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BOSTON, Jun 22, 2021--Akoya LLC announced today that Wells Fargo has joined the Akoya Data Access Network. Fintechs and data aggregators can now request application programming interface (API)-based access to Wells Fargo customer data for mutual customers through Akoya. 
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CaixaBank is offering customers the opportunity to use facial recognition technology rather than PIN codes to withdraw cash from ATMs.
Vineet Anand's insight:
Seems like Fijitsu ATM's have found a way to extend the lifecycle of their products by offering facial recognition. Decline in ATM and cash usage by digital consumers is not related to security offerings and will do little to create additional demand for usage of ATM's.
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The Australian Payments Council is calling for input from businesses, NGOs, government and consumers on what’s needed to support payments in the digital economy of the future.
Vineet Anand's insight:
Interesting trends are slated by the Australian Payments Council:
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Reserve Bank of India (RBI) has recruited the Infosys chairman Nandan Nilekani to head up an advisory panel on the development of digital payments.
Vineet Anand's insight:
India central bank establishes panel to drive up digital payments financial inclusion and beefing up the security & safety!
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Japan's Seven Bank is planning to add facial recognition technology to its ATMs, enabling users to open accounts through the machines, according to local press reports.
Vineet Anand's insight:
Facial recognition at ATM's for account opening in Japan! Seven Bank does have a specific use case for account opening without mail id copies as no branches exist. Facial recognition for Cash out without card and PIN or mobile PIN will be of value too!
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Leading Nordic banks DNB Bank, Danske Bank, Nordea Bank, Svenska Handelsbanken, and Skandinaviska Enskilda Banken have announced plans to set up a KY
Vineet Anand's insight:
Nordic KYC Utility to create shared KYC infrastructure - possibly the use of DLT for centralized digital identities that will have the potential to share with third parties.
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Wells Fargo to add Akoya to its list of API accesses as part of eliminating screen scraping. WF is an existing user of Plaid and adding Akoya will offer users of Control Tower more capabilities!