Physical possession of identity documents helps prove a person
is who they claim to be.
But criminals can steal personal information via data breaches
- or purchase on the dark web – and open online bank accounts, digital wallets and
crypto trading apps.
Data Zoo is fighting back with a US patented, global solution
to this digital identity problem.
The
innovative elements of the proprietary solution include layered
verification to create a compound digital identity - and a real-time dynamic
trust scoring system - by combining government-issued documents with online
identity sources and other relevant details like open banking data.
The Fintech sector is battening down the hatches as rising interest rates & inflation have put the brakes on investment in the space.However, in amongst the gloom there are some positive stories emerging.Parpera - the banking app for sole traders and small businesses - recently re-launched with a raft of new solutions, having previously been forced into pausing operations as their core banking providing ceased trading.At the recent Fintech Australia 'Intersekt' conference, Parpera founder Daniel Cannizarro sat down with Ben 'Fintech' Ford to discuss both his own & Parpera's roller-coaster journey to date.https://www.youtube.com/watch?v=y65SSTdt_Zc&list=PL4ITSyTPE_IvPIXDNcQ4Fnwvu-xpIhRXM&index=37
Bunq founder, Ali Niknam shared some of the Dutch neobank unicorn's secrets, as well as elaborating on the bank's 2022 financials, during a packed session at Money 20/20 Europe.Niknam revealed that quarterly profitability for Bunq was achieved at the end of 2022, despite the distraction of a landmark battle (which Bunq subsequently won) with the Dutch regulator over best practise when onboarding new customers for AML / KYC.The next battle for Bunq is the US, where it will avoid an acquisition strategy and instead aim to get licensed and build from the ground up.Full report below:https://assets-global.website-files.com/63b43f001c7774d38d5f3a2d/6480abaf1363b6fe9f50fbe2_2022_Annual-Report.pdf
