Revolut Secures Its Banking License – Crowning A Decade Of Digital Banks
Forrester IT
JULY 25, 2024
Digital banks are gaining traction among consumers, globally. Learn what incumbent banks should do to compete.
Banking Up For Grab In Singapore
Forrester IT
JUNE 12, 2019
Following in Hong Kong’s footsteps, Singapore’s regulator – Monetary Authority of Singapore (MAS) – has confirmed that it is currently studying the possibility of issuing digital-only banking licenses to organizations with a “non-bank” parentage, which was first reported on May 7th, 2019 by various news outlets.
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Singapore’s New Digital Banks Will Change The Banking Landscape Forever, Maybe
Forrester IT
DECEMBER 8, 2020
In a landmark announcement made on December 4, 2020 Singapore’s Monetary Authority (MAS) awarded banking licenses to four players, two of which will serve the retail banking market using a digital full bank license (DFB). known for […].
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Virtual banks in Hong Kong set to rekindle the retail banking experience
Forrester IT
SEPTEMBER 20, 2019
(Co-authored with Nancy Lin, Senior Associate) The Hong Kong Monetary Authority (HKMA) recently announced 8 new virtual banking licenses in the market and their operators will all launch new digital-only banks there before or in early 2020.
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What telco mobile money licenses mean for Nigeria’s financial services sector
CIO Business Intelligence
MAY 11, 2022
That may change as telecommunications companies such as Airtel and MTN jump into the mobile money market, after recently receiving licenses to do so. Nigeria’s mobile money landscape, however, has been dominated by banks and other financial services companies. Mobile money is not entirely new to Nigeria.
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Moonstone Bank, the Washington state bank with ties to FTX, will wind down crypto operations
GeekWire
JANUARY 21, 2023
(Bigstock Image) Moonstone Bank , the digital lender with ties to FTX, announced this week it will wind down plans to offer banking services for industries such as crypto and cannabis. It was acquired in 2020 by FBH Corporation, owned by Jean Chalopin, also the chairman of Bahamas-based Deltec Bank. Its net worth was $5.7
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Senators ask regulators to investigate bank and crypto ties, citing Washington state bank
GeekWire
DECEMBER 10, 2022
bank regulators to investigate the ties between the banking industry and cryptocurrency firms including Farmington, Wash.-based based Moonstone Bank. They also note that Jean Chalopin, who is the head of Moonstone’s parent company FBH, is also the chair of Bahamas-based Deltec Bank. Elizabeth Warren (D-Mass.)
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Technology News and Hot Topics
CTOvision
DECEMBER 4, 2014
Facial recognition software that can identify suspects, databases that can be tapped to track suspects’ movements and locations, automatic license plate … Read more on Los Angeles Times. Rush-hour traffic forces banks to embrace technology. Royal Bank of Scotland Fined Million Over Technology Failure.
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Pursuing A New Future of Innovation Through Digital Banking Strategy
CIO Business Intelligence
AUGUST 28, 2022
How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6
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Pursuing A New Future of Innovation Through Digital Banking Strategy
CIO Business Intelligence
SEPTEMBER 2, 2022
How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6
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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy
CIO Business Intelligence
OCTOBER 26, 2022
Digitalization is a double-edged sword for banks, especially when it comes to security. As financial services become more digital in nature, it’s important that banks think differently when using data analytics, security tools, and education to improve identity authentication and customer data privacy.
Bank downplays ties to FTX sister company in latest fallout from crypto exchange failure
GeekWire
NOVEMBER 29, 2022
A bank in rural Washington state sought to distance itself from FTX on Tuesday following a report last week detailing its connections to the failed cryptocurrency exchange. 23 that FBH, the parent company of Farmington State Bank, received $11.5 Moonstone Bank’s reputation as well.” Moonstone Bank’s reputation as well.”
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Goldman Sachs releases new font you’re not allowed to criticize Goldman Sachs with
The Verge
JUNE 25, 2020
Investment bank Goldman Sachs has released its very own typeface: an inoffensive set of sans-serif fonts dubbed Goldman Sans. As their license states , you’re free to use Goldman Sans for just about anything you like so long as you don’t use it to criticize Goldman Sachs. Here are the relevant passages from the license: C.c.
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Peer-to-peer banking - Trends in the Living Networks
Trends in the Living Networks
FEBRUARY 13, 2006
The principle is simple – you lend to individuals at interest rates based on their credit rating, and since you’re cutting out the bank as middleman, both lender and depositer get more attractive interest rates than they can get commercially. Banks are the archetypical intermediary, in this case between depositers and lenders.
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Marc Andreessen on the future of technology and the nature of government services
CTOvision
MAY 26, 2014
Consider the many services that states are already moving online, like driver licenses and car registration. Many young people today interact with their financial services in ways that will never require them to visit a bank. By 2030 we should expect to have virtual adjudication in many cases. This is just one domain.
