Financial Regulator Authorizes 9 Fintech, Blockchain Firms

Financial Regulator Authorizes 9 Fintech, Blockchain Firms for Trial Operations The South Korean Financial Services Commission (FSC) has authorized nine fintech companies to operate in the country as part of a regulatory sandbox, English-language local media The Korea Times reported on May 2. Per the report, the regulator has named the aforementioned nine startups and…

“VISA network could be run on just two mobile devices”

“VISA network could be run on just two mobile devices “VISA network could be run on just two mobile devices” Cryptocurrency temtum (TEM) and its Temporal Blockchain can now handle the average 1,700 transactions per second throughput of the VISA network, across just two Samsung S10 android devices, while the entire 56,000 TPS capacity of VISA could…

NEXT Biometrics Provides Card Specification for Payment Network

NEXT Biometrics Provides Card Specification for Payment Network   NEXT Biometrics Provides Card Specification for Payment Network NEXT Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor technology, announces that the Company is supporting one of the top five US payment networks in mapping out biometric system-on-card (BSoC) specifications for payment smart cards. The…

GFIN selects eight firms for cross-border testing pilot

GFIN selects eight firms for cross-border testing pilot Written by FinTech Futures  2nd May 2019 The Global Financial Innovation Network (GFIN) has chosen eight firms to develop testing plans with regulators for cross-border trials, reports Jane Connolly. “Committed to supporting financial innovation in the interests of consumers” Formally launched in January – following the Financial Conduct Authority (FCA)’s…

FreedomPay Reveals the ‘Key to Unlock Loyalty’ in Today’s Retail World

Christopher Kronenthal, CTO and President of FreedomPay, speaking at the RetailEXPO in London today reveals shifting the emphasis from a purely ‘tactical approach’ to ‘supporting technology’ holds the key to unlocking the true value of loyalty – increasing revenue and preventing customer churn. FreedomPay, the global leader in secure commerce technology for lodging, retail, restaurants,…