Beeline telecommunications operator uses AI-based ID scanning technology Smart ID Engine to boost SIM cards sales in retail stores, on-site all over Russia. The integration of the software, developed by science-driven company Smart Engines, was conducted by Digital Economy League. Today, as part of the project, Beeline was supplied with about 12 million recognitions.

Paysend announces that the latest White Paper entitled Digital Money in a Post-covid world has been published and is available now.

Head of Branding, Alberto Macciani, digs deep into the prolific expansion of digital money over the last 12 months and demonstrates just how we will see the landscape of financial technology shift, revolutionising the way we manage our money on a daily basis.

LPA Group, the capital market technology and innovation leader, today announced the expansion of its French office with two new senior hires: Michael Lemke as Head of Client Delivery Solutions and Vincent Stefanović as Client Director Sales for the Buy-Side.

Based in Paris, Michael and Vincent will join Thomas Geist, Senior Sales Account Manager, in promoting LPA Group’s innovative technology solutions for financial services and supporting the firm’s growth in France, Benelux and Italy.

Fourthline, the digital identity and verification specialist, has released findings from its Digital Identity Fraud Analysis Tool, which looked specifically at the different ways fraudsters have attempted to create digital wallet accounts in the UK over the last six months. The UK Digital Wallet ID Fraud Pulse, analysed data over the period January 2021 to June 2021, to reveal criminals most commonly used counterfeit driving licences when attempting to open a new digital wallet account.

Tata Consultancy Services (TCS), leading global IT services, consulting, and business solutions organization, announced that Commercial Bank of Kuwait (CBK), one of the largest financial institutions in Kuwait, has selected TCS BaNCS™ for Treasury to manage risk better, enhance asset class coverage, and drive future growth. 

Splitit, the company empowering consumers to use their existing credit to spread payments over time, announced a partnership with tabby, the leading Middle East Buy Now Pay Later (BNPL) provider. tabby will integrate Splitit’s instalment payment platform through a white-label solution to allow tabby’s merchants to offer instalments on credit cards.

• 85% of respondents at global financial institutions believe Banking as a Service (BaaS) will make an impact over the next year; 40% believe the impact will be significant
• More than 9 in 10 respondents agree that Open Banking is important to their organization; 97% of those that already use Open Banking recognize that it has provided benefits to their business

Chirag Shah, CEO, Nucleus Commercial Finance comments:

“SMEs across the country were hoping to reopen on 21st June and had naturally planned for this financially. This delay combined with winding down of government support is undoubtedly a big blow for those businesses who have started making repayments on existing facilities. Our own research found that only a quarter of SMEs were anticipating a delay to reopening, meaning the majority of businesses were caught off guard.

Pound Underperforms, AUD Dips on Sydney Lockdown