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Paul G. Allen Family Foundation giving $1.4M in COVID-19 relief aimed at underserved communities
GeekWire
JANUARY 25, 2021
WA Food Fund , a statewide initiative launched to support food banks across the state to meet the high demand for food assistance as a result of the pandemic. The data from the online survey will help inform public agencies and food banks about the needs of people experiencing economic and food insecurity. Pride Foundation ?
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ICE just signed a contract with facial recognition company Clearview AI
The Verge
AUGUST 14, 2020
The purchase order for $224,000 describes “clearview licenses” and lists “ICE mission support dallas” as the contracting office. As first reported by BuzzFeed News , thousands of companies, including the NBA, Bank of America, Macy’s, and Walmart, were discovered to be using Clearview’s technology.
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Chappelle’s Show returns to Netflix now that Dave got paid
The Verge
FEBRUARY 12, 2021
Photo By: Will Heath/NBC/NBCU Photo Bank via Getty Images. Netflix began airing Chappelle’s Show on November 1st but pulled it on November 24th after the comedian complained that Comedy Central’s owner ViacomCBS licensed the show without his approval. “I Dave Chappelle reclaims his namesake. And I got my name back.
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Hortonworks Named a Leader in Big Data Hadoop Distributions Report
CTOvision
JANUARY 25, 2016
For example, Hortonworks acquired XA Secure, a company with a commercially licensed security solution, and contributed the code to Apache as Apache Ranger. IBM is Developing an Open-Source Blockchain with Tech and Banking Giants (cryptocoinsnews.com). How Hortonworks Unlocks Choices for Enterprise Data and Analytics (hortonworks.com).
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Washington state launches center to cater to — and potentially regulate — crypto and fintech companies
GeekWire
MAY 24, 2021
Facing explosive growth in NFTs and cryptocurrencies coupled with vague regulations for the wave of new financial technology and investment startups in Washington, the state recently announced a new Center for FinTech Information to warehouse in one place licensing guidelines and regulations. “It needs to get significantly easier.”
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Vouched raises $3M as pandemic drives demand for its ID verification tech
GeekWire
DECEMBER 10, 2020
Its software analyzes images of photo identity documents including passports and driver’s licenses. Vouched has more than 80 customers in banking, healthcare, and other industries. Vouched uses artificial intelligence to help companies verify the identity of their customers, clients and contractors.
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Self-service: From the living room to the enterprise
CTOvision
SEPTEMBER 3, 2014
It’s now common practice to perform a variety of banking tasks from home. Because all the systems are interlinked, a manager can see which employees he is responsible for, which applications these employees use and the total licensing costs are for that usage. By Robert Doswell. Individuals also can arrange insurance with one click.
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Merck Life Sciences banks on RPA to streamline regulatory compliance
CIO Business Intelligence
JUNE 5, 2023
The pharmaceutical industry is a highly regulated one, especially for multinationals doing business across the globe.
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Midnite raises $16M for Gen Z-focused esports betting apps
Venture Beast
FEBRUARY 1, 2022
Midnite has raised $16 million to create a licensed esports betting platform in markets that allow it. The Raine Group, a global merchant bank focused exclusively on technology, media and telecommunications, led the round. As part of the round, existing investors increased their investment in London-based Midnite.
Zulily co-founders Darrell Cavens and Mark Vadon invest in ID verification tech startup Vouched
GeekWire
AUGUST 24, 2021
Its software analyzes images of photo identity documents including passports and driver’s licenses. Use cases include KYC (know your customer) in banking; employment screening; gig economy hiring; contactless hotel check-in; and more. The technology compares a user’s selfie to confirm identity. It also examines text such as addresses.
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Comparing X.509 Certificates with SSI
Phil Windley
MAY 28, 2021
Alice proves her name and date of birth using a verifiable credential representing her driver's license. She proves her income using a verifiable credential from her employer, and her banking information using a verifiable credential from her bank. The proof also shows that these credentials have not been revoked.
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137 Sell-side banks become consultants - Trends in the Living Networks
Trends in the Living Networks
OCTOBER 26, 2005
As such, the emerging domain of algorithmic trading – which largely automates trade execution – is in fact providing new ways for investment banks to create high-value relationships with the clients. However even greater value can be created by adding explicit value to clients’ decision-making processes.
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Data breach exposes 1.6 million Washington state residents who filed unemployment claims in 2020
GeekWire
FEBRUARY 1, 2021
million claims and included the person’s name, social security number and/or driver’s license or state identification number, bank information, and place of employment. SAO was reviewing all claims data as part of an audit of that fraud incident. The data involves about 1.6
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Solarflare’s Open Compute Platform, Software-Defined, NIC Card
CTOvision
MAY 16, 2017
companies, content delivery networks (CDNs), hosting companies, stock exchanges and other capital market institutions, as well as commercial and retail banks. These include leading edge cloud service providers, Web 2.0 Full stateless offload support, including double checksum and reassembly for network overlay protocols.
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SASE Reality Check: Security and SD-WAN Integration Journey
CIO Business Intelligence
NOVEMBER 1, 2022
The EdgeConnect SD-WAN is an all-in-one WAN edge branch platform and includes a Foundation license that is simpler to deploy and support for enterprises with lean IT teams and can replace existing branch routers and firewalls with a combination of SD-WAN, routing, multi-cloud on-ramps, and advanced security.
