For the first time, “the house always wins” is true for India’s banking industry. As of May 30, 2018, over 5.5 billion eKYC transactions have been performed using Aadhaar. And Aadhaar Bridge is one of the online services that make it easy for companies to
A branch the Dutch government has recently released an economic risk report, claiming that cryptocurrencies present a low risk to financial stability in the country, according a report published on May 29. The report was prepared and published by the CPB Netherlands Bureau for Economic
Innovative Ways to Onboard a New Customer: How European FIs Are Building Delightful Banking Experiences
A study of 22 banks (institutions + digital-only) across APAC, Europe, and the Middle East analyzing digital onboarding methods & eKYC techniques for opening bank accounts found that OTPs and selfies were the most prevalent modern identity verification methods for digital onboarding among those banks.
“Innovation is not only about having an innovative technology or science; it is also about innovating the actual process of innovating. As Einstein famously said, “We cannot solve our problems with the same thinking we used when we created them.” There is no one process
Swiss airport ground handling and cargo company Swissport is launching a blockchain pilot program for its cargo handling business, Air Cargo News reported May 29. The company is launching a pilot program in cooperation with Olam, a non-profit organization aiming to develop an open source
Payment options have been evolving for ages, and with the development of technology, it has been growing even faster. What we have available now – mobile payments, e-commerce, online payments, and shopping at the click of a mouse – is all a result of that.
As we’ve been creating podcasts of our own for the exclusive Inner Circle content, I found myself paying closer attention to industry-defining podcasts, one of which is the Breaking Banks podcast by Brett King. And one of the episodes caught my attention for three reasons
Chen Weixing, the founder of Chinese ride hailing company Kuaidi Dache, is planning to launch a blockchain-based ride hailing app, China Money Network reports May 28. Chen is partnering with co-founder of Meituan Yang Jun to launch the project. Chen aims to create a platform
The quest towards a comprehensive digital transformation has pushed banks to evolve the epicenter of the banking business from operational efficiency to customer experience. Banks are now one of the major adopters of technology, as they are now leveraging modern technologies such as blockchain, AI/ML,
In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy.