gambling block in 2018, following demand from customers…

Despite the pandemic, economic downturn and Brexit, the UK continues to rule first place for investments into financial and professional services. This is according to a new report from the City of London Corporation, whose insight delves into why the island, and especially its capital city London, continue to draw in top levels of investment…

Blockchain Association Singapore (BAS) has announced that global financial institution BNY Mellon has come on board as a strategic collaborator. With the signing of a Memorandum of Understanding (MOU), BAS and BNY Mellon will cooperate to advance the blockchain ecosystem, driving global cooperation regarding institutional digital assets and decentralised finance (DeFi). BAS and BNY Mellon…