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Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

The 2020 outlook report from the National Restaurant Association was released today and it paints a picture of an industry dealing with the countercurrents of solid consumer spending and disruptive technology. In fact, by 2030, the National Restaurant Association expects that technology could completely change the face of dining.

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How To Build A Digital ID In Layers

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In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. An ambitious goal, to be sure, and one that the U.N. The Micro Level.

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TRENDING: Why Grocery Stores Want Autonomous Vehicle Delivery

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Investment in Intelligence of Things (IoT) is expected to surge in the coming years, with companies projected to increase spending on the design, creation and operation of IoT solutions from $186.1 Recently, the National Institute of Standards and Technology drafted a report advising federal agencies on IoT security. billion by 2023.

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 World Bank Sees DLT Potential For Cross-Border Transactions

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Consider the fact that current processes involving funds making their way across borders must navigate the vagaries of time zones (and hours of operation) and also navigate across several banks. Thus, costs are high and speeds are less than optimal. These shortcomings make the cross-border payment industry ripe for disruption and innovation.

Course 153
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AML/KYC Compliance Just Got Harder

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Some operators said no way, moving to countries with more relaxed rules, or simply shuttering. The United Nations (UN) actually wants to use identity to help end poverty, calling for a digital ID for every living person by 2030. The European Union’s Fifth Anti-Money Laundering Directive ( 5AMLD ) went into force on Jan.

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Deep Dive: The Latest Initiatives To Expand Mobile IDs

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The world’s population is expanding and many citizens — particularly those in developing nations — have no means of proving their identities, restricting their access to vital services like education and healthcare. The government plans to adapt SingPass for smartphones this year by rolling out a new national digital identity (NDI).

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For Brexit, Uncertainty The Only Certainty

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As if on cue, too, data showed the continued impact of Brexit on the nation, as Monday saw the debut of data from the Office for National Statistics, which showed that gross domestic product for the three months that ended in October slowed to 40 basis points year over year, down from 60 basis points. 27-member bloc by 2030.

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