Facebook course corrects Libra blockchain to appeal regulators

Facebook, the social media giant, had unveiled ‘Libra blockchain’ in June 2019. Soon after the launch, Libra started receiving backlash from all nooks and corners. The central banks and regulators...

The impact of COVID-19 on the Fintech industry

COVID-19 has left the world alarmed and confused as the global economy has come to a halt. Numerous industries are witnessing dramatic revenue losses. The fintech industry is no exception. Fintech...

How businesses are using technology to fight coronavirus

The sudden emergence of coronavirus or COVID-19 has left the world alarmed and confused. Out of 195, the virus has infected 192 nations across the globe. Amidst the lockdown, the virus has created a...

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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How 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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How PSD2 is a massive opportunity for online merchants

PSD2 is coming into force on this 14th September to set standards for fraud prevention, data usage, and transparent online payments across the EU. The idea behind the directive is to safeguard online transactions, unify the payment system, as well as promote new and...

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