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  • user 8:40 am on July 27, 2018 Permalink | Reply
    Tags: , hardware   

    360Lock: how hardware startup integrates blockchain technologies. 

    360lock – padlock

    360LOCK it’s a smart multifunctional padlock that aim to certify the operations of the users by Ethereum.

    Milan, July 2018

    It is the Third Millennium padlock, a + software product that can guarantee the safety of motorbikes, bicycles and more.

    It’s called 360LOCK (http://360lock.4-storm.com) and it is one of the products coming from 4storm startup, which designs, manufactures and launches innovative solutions in the IoT, outdoor and professional fields.

    360LOCK is a unique (smart) electronic lock: a robust hardware, resistant to shocks, dust and water, connected with RFID / Bluetooth , modular and rechargeable simply through a micro usb.

    An IoT (Internet of Things) device able to maximize and simplify users’ experience and requests at the same time.

    360LOCK comes with a rechargeable battery (with an energy saving system of activation / deactivation to ensure a long life) and a very robust structure: the padlock can be opened via an RFID bracelet or via bluetooth with your favorite device, such as smartphone or smartwatch.

    360LOCK works with an high security anti-hacking protocol developed in collaboration with the Faculty of Information Technology of the University of Camerino. Furthermore, the cloud platform introduces a certification of the activities supported by the blockchain Ethereum. Locking/unlocking, sharing, introduction of new NFC Keys. The smart contract permits to publish all the activities done by the users to guarantee it’s consistency and incorruptibility. The data are encrypted and the privacy of users is guaranteed as well and the communication protocol is supported by a tamperproof engineering.

    360LOCK is also equipped with some modular accessories, such as the chain with folding steel rods for bikes and motorcycles or the “additional case” that transforms it into a portable safe shielded to radio waves that can comfortably accommodate ATM cards, keys of home or car, small phones and their documents.

    The ideal, therefore, for those who practice outdoor sports and need a “shelter” 100% safe for their belongings, or for those who travel and want to be safe when sharing the common areas. Indispensable for those who have to manage apartments in tourist areas being able to contain the keys of housing and giving temporary access and remote guests through the mobile app.

    The solution, protected by a patent, also provides for the integration of a remote alarm system using a SIM card: further new accessories will be offered after the launch of the product.

    It is already possible to register on http://360lock.4-storm.com to purchase 360LOCK at a promotional price during the Kickstarter campaign which is starting in few days.

    Being overexposed to technology and new gadgets – says Marco Ciccolini, CEO 4storm – we thought of a solution that could effectively reduce the number and then through a single intelligent device respond flexibly to more needs and methods of use, thanks to the accessories .

    About 4storm

    4storm has been working since 2015 to design and develop high-tech devices for the outdoor and professional world. In these years the company has carried on the development of a camera, also modular and for 360 ° shots, a project still in progress that will be launched next year.

    Being founders the first enthusiasts and practitioners of action sports, they took a cue from their sporting experience to develop the idea of 360LOCK: from a need of greater freedom and safety during sports sessions or trips outside the home a smart padlock with unique features was born.

     

    Press contacts

    Gian Maria Brega

    mobile: +39 338.9020851

    skype: gmbrega

    Web: http://360lock.4-storm.com

     
  • user 12:18 am on July 27, 2018 Permalink | Reply
    Tags: , , , , ,   

    PayPal to Gain 30 Million Active Accounts by Year-end 

    Payments platform had $ 139 billion in total payment volume in 2Q18, up 29% YOY, and expects to add 30 net new actives by the end of the year, according to the company’s earnings call yesterday. Of that $ 139 billion, 39% of the total payment volume, or $ 54 billion, was mobile. Just $ 14.2 billion [&;]
    Bank Innovation

     
  • user 12:18 pm on July 26, 2018 Permalink | Reply
    Tags: , , , Movers, , , Shakers, ,   

    Movers and Shakers: Notable Summer Hires in Digital Financial Services 

    Behind every great is a human mind… well, obviously, right? That’s why FIs are always on the prowl for finding the most adept people that fit in with the institution’s philosophy. Whether it’s a chief innovation officer spearheading major initiatives like creating an AI-powered bot or engineers orchestrating smaller changes to enhance the [&;]
    Bank Innovation

     
  • user 12:18 am on July 26, 2018 Permalink | Reply
    Tags: , Breaches, , , , , ,   

    To Prevent Breaches, Banks Must Change the Way They Face Threats 

    Security firms have evolved their techniques to meet mounting on a digital front, as such too. At NICE Actimize, a cybersecurity and compliance firm established in 1999, Mary Ann Miller, senior director and fraud executive advisor, told Bank Innovation that within banks, departments have merged to better address threats. “Banks are [&;]
    Bank Innovation

     
  • user 10:53 pm on July 25, 2018 Permalink | Reply
    Tags: 360Degree, , , , , Include, Mental, , ,   

    Banks’ 360-Degree View Of Customers Could Include Their Mental Health 

    Financial difficulties and are often linked, but they are usually treated separately. Silver Cloud Health has developed an online coaching program, Space from Money Worries, to help people gain confidence over money issues.
    Financial Technology

     
  • user 12:18 pm on July 25, 2018 Permalink | Reply
    Tags: , , , Fundraising, , , Looms,   

    Ant Financial Looms Large Over Global Fintech Fundraising (Again) 

