Latest Identity News: Finextra Research

Filtering the ethics of AI

As decision-making factors using AI become more accepted, pure economics might not align with the softer strategies of a bank. Many financial institutions are questioning how artificial intelligence must be governed within an organisation and how it can be taught to align with a bank’s brand and ethos, but without influence from human judgement.

03 September 2019

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Dissecting AI hype and FOMO

While artificial intelligence is transforming several industries, the financial sector has a lot to learn from specific case studies in non-banking areas such as health, travel and retail. To start at the beginning, despite the term AI having been bandied about with a number of different definitions, the actual definition is simple: technology that appears intelligent.

19 August 2019

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South Korean banks join Samsung and telcos in blockchain ID project

KEB Hana Bank and Woori Bank in South Korea are collaborating with Koscom, Samsung Electronics and three leading telcos to develop a blockchain-based system for storing digital identities.

15 July 2019

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SIX acquires stake in digital ID startup PXL Vision

SIX FinTech Ventures has acquired a stake in Zurich-based digital identity verification and customer onboarding start-up PXL Vision.

02 July 2019

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Regulators and politicians respond to Facebook's crypto plans

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.

19 June 2019

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BoE issues cyber attack warning

Banks would struggle to defend themselves against a state-sponsored cyber attack that corrupted their records over a period of months, according to a Bank of England (BoE) official.

19 June 2019

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Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

18 June 2019

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Nordic banks to cut compliance staff in favour of robots

Two of the Nordics' biggest banks, Nordea and Danske Bank, expect to significantly reduce the number of staff employed in its compliance and financial crime departments and instead turn to robotics and artificial intelligence.

17 June 2019

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Money 20/20 Europe 2019 Q&A: Rabobank’s Nico Strauss and Signicat’s John Erik Setsaas

Following their panel on why KYC is seen as a necessary evil, Finextra spoke to Nico Strauss, Tribe Lead B2B services at Rabobank and John Erik Setsaas, VP of Identity and Innovation at Signicat about how KYC could be used for social good, why digital identity is crucial for vulnerable groups like migrants and the impact of PSD2.

12 June 2019

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Money 20/20 Europe 2019: The interplay of AI, cloud, blockchain and quantum computing

On the final day of Money 20/20 Europe 2019 in Amsterdam, Jesse McWaters, financial innovation lead at the World Economic Forum starts the day discussing the interplay of AI, cloud, blockchain and quantum computing, and what happens when it all collides.

05 June 2019

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Payment firms raise fears over EU security rules

A lack of preparedness for the EU's new regulations on authentication could cost Europe's online economy more than €50bn according to a number of payment processors and e-commerce merchants.

04 June 2019

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Canadian bank-backed blockchain-based ID verification system launches

A Canadian blockchain-based digital identity verification network backed by the country's banking industry has gone live, giving people an easy way to share their personal information.

01 May 2019

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