Bank Innovation

MAY 9, 2018

Long-time fintech analysts have low expectations for Facebook's newly unveiled blockchain initiative to be headed by PayPal's former president. Further, analysts suspect the effort might not center on using blockchain to offer financial services on the Facebook platform. "[I]

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Bank Innovation

JULY 8, 2016

Facebook Messenger is increasing its security in a bid to be your primary messaging app — and maybe your primary banking app, too.

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Bank Innovation

JUNE 18, 2019

unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. Facebook Inc.

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PYMNTS

OCTOBER 11, 2018

In a post on its Toutiao social media account, Reuters reported it said users who linked their accounts via Apple IDs should lower their transaction limits. Reuters noted the breach shines a light on the security challenges payment companies in China face.

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AUGUST 27, 2019

Facebook’s Libra cryptocurrency project is working with HackerOne on a bug bounty for applications built on its blockchain, TechCrunch reported on Tuesday (Aug. We are launching this bug bounty now, well before the Libra Blockchain is live.

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SEPTEMBER 24, 2019

In the ongoing move to embrace blockchain, Facebook may have its allies. As reported, the social media giant has some support from IBM. IBM has said it is “willing” to work with Facebook on blockchain, as noted by an IBM executive. Separately, other tech giants are getting into the blockchain fray. Cisco, Too.

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PYMNTS

MAY 8, 2019

Facebook is shoring up its secretive blockchain team with hires from PayPal, according to a report by Bloomberg , and the company might be planning to release its own type of cryptocurrency, which could be announced as soon as the next quarter. The hiring is being driven by David Marcus, former PayPal leader.

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JUNE 13, 2019

billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data. The Drawbacks of Complex Security. AI Solutions for Balancing Security and Convenience. More than 4.5

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PYMNTS

MAY 10, 2017

Némethi had never been a migrant, but he had been an immigrant — and he knew that something as simple as securing a bank account is not so simple for a stranger in a strange land. “It The Power of the Blockchain. The system could be built not using blockchain, because we use the blockchain as proof of existence not for storing data.

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APRIL 21, 2020

The scams often impersonate legitimate companies and have fake social media accounts. In the crypto and blockchain sphere, Ripple said integrity is important — and hard to attain with the presence of so many fraudulent actors and predatory scams.

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PYMNTS

MAY 16, 2018

At least one thing is clear about Facebook ’s new interest in blockchain: It will help the social media giant keep up with the Joneses. No one outside Facebook has yet cracked why the company is creating a blockchain unit and putting David Marcus, one of its senior executives, in charge of it. “Could it be? .

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PYMNTS

NOVEMBER 12, 2018

This time, South Korean blockchain company Pure Bit has reportedly stolen $2.7 According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. Another exit scam has hit the crypto world.

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PYMNTS

JANUARY 31, 2018

For years, throughout the volatility of cryptocurrency values, some industry experts have assured investors and innovators that blockchain is the disruptor in which the market should place its faith. Bitcoin and blockchain creator Satoshi Nakamoto developed these tools nearly a decade ago, he said. The reality is not quite so great.”.

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SEPTEMBER 2, 2019

“It is scheduled for release in the first half of 2020 by the very same people who had to explain themselves in front of legislators in the United States and the European Union on the threats to our democracies resulting from their handling of personal data on their social media platform,” Mersch said. He said to forget the 1.7

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PYMNTS

JULY 27, 2017

Security in the digital age is a goal for most retailers and consumers — and nearly everyone else in the business world. When it comes to personal information, especially data linked to payment accounts, the level of privacy and accuracy of security are key in keeping the retail world spinning. In other U.S.

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Bank Innovation

SEPTEMBER 7, 2016

The afternoon session brought on the blockchain. The morning session at BBVA Open Talent Challenge was all about artificial intelligence. From these sessions, two winners were chosen that will have the chance to engage with a global bank — perhaps the ultimate prize for a fintech startup today. The challenge was part Read More.

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Insights on Business

FEBRUARY 10, 2019

Blockchain is one of the hottest movements in the financial services industry, but people continue to question where it exists on the hype cycle at every major conference I attend. Also, stop by booth 535 to see live demos and speak with blockchain experts. Digitizing the Flow of Goods, Information and Money with Blockchain.

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PYMNTS

MAY 23, 2019

We have learned valuable lessons about our customers and the crypto market, and on how to design blockchain and crypto applications,” they said. In other news, Thailand‘s oldest bank, Siam Commercial Bank (SCB), will be experimenting with blockchain technology, powered by Ripple.

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PYMNTS

SEPTEMBER 11, 2019

The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation. We are engaging in constructive dialogue with FINMA and are encouraged to see a feasible pathway for an open-source blockchain network to become a regulated, low-friction, high-security payment system.”.