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Microsoft’s real AI battle against Google begins with the promise of new superpowers for work
GeekWire
MARCH 16, 2023
The ongoing growth reflects Microsoft’s successful transition of its Office franchises more than a decade ago from traditional software licensing and on-premises installations to the modern world of the cloud and subscription pricing. Microsoft says pricing and licensing details will be announced soon.
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Rules targeting financial criminals will require new filings for startups and small businesses
GeekWire
DECEMBER 19, 2023
There are 23 categories of exemptions, including larger businesses, nonprofits, banks and credit unions; many of these are excluded because their ownership information is captured through other means. At a high level, the reporting requirements are simple, but for some individuals and organizations it gets tricky. “But we’ll see.”
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CIOs Struggle To Find The Machine Learning Employees That They Need
The Accidental Successful CIO
SEPTEMBER 21, 2022
People with the CIO job at banks, insurers and other financial companies say efforts to expand their use of artificial intelligence are being hampered by a scarcity of both data and employees with the skills that are needed. Banks and financial institutions understand that they need more AI workers. In the U.S.,
Cloud, SaaS boost Oracle sales, but competition exacts costs
CIO Business Intelligence
MARCH 11, 2022
In the financial services sector, Oracle signed TD Bank, Silicon Valley Bank, Societe Generale in France, and the company expects to close a deal with BNP Paribas soon, Ellison said, according to a transcript from Seeking Alpha. While overall revenue including services and license support rose 4% year over year to reach $10.5
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Will enterprises soon keep their best gen AI use cases under wraps?
CIO Business Intelligence
APRIL 17, 2024
“Suddenly, you can create engaging customer-facing videos at the click of a button,” says Oliver Banks, retail consultant and author of Driving Retail Transformation: How to navigate disruption and change. The new ads were created very quickly,” says Banks. So far, Castillo has been publishing her work with open-source licenses.
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Analysis: Washington state’s response to data breach affecting 1.4M people is stunningly callous
GeekWire
FEBRUARY 10, 2021
million Washington state residents, including names, social security numbers and/or driver’s license or state identification numbers, bank information, and place of employment. This is information that is easily used for bank fraud, identity theft, or both. The breach involves the personal information of at least 1.47
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U.S. senators question Amazon about its use of palm-reading biometric data
GeekWire
AUGUST 13, 2021
Currently, Amazon is offering $10 in promotional credits to those who enroll their bank accounts in the program and link them to their Amazon accounts. How many third-party customers has Amazon sold (or licensed) Amazon One to?
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Vouched, an identity verification startup backed by Zulily co-founders, raises $6.3M
GeekWire
FEBRUARY 27, 2023
The 30-employee company was spun out of Madrona Venture Labs, the accelerator based at Madrona Venture Group in Seattle, and now serves more than 300 banks, fintech companies and healthcare providers. Vouched’s software analyzes images of photo identity documents including passports and driver’s licenses.
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Wizards of the Coast will continue supporting third-party content for D&D
GeekWire
NOVEMBER 22, 2022
currently grants permission for independent authors and creators to publish their own “homebrew” D&D material for profit under the Open Game License (OGL), a public copyright notice. 14, a Bank of America analyst downgraded Hasbro’s stock , accusing it of “killing the golden goose.”
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I built my team at Data Natives
Dataconomy
OCTOBER 27, 2017
As soon as solarisBank received its banking license, a new chapter was opened for the company, as well as for me. We faced a tough but an exciting challenge: as a tech company with a banking license, we needed a strong BI team. Last year was full of exciting events.
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DRM Protection: The Key to Securing Your eBooks
Kitaboo
APRIL 25, 2024
Mechanisms of DRM Protection Encryption Authorization and Licensing Watermarking and Traceability Controls and Permissions Expiration Control III. Intellectual Property Protection Consumer Trust Cross Platform Compatibility Regulatory Compliance Licensing Flexibility IV. Advantages of DRM Protection? Future of DRM Protection V.
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Solarflare’s Open Compute Platform, Software-Defined, NIC Card
CTOvision
MAY 9, 2017
companies, content delivery networks (CDNs), hosting companies, stock exchanges and other capital market institutions, as well as commercial and retail banks. These include leading edge cloud service providers, Web 2.0 Full stateless offload support, including double checksum and reassembly for network overlay protocols.
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The streaming service formerly known as IMDb TV is rebranding to ‘Amazon Freevee’
The Verge
APRIL 13, 2022
“Our new name clearly communicates who we are: An easy-to-navigate streaming service, available to users for free, whenever and wherever they choose to watch some of the greatest Original and licensed content available.”.
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73 How online fraudsters use genuine, stolen personal data that passes data check
Galido
MARCH 20, 2017
With the rise of more people using their handsets for online shopping and banking, they become prone to cybercrime. They use emails from reputable firms such as banks or social networks like Twitter or Facebook. A fraudster can use your details to: Open bank accounts. Check your bank statements. How to protect your data.
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