Lenders, card issuers and payment service providers that need to comply with new fraud rules under PSD2 next year face a challenge from their own customers. In a new FICO survey, only about half of UK consumers say they are willing to give their bank or card issuer their mobile number in order to carry out extra authentication steps. Many banks are counting on authentication using mobile phones to comply with the rules.

Improvement in revenue in 2018

Econocom Group, a digital transformation specialist, posted 2018 full-year revenue of

€2,846 million, an 8.0% increase, 2.7% of which was organic.

Revenue for the Technology Management & Financing (TMF) business reached
€1,356 million, a slight drop of 1.6%, after a strong increase in the two previous years (9.5% organic growth a year). The basis of comparison was particularly high in the fourth quarter (up 28% in Q4 2017) and the group was selective, focusing on generating cash.

Phil Siarri recently sat down with Diego Caicedo, CEO and co-founder of Omni|Bnk, one of the first neobank solutions for SMEs in Latin America. The company has recently raised US$3.5M, and signed a US$200M partnership with BTGPactual. We discussed his background, the current situation for Latin American neobanks, financial literacy in the region and more

Leading identity verification provider Onfido today announces that it has partnered with PensionBee. Onfido’s machine learning-based identity verification technology allows PensionBee to streamline KYC processes, reducing manual overheads and bringing new users onboard.

UnPAY and Tencent Research Institute have jointly published a whitepaper on Indonesia's payment market. This whitepaper focuses on hotspots and key issues of the payment system in Indonesia and is the second of its "Venturing Out" series. It aims to help Chinese payment companies expanding overseas gain a deeper understanding of the world's fourth most populous country. The first whitepaper which was published in October last year, honed in on Singapore's payment infrastructure.

B2C2, one of the largest cryptocurrency liquidity providers and the leader in electronic OTC trading, today announced that its UK subsidiary, B2C2 OTC Ltd, is now authorised and regulated by the UK’s Financial Conduct Authority to arrange and deal in Contracts for Difference (CFDs) with eligible counterparties and professional clients. The FCA authorisation will allow these clients of B2C2 OTC Ltd to gain exposure to cryptocurrency markets via the firm’s CFDs.

Fenergo, the leading provider of digital Client Lifecycle Management (CLM) software solutions for financial institutions, today announced findings from the company’s industry trends report series, which found that “poor customer experience” is costing financial institutions $10 billion in revenue per year. 

As my team and I go deeper into our research on Psychological Safety and its correlation to the effectiveness of the team at the cornerstone of profitability in this day and age of rapid tech, one of the things we are doing, is work our way through the Aristotle project suggestions that Google left us with at the end of 

GBIH LIMITED (CEO Yoon Bliss) announced recently that the YANT blockchain project they have been pursuing has now been successfully developed into a blockchain-based P2P cryptocurrency trading system, thereby achieving complete decentralization that solves the instability caused by depending on exchanges. 

Commercial Bank of Kuwait has started to adopt the smart-branch model by creating a flexible and cost-effective virtual banking system that would allow remote consultations via video kiosks — touchscreen PCs with connected headsets.