Daon, an innovator of authentication and identity assurance solutions worldwide, announced today that it has been selected by Visa, the global payments technology company, to provide biometric services for the Visa ID Intelligence platform. 

Financial reporting is putting a major strain on the office of the CFO. This function is keeping 97% of CFOs awake at night, primarily for two reasons – fear of not meeting deadlines in a timely manner and a lack of confidence that their internal controls for financial processes are working properly. Complexity of business structures and a lack of transparency around the creation of critical reports are further exacerbating the pressure. Additionally, the worry that they won’t be able to answer immediately when faced with questions on accounts by the Board is also profound.

Changes brought about under the latest Payment Services Directive, PSD2, mean that Marketplaces will no longer be exempt. For Marketplaces to remain exempt under PSD2, they should act only on behalf of the payer or the payee or not at any time enter into possession or control of client funds.  Addressing this challenge, Saxo Payments has launched Banking Circle Marketplaces which enables Financial Tech businesses to help their Marketplace clients with regulatory changes under PSD2, as well as provide local International Bank Account Number (IBAN) accounts for Marketplace sellers.

Azimo, the leading online money transfer business, today announced triple-digit growth across virtually every metric-including transactions sent, gross transaction volume, and revenue-as online remittances from the diverse communities of Europe to the rest-of-the-world booms. For example, over the past 12 months, Azimo saw a 236% increase in the amount of money sent to Poland, with Moldova (225%) and Nigeria (207%) following closely behind.

These are not my words, but those of Rob Frohwein, CEO of Kabbage. Read on to understand more about the context of the discussion that led to the topic of Fintech opportunities with Rob…

But before, let’s start with a thought experiment:

– It’s the year 2005.
– You live in New York.
– You’re 34.
– You work in advertising.
– You’re very good at what you do, one of the best at press advertising.

Simply said, you’re at the top of your game, and you have a very promising career in front of you.

Just one month after shattering its Initial Coin Offering (ICO) goal and successfully thwarting hackers, blockchain startup KICKICO’s  streak continues with the October 22 launch of its KICK Tokens on the HitBTC exchange.

It’s a move that crypto enthusiasts have been waiting for ever since the fully launched 3-in-1 blockchain ICO crowdfunding and crowd investing platform closed its ICO on Sept. 16. KICKICO raised $12 million in ETH within just two hours of its ICO launch, and had collected an astronomical 84,000 ETH by the time its campaign ended.

As you walk the halls of the Metro Convention Centre, you’d be hard pressed to miss the financial giants along the way. Barclays. Bank of America. Citi. HSBC and more.

More than half (52 percent) of UK consumers think fraud is an inevitable part of shopping online, according to new research conducted by Paysafe, a leading global payments provider.

Torstone Technology, a leading global provider of post-trade securities and derivatives processing, today announced that CLSA, a leading Asian capital markets and investment group, has signed a multi-year deal to use Inferno and is now live with the solution, which will bring greater efficiencies to its post-trade processes.