The word biometrics is derived from two Greek words – bio meaning “life” and metrics meaning “to measure”. Biometrics are thus biological measurements, often used in automated methods, to recognize a person based on a physiological or a behavioural attribute. In this blogpost I will explore the topic of biometric authentication in relation to payment systems and its promising role in transforming face-to-face payments in the future.

Brewin Dolphin, one of the UK’s largest wealth managers with £34.9 billion in discretionary funds under management, has selected Avaloq to transform its back office infrastructure through Avaloq’s Software as a Service (SaaS) solution.

The project will significantly enhance Brewin Dolphin’s digital capabilities at a time of increasing market competition and a need by all financial institutions to capitalise on the powerful benefits that cloud-based SaaS technologies can deliver.

Fintech lending platform, Freedom Finance, has expanded its digital capabilities with a transition to a cloud-based service.   

The new platform embraces the latest technology trends such as cloud native applications, API gateway and micro-service. The platform will deliver increased speed and efficiency for borrowers and for the lenders on Freedom Finance’s panel.

Finastra today announced the first public hackathon on its FusionFabric.cloud open development platform, underpinned by Microsoft Azure. The FusionONE Hackathon will take place over the weekend of May 17-19 in London. Teams from banks, Fintechs, integrators and independent developers are invited to join the event and create innovations grounded in Open Banking.

A new report launched today by strategy advisors Arkwright and commissioned by Signicat, a leader in verified digital identity solutions, examines the success of digital identity in the Nordics, and explores how other countries can learn from this model.

Exscudo is proud to announce that we have added support for direct currency exchange in the Channels App. Our clients are already able to exchange EON, BTC and ETH while support of direct exchange of TUSD, OMG, LTC, DASH, QTUM, ZEC, CTKT, EURT, USDT, XMR and EUR will be added shortly. The new feature allows users to exchange currencies without having to move their funds out of our wallet app while benefiting from low fees, previously available only in traditional banks.

 Fusion Foundation, a non-profit organiza

This year, London will be home to just as many fintech ‘unicorns’ as current global leader San Francisco – according to a new report from global recruiter Robert Walters and market analysis experts Vacancy Soft.

Leading the industry with solutions protecting mobile financial services offerings, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, was chosen by Varo Money, Inc. a leading all-mobile banking company to implement its financial crime strategy for anti-money laundering protections including AML/KYC requirements, sanctions screening and transaction monitoring capabilities.

LexisNexis® Risk Solutions, the global information solutions provider, and part of RELX, has announced the appointment of Steve Elliot as Managing Director of its UK Business Services business unit.

Steve joins LexisNexis Risk Solutions from resourcing and consultancy firm Huntswood, where he also served as managing director. He has 25 years’ experience providing financial crime and payment solutions to clients across financial services, gaming, utilities and payment firms.