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Accessing sensitive information requires effective security measures. Unlike passwords, specialists argue that biometric authentication systems are more efficient because they do not require remembering complex credential combinations. Biometrics, or body measures, such as fingerprint, facial and voice recognition, are widely spread in the financial sector as a user authentication method.
HSBC UK has rolled out sweeping variable recurring payments (VRP) to all its personal and business customers who use open banking services.
The UK's largest banks have been directed to introduce VRP by the Competition and Markets Authority.
Bitesize investing insights platform Finimize, which was acquired by abrdn in October 2021, has expanded its mobile app with stock data.
Following the incredible success of the inaugural competition last year, KPMG again called on tech innovators across the continent to bring their innovations to the table with the aim of not only highlighting new technology breakthroughs that transform and revolutionize businesses in diverse industries but to identify those businesses truly leading the pack.
SubsBase, the first and only subscription and recurring revenue management platform catering to the MENA region, announces it has successfully closed its seed round at US$2.4 million.
MX, a leader in Open Finance, today announced that Wes Hummel has been named Chief Technology Officer. A customer-focused technology leader, Hummel has spent the past 25 years building global engineering teams that drive business and customer outcomes in financial services. He will oversee the company's engineering and information security teams reporting to MX Chief Executive Officer Jim Magats.
Elmore, a specialist insurance intermediary for new risks, has formed a partnership with Railsr, a world-leading embedded finance experiences platform.
As Railsr’s insurance partner, Elmore will provide specialist fintech insurance for Railsr’s customers worldwide. Cover includes cyber insurance, crime insurance, professional indemnity insurance, and directors’ insurance.
In partnership with Mastercard, crypto giant Binance is launching its pre-paid card offering cryptocurrency “rewards” on customers’ purchases.
Zopa bank has now crossed the £2 billion deposit mark, making it one of the fastest challenger banks to reach the milestone.
With rising inflation, energy prices, and rent increases adding considerable pressure on consumer finances, Zopa’s ambition is to make the billions in “zombie money” sitting idle in UK current accounts work harder.
