Fintech, Finance, Technology, Banking Highlights – 5 October 2018
Fujitsu Develops Non-contact Biometric Integration Technology as an Optimal Solution for a Cashless Society
Fujitsu Laboratories Ltd. today announces development of a non-contact, integrated biometric authentication technology that can identify a person using only their palm vein and facial data.
Developed jointly with Fujitsu R&D Center Co., Ltd., the technology represents a step closer to the creation of a cashless society. To enable biometric authentication that would confirm a person’s identity at brick-and-mortar stores or for admissions at event venues, streamlining searches of a huge volume of registered biometric data – on a scale of one million users — had required narrowing down the subject person by using cards or other forms of data. Fujitsu has now developed technology that enables a smooth payment procedure in which users only need to hold their hands over a terminal, while the identity of the subject individual is narrowed down by facial image effortlessly captured using the payment terminal and camera set in close proximity.
AccountsIQ Partners with TransferMate Global Payments to Save Customers Time and Money
TransferMate Global Payments, the global B2B payments technology company partly owned by AIB and ING Group, has partnered with AccountsIQ to offer its customers a new way to access preferential FX rates for payments, saving them time and money with an automated solution within the AccountsIQ finance system.
AccountsIQ’s clients include Web Summit, Gaelectric, Nuritas and Altratech.
Gary Conroy, TransferMate’s Chief Product Officer commented, “TransferMate is delighted to announce this new partnership with AccountsIQ. With a growing global client base, more AccountsIQ users are demanding simpler, faster and more cost-effective foreign currency payment solutions.
TransferMate’s integration with AccountsIQ software, streamlines making an FX payment, right inside the Accounts IQ platform. This provides a preferential exchange rate and lower fees than a traditional bank along with huge time savings for accounts teams. A key driver of TransferMate’s growth is deep strategic partnerships with accountancy software providers and we are really excited to be working with Accounts IQ.”
Darren Cran, AccountsIQ’s UK MD, said: “This FX payments solution is far quicker and cheaper than people have been used to. It will make a real difference to senior finance staff’s time. We’re thrilled to be able to give back time and money to our customers with such a simple solution. After using this solution, customers will wonder how they ever did it the old way.”
P2P Lending Marketplace Mintos Partners with Payments Company Trustly
Trustly, the European payments company, has partnered with Mintos, a global online marketplace for loans which provides retail investors with a way to invest in loans from around the world.
By implementing Trustly’s direct online banking payments, Mintos now allows investors to easily transfer funds – in real-time – to and from bank accounts across 29 European countries. The collaboration will facilitate and simplify investors to invest in credits through the Mintos marketplace.
Mintos has a fast-growing customer base and the number of investors using the platform is expected to reach 100,000 by the end of the year. With Trustly’s method for direct online bank transfers, the investors using the Mintos marketplace will be able to transfer money in real-time, without having to wait as is required with conventional clearing systems. During the test period in the Baltics, 80% of newly registered investors chose to transfer their funds with Trustly because of its speed and convenience.
Martins Sulte, CEO and co-founder at Mintos said: “Our partnership with Trustly is a natural fit and we are committed to facilitating the efficient movement of capital beyond borders. To offer fast and highly secure transfers it is important to meet our investors demand for a seamless, fast and simple user experience. We are very pleased to be able to grow our offer with both an in-demand payment method and the unrivalled European coverage that Trustly provides.”