    Ant has done it . In 2Q18, the Chinese raised the largest amount for fintech invest ever. According to CB Insights&; 2Q fintech report, Ant Financial&8217;s accounted for 69% of total fintech funding. This is not the first time Ant Financial has done something like this. Back in 2016, Ant Financial took [&;]
    Bank Innovation

     
  • user 3:35 am on July 25, 2018 Permalink | Reply
    Tags: , , , , , , imperative   

    The data imperative for credit cards 

    Over the past dozen years, numerous US regional have relaunched consumer card programs on a self-issued basis. At the outset, the growth component for many of these relaunch strategies relied heavily on branch channels, customer loyalty and the desire to consolidate banking relationships. In recent years, the banks’ credit card programs have been plateauing to low, single-digit growth rates without obvious incremental prospects for growth in accounts, spend and balances. Although credit card portfolio health and returns continue to be favorable, without the ability to demonstrate further stepwise growth potential, these programs are at risk of atrophy in key areas, such as attention from senior executives and ongoing investment in innovation.

    Often, the keys to reinvigorating growth include identifying and addressing root-cause growth inhibitors (which often relate to approval rates, credit line assignment and service experiences), and finding ways to digitize and integrate customers’ credit card experiences with those of their overall banking relationships. exhaust created by these card programs and other players in the payment value chain could hold a secret to vast amounts of information value to unlock growth opportunities.

    Card issuers and, in particular, the payments industry generally have been early adopters of data-driven insights to grow their business; and rightly so, since the industry generates a massive volume of data. Banks are increasingly recognizing and reaching the point at which they need to drive innovative applications of the insights in functions that traditionally do not leverage them fully or consistently—for example, for enhancing customer experience or devising new product strategies.

    In addition, as depicted in Figure 1, prospect and customer segmentation can be a key component of focusing growth strategy investments on areas of greatest opportunity. For instance, segmentation can help a bank determine areas for product refinement to both improve experiences for existing credit cardholders and tap into unserved or underserved markets. We also see segmentation as the prudent way for many banks to carefully venture outside of their existing retail banking customer bases through twinning analysis to identify characteristics their most profitable cardholder segments may share with non-relationship prospect pools.

    Figure 1. Actionable segmentation driving key customer/prospect insights
    Source: Accenture research and analysis

    Card issuers see only one dimension of customers. However, there is significant information asymmetry with other players in the value chain, namely, payment networks, merchant acquirers and merchants. Issuers capture data about and cardholder details only, while merchant acquirers see details on merchants and transactions, merchants collect data on their customers and purchase basket, and the payment networks record data on movement of funds between these players and authorization tokens. Building a cross-payment cycle data view allows creation of rich micro-segments for hyper-personalization (Figure 2). It also enables banks to conduct merchant, store and product-level marketing studies, generate early warning indicators for fraud and delinquency, and create visibility into customer and industry trends.

    Figure 2. Types of data captured and analyzed across different parties involved during the payments process
    Source: Accenture research and analysis

    Collection, cleaning and deciphering this data exhaust is an onerous task. However, advancements in artificial intelligence capabilities, like machine learning and Big Data, is making it easier and faster than ever before.

    Capabilities, such as Accenture’s Intelligent Enterprise Platform that sits on top of the Accenture Insights Platform allows banks to layer third-party data from social media, web browsing and geo-tagging over the payments data. This further deepens card issuers’ understanding by manifolds around customer needs and behavior. It’s opening previously unimagined use cases, like real-time mood-/persona-based recommendations, geo-tagging and location-based offers to customers.

    Looking forward, we anticipate that a cross-payment cycle data ecosystem together with machine learning will play a broader role in how banks generate new growth in accounts, spend and balances, as well as how they harvest value in their credit card programs.

    We invite you to read about data as the new ecosystem currency in our report, The New, New Normal: Exponential Growth

    Special thanks to Sanjay Ojha for his insights, as well as Rajat Mawkin and Uday Gupta, who also contributed to this blog. 

    The post The data imperative for credit cards appeared first on Accenture Banking Blog.

    Accenture Banking Blog

     
  • user 12:18 am on July 25, 2018 Permalink | Reply
    Tags: , , , , ,   

    Users Divided on Starling Bank’s New Debit Card 

    U.K. neobank is in a mood to switch things up, at least on the design front. Last week, Starling unveiled changes to the payments screen on its mobile app and today it unveiled a new . For starters, the new debit card is not purple, Starling&;s signature color. Instead it&8217;s teal and navy [&;]
    Bank Innovation

     
  • user 12:18 pm on July 24, 2018 Permalink | Reply
    Tags: Anyway, , , SnapChat, Surprised, , You’d   

    Who Uses SnapChat for Payments Anyway? You’d Be Surprised 

    Social media platform will shut down its P2P payment feature, Snapcash, as of August 30, after launching less than four years ago in 2014. Snapcash has faced a lot of competition from more popular P2P apps such as Venmo, Apple Pay, SquareCash, PayPal and even the -backed Zelle, which reported a $ 25 billion in [&;]
    Bank Innovation

     
  • user 12:18 am on July 24, 2018 Permalink | Reply
    Tags: , , , , , , , ,   

    Bank of America Merrill Lynch Launches Mobile App for Prepaid Commercial Card 

    With over 25 million users on the retail side, Bank of is shifting attention to ramping the numbers on the side, with the launch of a mobile app for its commercial cards. Today, Bank of America unveiled an app specifically designed for reloadable commercial prepaid cards. These cards [&;]
    Bank Innovation

     
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