Dear Subscriber,

In this week’s newsletter, Trulioo’s Zac Cohen explains how access to data, advanced technologies, and changes in legislation are speeding up due diligence when onboarding business customers.

Elsewhere, bobsguide’s David Beach provides insight into the digitisation of pocket money, and Suresh Rajagopalan, President, Software Products for FSS, discusses the use of tokenized identities in combating fraud.

It can take weeks – even months – to complete customer due diligence (CDD) when onboarding new business customers. This not only costs time and valuable resources, but also losses in business and revenue opportunities. However, with the right technologies in place, CDD takes only minutes to complete.

With several apps teaching children (and parents!) the value of saving their pocket money, what does it mean for the banking industry?

With an exponential growth in identity-dependent digital transactions, safeguarding identity credentials and preventing unauthorized access becomes exceedingly important to secure public trust.

Saxo Payments Banking Circle sets out its predictions for 2018.

We are pleased to announce a special winter offer from Maxpay and Covery for all new merchants who join us before the end of February 2018.

The Helsinki-based company has raised €2.5m in equity funding to boost its expansion in Europe, and to develop cryptocurrency-based investment services for traditional investors.