2020 will be the year of blockchain: #BlockchainTrends to watch
Each year, we take one step forward to bring blockchain towards mainstream adoption. In 2019, we have matured in our concepts surrounding distributed ledgers, smart contracts, and how are they used to build innovative solutions. Businesses across industries have been...
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Blockchain use cases for KYC and AML
Know Your Customers (KYC) and Anti-Money Laundering (AML) are some of the most critical compliances all banks and financial institutions must adhere to. To meet KYC/AML compliances, they are required to maintain specific records of their customers to prevent money...
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Alternative finance to fuel industry growth
Even though banks remain key players in the finance industry, alternative finance and online lending platforms are witnessing immense growth. According to the report by the Federal Reserve, alternative lenders garnered around 32% of all business loan applications in...
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Block.one announces EOSIO 2 for faster and simpler DApp development
EOSIO 2, the second iteration of EOS blockchain has been recently introduced to the world keeping blockchain developers in mind. The main objective behind EOSIO 2 is to offer a faster, simpler, and more secure environment for developers to build on EOS blockchain. In...
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Using AI against payment frauds
From peer to peer payments to real-time international transfers, the finance sector is growing rapidly with a blistering urgency of meeting customer demands. Open banking has unlocked a whole new realm for businesses to exploit the bank data and create innovative...
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Akeo bags Gazelle award yet again; aims for new heights
Recognised as a ´Gazelle Business´ for the third time Today, Akeo was awarded the title “Gazelle Business” for the third consecutive year. The award is given to Norwegian companies with proven and sustainable economic growth. “We are very proud to be a Gazelle business in Norway for the third time, as it speaks to the…
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How can credit unions leverage Open Banking
The market share of credit unions (CUs) in the finance sector is only a fraction of their bank counterparts. However, they play a valuable part in building a healthy banking sector. They also tend to offer more inclusive banking than some commercial banks. According...
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If blockchain is so secure, then how are the exchanges getting hacked?
How the blockchain secures data? The technology works literally like their name; the data/transaction is stored in a chain of “blocks”. Each set of information or the block is linked to the block before it or after it. As a result, the data is difficult to tamper with...
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Top 3 challenges blockchain faces to disrupt the banking industry
Blockchain has been one of the most talked-about technologies within the banking sector, given its potential to revolutionize services therein. The hype around the technology has led financial institutions to invest millions of dollars in finding out ways of applying...
read moreHow to become a PISP player under PSD2?
The Revised Payment Services Directive has been working on to build a framework for the Third Party Providers like PISP (Payment Initiation Service Provider) and AISP (Account Information Service Provider) to develop services on top of bank’s data. Open Banking under PSD2 has made it all possible with bringing the focus on access to the…
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DAG Technology: Going beyond Blockchain
Similar to the internet in its early days, blockchain technology has experienced massive shifts in acceptance and use cases in a short span of time. The underlying technology to Bitcoin is being leveraged by large organizations to disrupt almost all operations and...
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Open Banking in the UK: What has changed so far
Since January 2018, when the UK embarked on its open banking experiment, we have heard a lot about it. Now the regulation is almost two years old, we believe that there have been visible changes in the financial landscape, especially for big banks and firms willing to...
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How will Open Banking impact the market for lending
With open banking leading the way, large banks, financial institutions, and aspiring third party providers are preparing to redefine the financial services. They will produce more personalized products and services catering to the financial needs of the consumers....
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Why Hyperledger Fabric will Win Against R3 Corda and Quorum?
Blockchain as an emerging technology has not yet reached the ground level and yet the disruptive technology has seen five generations. While the first two generations, Bitcoin and Ethereum were public, permissionless blockchains, Hyperledger Fabric, Corda and Quorum are private and permissioned blockchains. Why this paradigm shift in technology when it was aimed to be…
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How Big Data can benefit the finance industry
The vast growth of data and technological advancements have significantly transformed the way industries operate and compete. Today, businesses in the finance industry are continuously adopting data-driven approaches to amplify investment decisions and attain...
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