With the tagline ‘Hungry? Face it’, Nets, a leading provider of digital payment services across Europe, has launched a pilot programme testing facial recognition as a payment method.

Around 1,000 people – all working at Vibenshuset, an office community of 25 companies in Copenhagen – can sign up to participate in the pilot. By linking their face with their employee ID card, they can now pay for their lunch using their face at Kokkenes Køkken’s cafeteria.

The Senior Managers & Certification Regime that comes into effect today is a positive step for the financial services industry – but its failure to include Appointed Representative Firms (ARFs) and their individuals is an oversight, according to Sturgeon Ventures, the regulatory incubator.

SM&CR is principally about changing the way financial services businesses operate.

A new study from Juniper Research has found that global international digital money transfer transaction volume will reach 2 billion by 2024; up from 1.1 billion in 2019.

Though it may seem like everything in the payments space is geared towards boosting conversion, i.e. the amount of times a potential customers completes the intended action of clicking “buy” – and this is indeed the case – I’m here today to tell you about three specific ways in which payment technology can raise the conversion rate, i.e. the amount of times a potential customer completes the intended action of clicking “buy” divided by the amount of website visitors.

Deutsche Bank has published its outlook for the decade ahead, predicting growth in appeal of cryptocurrency given the fragility of fiat money.

A group of former Morgan Stanley executives is building a cryptocurrency derivatives trading platform.

Thousands of retailers and millions of shoppers are being targeted by fraudsters this weekend as the holiday shopping season begins, according to a comprehensive study by retail and fraud experts at GBG – the global identity data specialist.

Researchers at leading cyber-security company Check Point have revealed how Chinese hackers were able to steal $1 million from a Chinese venture capital firm through a simple but convincing business email compromise (BEC) scam. 

The $1M was seed funding that was intended for an Israeli start-up company.  Neither the VC nor the start-up suspected anything was wrong, until the start-up realized they hadn’t received the funding. Both sides then got on the phone and quickly realised that the money had been stolen.

The European consulting firm EUROGROUP Consulting, in an exclusive annual study on corporate and investment banking (European CIB Outlook 2019), reveals the numerous challenges European CIBs urgently need to address, and outlines strategic and organisational solutions to help them reduce the performance gap with their US counterparts.

Italy's UniCredit says it will cut 8000 jobs and close 500 branches over the next three years as part of a programme to boost shareholder value.