The case put forward by the Conference of State Bank Supervisors which challenged the OCC’s fintech charter has been dismissed...
Australian digital bank Judo Bank has officially reached unicorn status with the latest round of capital; the $230mn round included...
Jumio and ComplyAdvantage have teamed up to provide a new screening product aimed at banks called JumioScreening; the new product...
Jumio, the provider of AI-enhanced end-to-end identity verification, eKYC and AML solutions, announced another solid quarter, with new business growing over 130% in Q3 2021 from Q3 2020. As mentioned in a release shared with CI, this growth coves the globe and several different industries,
Jumo is a South African fintech company based in Cape Town; the company offers a technology stack for others to...
Even though digital asset markets have been shaky, the blockchain sector continues to scale as demand increases from both crypto-native and traditional institutions looking to use the technology. Layer-1 blockchain Injective has raised $40 million in a round led Jump Crypto, Eric Chen, CEO and...
In the "Top 10 Disruptive Technologies in Fintech" report, Juniper identifies the emerging technologies that are disrupting and influencing financial services in 2017; the top three include PSD2 and open APIs, regtech, and chatbots; at the top of the list, open APIs are a trend influencing financial services globally and Europe's PSD2 legislation is expected to help accelerate innovation. Source
Juniper Research has released a study titled, "Fintech Futures: Market Disruption, Leading Innovators & Emerging Opportunities 2016-2021"; study finds that fintech platform revenues generated from supporting the insurance industry will total approximately $175 billion in 2016; the analysis projects that these platform revenues will grow at an annual rate of 34% with revenue of $235 billion globally by 2021; Juniper Research says growth will be driven by machine learning, increased use of mobile apps and blockchain technology. Source
A white paper from Juniper Research projects mobile wallet transactions to increase to $1.35 trillion globally in 2017, an annual increase of 32%; the data shows that the Far East and China are currently accounting for most of the market transactions with growth specifically from Alipay and WeChat; PayPal and Apple are also noted as leading market providers; in the European market the Payment Services Directive 2 (PSD2) is also expected to be a factor supporting near-term growth in mobile wallet transactions. Source
The financial institutions that will win in an open banking environment are already planning now and overhauling legacy IT infrastructure.