Banking

Prove announces at Money20/20 Europe that its motion-based behavioral biometrics solutions are now available in 195 countries and help businesses make identity authentication easier and safer for users

The evolution of the bank-FinTech narrative brought us to a logical point when FinTech is no longer perceived as a threat to traditional banking, but rather as an instrument in re-establishing their position in the financial services industry.

The use of mobile banking continues its climb towards ubiquity: the Federal Reserve study published in 2016 indicated that 43% of all mobile phone owners with a bank account had used mobile banking.

The Internet of Things (IoT) is grabbing headlines of all technology news portals.

Bank branches are here to stay regardless of the desires of financial institutions to cut the costs of maintaining them in the face of fierce neobank competition.

A look at the investment and acquisition deals of 2018.

Another 12 banks have joined the blockchain consortium led by startup R3 CEV.

Now hop on to SmartDeposit, the new feature from Betterment that offers an automated investing solution for excess cash in your bank account.

Neobanks are providing a digital version of traditional banking and innovatively working on building customer-centric products as part of their collective mission to build trust in new-age FinTech banking services.

In FinTech, as in many other areas of technology, there has been a focus on making legacy products more mobile, more transparent, and less expensive.

Ripple announced today that several global banks are joining forces to establish the first interbank group for global payments based on distributed financial technology.

The financial services industry is still finding its footing in open banking.