KFC has rolled out Alipay's facial recognition technology at a restaurant in the Chinese city of Hangzhou, enabling hungry patrons to pay for their chicken with a smile and their mobile phone number.
Australia's largest credit union, CUA, and foreign exchange outfit Travelex are among the first four companies to adopt a new digital identity platform from Australia Post, which allows consumers to verify who they are without needing multiple forms of identification.
The Central Bank of Bahrain has opened a regulatory sandbox for fintech firms worldwide to test their technology ahead of live deployment in the Kingdom.
A US consortium exploring potential use cases for distributed ledger technology in the credit union industry is set to conduct its first live demonstration of a digital identity service next week.
Erste Bank und Sparkassen is taking advantage of new rules in Austria to let people open accounts from the comfort of their own homes via video chat.
Consumer group Which? has accused the UK's Payment System Regulator (PSR) of letting banks off the hook by not forcing them to reimburse customers who fall victim to online money transfer scams.