Technologies driving Fintech in the year 2020
Banking and financial services for the last few years have turned fast-paced with the adoption of technology. Fintech is said to be the epicentre of this change. Companies including Google, Facebook, Uber, and Amazon have entered the fintech realm, which is developing...
Celebrating Akeo’s 8 glorious years
It’s the time of the year when the entire Akeo comes together to celebrate the successes of the past year. The event began with a bang with a speech from our Chief Innovation Officer, Ashish Gupta. “We always have the scope to create possibilities in our life. But do...
Blockchain Pitch Deck was organized at Akeo: Bringing Blockchain to solve environmental issues
As technology advances and devices are becoming smarter, innovative solutions are being developed to solve environmental issues. Business leaders and tech enthusiasts are trying to find solutions in blockchain technology - given its ability to store and transfer data...
Peer to Peer lending driving growth for SMEs
Access to formal and affordable channels of credit has always been a problem for small and medium enterprises (SMEs). It remains one of the most painful points among SMEs in major countries, including India and the US. Despite their significant contribution to the...
Hyperledger Fabric 2.0 – What’s new?
Hyperledger has recently announced the updated version of its most popular blockchain framework – Hyperledger Fabric. The new version is called Hyperleder Fabric 2.0 and comes equipped with a number of features to make it more user-friendly and secure. ...
Financial data opening the market for new possibilities
Until recently, financial data has remained an untapped powerhouse of insights. Since Open Banking gained traction in Europe and several other continents, this data is empowering customers instead of being locked away in banks’ vaults. Data insights have become a part...
Why small and medium-sized enterprises should adopt blockchain?
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...
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...
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...
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...
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...
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…
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...
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...
