Samsung announced that it’s merging its Pay and Pass apps into Samsung Wallet, a single, integrated platform for financial products, official documents, home and car keys, and more. Users in France, Germany, Italy, Spain, the UK, and the US are the first to have access to the updated service.
Read MoreAmazon announced that it had added Amazon One—which lets customers pay with their palm print—to the checkout process at a Whole Foods store in Austin, Texas. It’s one of the first Amazon-owned stores outside Seattle to have the feature.
Read MoreAs consumers have gotten so used to “free” tech services such as Google, Facebook, Twitter, and many others, it’s worth noting that old proverb: If you aren’t paying for the product, you are the product.
Read MoreWe’ve already seen laws enacted to give people more control over their financial data and how it can be shared between entities. Now Facebook has announced a “regulator-friendly” feature wherein users can transfer data to other platforms.
Read MoreAfter news broke recently of a “data partnership” between Google and Ascension Health, a large Catholic healthcare system, many were outraged (but probably not surprised).
Read MorePerhaps no social media company has come under more scrutiny for lack of oversight as to the content users post than Facebook, which this week announced the suspension of “tens of thousands” of apps connected to the Cambridge Analytica scandal.
Read MoreBig data is used for marketing, compliance and investing — it requires deep skills.
Read MoreData centers traditionally have been housed on premises, where businesses and large organizations could keep tabs on everything and feel like they had full control over their infrastructure. But long rows of on-site servers are quickly becoming a thing of the past.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
