How this digital-only bank lowers risk of sign-up fraud

By Brian Yurcan, February 27, 2018 “Offering new customers an entirely mobile and digital account opening process is still a challenge for many banks, partly because of added difficulty in meeting know-your-customer requirements and preventing fraud in instances when a customer isn’t sitting across the desk. But some banks are using application programming interfaces, or…

Mind the Gap: Addressing Challenges to FinTech Adoption

After nearly a decade of growth for the fintech sector, it has taken a foothold in financial services. The ability to quickly adopt external innovation is creating competitive advantages for financial services companies. Entrepreneurial fintechs decreasingly see themselves as competitors with large financial institutions, but rather as partners in a large, highly regulated marketplace. Financial…

GreenKey “Voice-Enables” Wall Street Via OpenFin; Creates First Industry Standard for Voice Applications

NEW YORK, Feb. 14, 2018 /PRNewswire/ — GreenKey Technologies, creator of patented voice software with integrated speech recognition designed for the financial markets, today announced that the firm will release its voice API through OpenFin’s plugin architecture. OpenFin is the secure desktop operating system used by 45 of the world’s largest banks, buy-side and trading platforms. The move brings the…

New York Life values insurtechs with business-based creativity

By Don Desiderato This is a transformative moment for technology entrepreneurs to partner with the insurance industry. More than ever before, insurers are combining awareness of technology’s benefits with an openness to embracing technological change. That’s because heightened customer expectations and advances in technology are converging to create an extraordinary opportunity for those insurers ready…

How an entrepreneur and Fortune 500 CEO taps into hard earned lessons as a fintech mentor

By Cris Conde As I write, I’m just completing five days of intensive interviews in London with candidates for the Lab here. In my role as an entrepreneur-in-residence at the Fintech Innovation Lab, these experiences are often dizzying in one respect, bracing in another. I’ve never seen a wider extent of innovation and opportunity any…

Cambridge Blockchain

Cambridge Blockchain and IHS Markit join forces to bring DLT to KYC data collection

Cambridge Blockchain and IHS Markit have teamed up to bring distributed digital identity technology to the collection and management of know-your-customer information. KYC costs now exceed $500 million a year for big banks, while strict data privacy rules such as the European GDPR limit the ability to access validated customer identity attributes and come with…

behaviosec

BehavioSec Raises $17.5M Series B Investment Led by Trident Capital Cybersecurity to Accelerate Global Expansion

PALO ALTO, CALIFORNIA, 29 JAN, 2018 BehavioSec, the pioneer in continuous authentication through behavioral biometrics, announced today that it has raised a $17.5 million Series B investment, led by Trident Capital Cybersecurity.  Cisco Investments and ABN AMRO also joined the round alongside existing investors Octopus Ventures and Conor Venture Partners.  Alberto Yepez and Ken Gonzalez…

ASX Gives Digital Asset’s Technology Green Light to Replace CHESS

ASX today announces its intention to replace CHESS using distributed ledger technology (DLT) developed by its technology partner Digital Asset (DA) CHESS (Clearing House Electronic Subregister System) is the system used by ASX to record shareholdings and manage the clearing and settlement of equity transactions in Australia. It was world-leading when introduced in the 1990s, providing name-on-register…

Alumni Perspective: How the Lab Helped My AI Company Get Into Fintech

By Paul Nemirovsky My company, dMetrics, was selected as part of the 2017 FinTech Innovation Lab cohort. Since wrapping up the program with Demo Day in June, I’ve had a chance to reflect on exactly what we got out of the program. Unlike most of the Lab’s companies, dMetrics wasn’t started to serve financial clients.…