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...

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...

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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