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Revolut | February 05, 2020
When London-based Revolut opens its virtual doors in America this year, it will be the latest European digital bank to challenge incumbent U.S. lending giants after forays by Monzo and N26, but the challenges it faces have not diminished. While the start-ups are experiencing fast growth at home, a crowded market, complex regulatory environment and different customer needs make it hard to stand out in the United States, financial-technology executives, investors and analysts say. Revolut and its ...
Citi | February 18, 2020
Citi has become the latest banking giant to take a stake in Contour, the blockchain-based trade finance platform which made its commercial launch last month. Set up by eight banks, including ING, BNP Paribas and HSBC in 2018, Contour has seen its ranks swell over the last two years, with Citi Ventures the latest to invest in the network. Formally known as Voltron, Contour uses R3’s Corda blockchain platform for a global network designed to digitise and modernise the $18 trillion trade fina...
Mastercard | January 31, 2020
Mastercard has made a strategic investment in AI-generated identity authentication company Trust Stamp. Trust Stamp is a graduate of the 2018 Mastercard Start Path accelerator programme. The two companies introduced their first collaboration with a secure non-PII authentication network for both online and offline environments at the June 2019 ID4Africa conference in Johannesburg, South Africa. Trust Stamp's technology maps biometric identity data which is translated into a proprietary hash, ...
Visa | May 18, 2020
Visa has filed an application for a U.S. patent on a computer system that would convert physical dollars into digital versions.
The system would then remove the paper currency from circulation.
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