"Financial services has always been 'adapt or die,'" Kyle Hauptman, the regulator's vice chair, told CoinDesk. "I don't want credit unions to go the way of Blockbuster Video because we, the regulators, prevented innovation."
Personally, I want a smart wallet rather than a super app. And I mean smart in a very specific way. I want to use wallets that share not identity but authentication.
For banks, voice authentication could offer increased customer satisfaction and engagement while also helping them ramp up fraud prevention. Davis says banks could combine voice authentication with machine learning for a more complete view of cross-channel activity in order to prevent future fraud.
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The new business line is part of a broader expansion plan the Pennsylvania bank announced in 2021.
Several providers are building technology to try to prevent malware attacks when retailers accept contactless payments directly through their smartphones.
Ribbit Capital, a venture firm best known for its fintech investments, has raised $1.15 billion in new capital in what appears to be a close of its seventh fund, according to a filing with the U.S. Securities and Exchange Commission (SEC). The new fund, dubbed Ribbit Capital VII LP, is believed to be the final...
Coinbase Said to Dominate Bitcoin Trading: No Competition. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Democrats largely left the financial sector alone last year. But they are attempting to resurrect a bank tax-reporting plan to help pay for President Biden’s social policy package while keeping a close eye on cryptocurrency and how regulators review mergers.
Free business checking offered with Green Dot serves as a tie-in for QuickBooks users and as part of a 'starter kit' for future subscribers.