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PYMNTS

OCTOBER 14, 2019

China Construction Bank ’s vice president has revealed that the bank has added new abilities to its trade finance blockchain platform, including cross-chain and inter-bank transactions. In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project.

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PYMNTS

APRIL 27, 2020

Employing professionals to build out AI solutions, integrate automation into customer flows, and develop blockchain-based offerings is costly, and banks that lean on these tools to attract customers without implementing the appropriate security protocols could find themselves plagued by fraud or faced with compliance challenges.

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PYMNTS

JUNE 11, 2019

In fact, a recent study found that cell phone numbers were the fifth-most-important part of respondents’ identities, following Social Security numbers, driver’s licenses, dates of birth and home addresses. Another technology giant is leading the charge with blockchain. Developments from around the Digital Identity World.

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AUGUST 18, 2019

Waters has been a vocal critic of the social media giant’s plans for its own digital currency. Carolyn Maloney, Lacy Clay, Al Green and Stephen Lynch — who wrote a letter calling for Facebook to stop its plans, citing risks to security, financial stability and the control the U.S. Last month she — along with Reps.

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SEPTEMBER 25, 2018

Emergent Technology, the blockchain technology company, announced on Tuesday (Sept. According to Emergent Technology, Trust Stamp’s main application uses facial biometrics and proof of life tests to create unique and secure digital identities. 25) that it has made a strategic investment in T Stamp Inc.

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SEPTEMBER 8, 2019

which oversees LINE’s digital asset and blockchain business units. Last month, the company revealed that it has also been working to launch five new decentralized apps (“dApps”) in the following service categories: prediction, Q&A, product review, food review, and location review using social media.

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SEPTEMBER 27, 2019

Crypto startup RSK will buy Spanish social media network Taringa in a bid to expand and to gain access to the platform’s 20 million users, according to a report by Forbes. RSK, a subsidiary of IOVLabs, is self-described as the “first open-source, smart contract platform secured by the bitcoin network.”.

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JULY 13, 2020

Celebrities including Floyd Mayweather and DJ Khaled backed the project on social media. Securities and Exchanges Commission (SEC) charged California’s Abra for failing to register before offering and selling securities-based swaps. And, the U.S.

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PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk. It would then use the information to recommend products.

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JULY 23, 2019

The social media giant is now compelled to address a growing number of fabricated exchanges associated with its digital asset, The Washington Post reported on Tuesday (July 23). The Libra ecosystem consists of new rails, the Libra blockchain, built by Facebook engineers.

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PYMNTS

OCTOBER 29, 2019

The Inter-American Development Bank is launching a two-year blockchain project for land registries in three Latin American countries. Phase One will involve figuring out how to connect land registries to the blockchain in a secure way, as well as what technology to use. I personally don’t believe Libra will succeed,” he said.

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PYMNTS

JANUARY 1, 2021

In other news, Miami Mayor Francis Suarez, a nonstop social media cheerleader for the notion of building a high-tech ecosystem in South Florida, publicly embraced exploring using cryptocurrency to store some government financial reserves and blockchain to secure processes such as online voting.

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PYMNTS

MARCH 31, 2017

Rather than the traditional centralized route of going to countless investor meetings to raise funds and fill out the red tape paperwork, business ideas are spread in a decentralized manner through social media and crowdsourcing fundraiser sites like GoFundMe. Blockchain Technology and The Sharing Economy. Decentralized.

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Bank Innovation

SEPTEMBER 27, 2017

Talk has shifted from last year’s discussions on blockchain and chatbots to artificial intelligence and cloud-based cores. Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation? Many […].

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PYMNTS

JANUARY 17, 2020

Preventing fraud with seamless and secure onboarding solutions is key. They collect large swaths of data from customers’ devices, social media accounts and other sources and seamlessly integrate that information into existing operating systems, saving businesses time and money. Going Beyond Typical Biometrics and Blockchain.

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PYMNTS

MARCH 23, 2020

Both Kik and the Securities and Exchange Commission (SEC) are seeking a quick end to their legal dispute, CoinDesk reported. It contended that it had not had an unregistered securities sale as of the beginning of 2018 when the SEC first acted. securities rules. Kik contended in its summary judgment motion that it followed U.S.

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JUNE 2, 2019

According to Hard Fork , security firm East Security discovered that the hackers sent a phishing email to UpBit users asking for more information from customers regarding a fake sweepstakes payout. East Security believes a North Korean hacking group called Kim Soo-Ki is responsible for the email scam.

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PYMNTS

MAY 30, 2018

The Securities and Exchange Commission (SEC) announced on Tuesday (May 29) that it has obtained a court order to stop a fraudulent initial coin offering (ICO) allegedly run by Titanium Blockchain Infrastructure Services Inc. which has raised as much as $21 million from investors in and outside the U.S.

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