Prove Blog

Digital challenger banks are transforming the way banking is viewed by the consumers and the market.

Neobanks came to the fore with simple yet efficient solutions for millennials and the working Gen Z population.

An excerpt from Aite-Novarica Group’s Impact Brief outlining the benefits of Prove Pre-Fill™, winner of their 2021 Impact Innovation Award in Fraud and AML (Customer Experience category).

Some of the interesting accelerators/incubators/innovation labs focused on financial and other types of technological innovations worldwide.

As we evolve into a more phone-centric and mobile-first world, digital identification is becoming a powerful tool to enable safer and more secure transactions and digital interactions.

The right take on digital identity and mobile phone-based identity verification can increase security while enhancing customer experience.

Large US and European banks are spending $20 billion a year on technology to help them comply with newly evolving regulations such as MiFID and PSD2.

Neobanks started a paradigm shift in financial services with a customer-centric core, which legacy banks could not offer.

Multi-factor authentication serves as an extra layer of security, designed specifically to prevent fraud caused by what security experts call the domino effect.

Thanks to consumerism and the possibility of purchasing a commodity in real time, without having to pay immediately, BNPL has become extremely popular among the tech-savvy smartphone generation.

According to surveys by the Asian Development Bank, SMEs face rejection rates as high as 45%.

In this article, we’ll focus on some leading banks and their venture capital arms.