Banking

Here are some interesting examples of machine learning applications in banking.

Electronic payments globally are being adopted at an outstanding pace combined with rapid technology development and digital experience improvement.

Silicon Valley Bank, the bank of the world’s most innovative companies, announced it had acquired the assets and team from startup company Standard Treasury to accelerate the development of its banking services APIs.

With the implementation of PSD2 in Europe, banks’ monopoly on their customer’s account information will likely disappear.

SIM Swap, also known as SIM Splitting or SIM jacking is a fraudulent activity, where a fraudster takes complete control of users’ phone accounts by either porting or cloning their SIM without their knowledge.

This article from talks about Open Banking, which is one of the biggest moments in banking history that just went unnoticed.

Behavioral biometrics solutions are able to create a more precise picture of the user by examining a range of behavioral patterns.

FINO PayTech operates the largest network of business correspondents in India that help banks and reach out to customers in the countryside.

In the last two to three years, with the rise of open banking, APIs in general and financial infrastructure APIs, in particular, have been of much interest.

Is it possible to open, verify, AND fund a bank account in 90 seconds or less? Leading banking software company Temenos recently shared proof that this is indeed achievable using Prove's Pre-fill solution powered by Phone-Centric Identity.

A host of banking API providers has expanded opportunities for entrepreneurs to build solutions for different segments of the financial services industry.

Prove has architected a trust and identity platform to help the nation stay several steps ahead of attackers that exploit vulnerabilities in telecommunication systems.