Tags: Fintech

TSB adds iris biometrics to mobile app

TSB is to up the pressure on other banks by introducing iris recognition for mobile customers from September 2017. It joins fingerprint security which the bank rolled out last year. The new security is being added to its online banking app but will only be available to customers using Samsung Galaxy S8 or S8+ smartphones.…

Receipt Bank banks $50 million

Receipt Bank has raised US $50 million in a Series B funding round led by Insight Venture Partners. The announcement came in a blog by Henry Bell, content manager at Receipt Bank. Receipt Bank provides bookkeeping automation software and provides integrations to most of the major accounting solutions for small businesses. Its core features include…

Blockchain-based Po.et 2.0 attracts publishers

Digital media publications The Merkle, Crypto Insider, Coinspeaker, and ChainB – are partnering with Po.et. The announcement was shared in a blog by Max Bronstein, media and strategy at Po.et. They are adopting the Po.et 2.0 because it offers a blockchain solution with timestamped metadata. This establishes proper attribution and licensing opportunities for digital publishers. Po.et…

Securities data blockchain for European SMEs

The London Stock Exchange Group (LSEG) is collaborating with IBM to develop a securities data blockchain solution for European SMEs. The project plans to digitize securities certificate data to simplify issuance and management of shareholding information. If delivered the solution aims to create a shared registry of shareholder transaction records. “LSEG is testing the use…

Moeda relaunches $-based ‘Banking-as-a-Service’

Moeda is an innovative ‘Banking-as-a-Service’ cooperative network. It aims to empower underbanked entrepreneurs using blockchain technology. In Sao Paulo, Brazil, it has announced plans to relaunch its Moeda (MDA) digital token and tie this to the US$. This relaunch hopes to broaden Moeda’s core lending-and-financial-education activities beyond serving women entrepreneurs. As part of the relaunch,…

Blockchain diamond trading – a girl’s best friend?

Singapore Diamond Investment Exchange (SDiX) has announced the completion of the first part of a proof-of-concept of a blockchain diamond trading authentication and secure record-keeping service. They partnered with Kynetix and Everledger for this phase. Linus Koh, CEO of the Singapore Diamond Investment Exchange, said: “This exciting collaboration builds on SDiX’s record of delivering advanced technologies to enable…

EU aims Blockchain4eu at non-fintech and SMEs

  The European Commission’s Joint Research Centre (JRC) and Directorate-General for Internal Market, Industry, Entrepreneurship & SMEs (DG GROW) have launched a project under unlovely and gimmicky title of: “#Blockchain4EU: Blockchain for Industrial Transformations” (Blockchain4eu). This will run until February 2018. The project is intended to be forward-looking. According to the European Commission it will explore…

Emercoin to support cryptocurrency bank

Digital currency and blockchain platform provider Emercoin has announced it is to host the document flow for Polybius Bank. Based in Estonia, Polybius Bank is positioning itself as the world’s first cryptocurrency bank. With many countries undecided on whether to openly accept cryptocurrencies as legal tender, this is an interesting development. What is the Polybius…

Sage sells US Payments business to GTCR LLC

Sage has sold its US Payments business signalling an end to the business unit under Sage. It never quite had the same success as its payment arms in South Africa and UK. The payments business, Sage Payments Solutions (SPS) provided bank card processing, ACH, cheque and gift and loyalty card services in North America. It…

e-Residency: meet e-Banking

The world’s first e-Residency programme in Estonia is partnering with Finnish fintech company Holvi to launch borderless digital banking. The partnership eliminates the need for e-residents to travel to Estonia in order to access business banking. “Business banking is radically transforming for almost everyone on Earth and this can help unlock global growth by democratising…