article thumbnail

Singapore’s New Digital Banks Will Change The Banking Landscape Forever, Maybe

Forrester IT

In a landmark announcement made on December 4, 2020 Singapore’s Monetary Authority (MAS) awarded banking licenses to four players, two of which will serve the retail banking market using a digital full bank license (DFB). known for […].

Banking 308
article thumbnail

Virtual banks in Hong Kong set to rekindle the retail banking experience

Forrester IT

(Co-authored with Nancy Lin, Senior Associate) The Hong Kong Monetary Authority (HKMA) recently announced 8 new virtual banking licenses in the market and their operators will all launch new digital-only banks there before or in early 2020.

Banking 241
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will enterprises soon keep their best gen AI use cases under wraps?

CIO Business Intelligence

The retail industry has no shortage of cases on display where generative AI has shown tangible benefits. Suddenly, you can create engaging customer-facing videos at the click of a button,” says Oliver Banks, retail consultant and author of Driving Retail Transformation: How to navigate disruption and change.

article thumbnail

Vouched, an identity verification startup backed by Zulily co-founders, raises $6.3M

GeekWire

The 30-employee company was spun out of Madrona Venture Labs, the accelerator based at Madrona Venture Group in Seattle, and now serves more than 300 banks, fintech companies and healthcare providers. Vouched’s software analyzes images of photo identity documents including passports and driver’s licenses. billion in 2015.

article thumbnail

U.S. senators question Amazon about its use of palm-reading biometric data

GeekWire

New Amazon CEO Andy Jassy is facing questions about how the company plans to use the data it gathers from its newly installed palm-reading scanners in some of the company’s retail outlets. Related: Our first-hand experience with Amazon’s new palm reader, and what it says about the future of retail. A group of three U.S.

Data 123
article thumbnail

Zulily co-founders Darrell Cavens and Mark Vadon invest in ID verification tech startup Vouched

GeekWire

Its software analyzes images of photo identity documents including passports and driver’s licenses. Use cases include KYC (know your customer) in banking; employment screening; gig economy hiring; contactless hotel check-in; and more. Vadon was previously chairman at Zulily, as well online pet retailer Chewy.

CTO 103
article thumbnail

The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO Business Intelligence

Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue. Its Agentware internet search tools are used by enterprises including Barclays Bank and Unilever and sold as shrink-wrapped software through retail outlets.

HP 105