UnionPay introduces facial recognition-based payment system

UnionPay unveiled its vision for the future of payments at last week’s Singapore FinTech Festival 2017. UnionPay FacePay enables users to pay for purchases using face recognition technology. Users can link their facial identity to their payment accounts, and make hands-free payments by taking a photo of their face using the FacePay-enabled system. The technology is being tested in partnership with LinkFace, and aims to soon be rolled out in Asia. According to a company statement, UnionPay FacePay can achieve

European Payments Forum

5th Annual European Payments Forum March 1-2, 2018 Amsterdam, The Netherlands After the great success of the September 2017 event, we will have our next annual European Payments Forum in March 2018. This time, the hosting city is going to be Amsterdam, The Netherlands. The event will continue to discuss PSD 2 as it transformed the entire banking system and caused a big headache for banking professionals. Participants will have the chance to debate about FinTech & Technological (R)evolutions and

Kony expands partner ecosystem with digital banking marketplace

Kony is expanding its global partner ecosystem with fintech solutions featured in the Kony Digital Banking Marketplace. A one-stop shop for pre-built fintech components, integrations and templates, the Kony Digital Banking Marketplace helps banks and credit unions reduce the cost of maintaining digital banking applications, speeds up development of new projects, and allows access to some of the most leading-edge and innovative digital solutions in the market. According to Burley Kawasaki, executive vice president, products, Kony, Inc, the Kony Digital

Digital Integration in Wealth Management 2018

Digital Integration in Wealth Management 2018 February 21- 22, 2018 London, UK The only event to focus on integration of digital capabilities with existing processes to enhance client engagement and reach new segments Arena International is thrilled to announce that the second Digital Integration in Wealth Management will be returning to London! Operating within an increasingly digital landscape and cross-generational trends emerging, there is still a need for the Wealth Management sector to better understand how to serve their varied

Financial Conduct Authority firm testing facial recognition for risk profiles

A firm participating in the Financial Conduct Authority (FCA) regulatory sandbox is testing a plan to integrate facial recognition technology into the risk profiling assessment process being performed by advisers, according to a report by the FCA. In June, two firms using facial recognition in their solutions were among the 24 fintech companies selected by the FCA to test their products on actual customers in the UK. The FCA said the regulatory sandbox had helped cut down on the amount

Samsung SDS demonstrating authentication technologies at Money 20/20

Samsung SDS America will demonstrate its authentication technologies, including Samsung SDS Nexsign, with leading partners in the financial industry at Money 20/20 2017 in Las Vegas. The demonstrations will showcase the latest innovations from Diebold Nixdorf, BioCatch and Moxtra that use Samsung SDS’s advanced mobile technologies to improve security and improve the user experience. Samsung SDS Nexsign is a FIDO compliant biometric authentication platform that leverages facial recognition technology with the ATM to complete a secure cardless cash withdrawal in seconds.

Fintech executive veteran joins Princeton Identity’s advisory board

Princeton Identity has added Brian Russell to its advisory board. Russell was recently senior vp of financial solutions for Giesecke+Devrient (G+D) Mobile Security U.S. Division, and will advise the Princeton Identity team on strategies in the fintech market to simplify identity management. “We’re faced with a growing number of evolving security and authentication challenges, with the need to comply with necessary security regulation,” explained Brian Russell. “Princeton Identity has emerged as an authority in using biometrics to ease the pain

Alibaba invests US$15B in overseas research hubs for AI, fintech

Alibaba Group Holding Ltd is investing US$15 billion to establish overseas research hubs to work on artificial intelligence (AI), quantum computing and fintech, according to a report by BNN. The Alibaba ‘Damo’ academy will comprise of eight research bases in China, Israel, the United States, Russia and Singapore, for which the company will hire 100 researchers. “The Alibaba DAMO Academy will be at the forefront of developing next-generation technology that will spur the growth of Alibaba and our partners,” Jeff

DATADISRUPT

DATADISRUPT NEW YORK CITY MAY 22 – 24, 2018 DataDisrupt, the premier conference for the financial services data analytics ecosystem, will hold its second annual event in New York City on May 22nd – May 24th, 2018. The three-day conference will focus on the impact of large scale data sets, new data sources, innovative analytic techniques, the latest technologies and the most creative entrepreneurs on the financial services sector. The event will highlight many of the world’s leading data analytics

European FinTech Awards 2017

European FinTech Awards 2017 “The Coming of Age of FinTech” September 26-27, 2017 Brussels Join the European FinTech Awards & Conference 2017! The time to grow is now. Hundreds of European FinTechs are getting serious traction and startups are turning into promising scale-ups. Billions are waiting to be invested in the companies that have the potential to conquer the markets. Who will be next? 26 & 27 September the second edition of the European FinTech Awards & Conference 2017 will