article thumbnail

What Would it Take to See an NFT Revival?

The Fintech Times

Non-fungible tokens ( NFTs ) took the world by storm in 2020 and 2021, as seemingly everyone discussed the relatively new concept, and some spent significant amounts to become sole owners of NFT art. Most NFTs saw a significant reduction in value as interest in the concept rapidly reduced across the globe.

NFTs 145
article thumbnail

‘Serenity’ and ‘IDEMIA Secure Transactions’ Launch sAxess Biometric Card for Enhanced Digital Security and Data Recovery

Fintech Finance

The solution utilizes non-fungible tokens (NFTs) as secure credentials within a “digital safe,” providing a decentralized, immutable method for storing and recovering critical information. Its self-custody approach reduces the need for intermediaries, offering control and reduced exposure to third-party risks.

Security 116
article thumbnail

Will the AI Hype Die Down or Is It Here to Stay?

The Fintech Times

In 2021, non-fungible tokens (NFTs) took off in popularity seemingly overnight. However, after initial hype, NFTs’ popularity has since fallen off a cliff. In Q4 2021, there were nearly two million active NFT wallets , but by Q3 2023, this number had dropped to 227,000.

AI 80
article thumbnail

Money20/20 Asia 2024: Leading Fintech Show Makes Debut in Thailand

Fintech News

Money20/20 Asia 2024 in Bangkok, which marks the event’s third location following Amsterdam and Las Vegas, promises a comprehensive platform for professionals across the Asia-Pacific (APAC) region to explore the latest advancements in fintech across a wide range of sectors, including payments, banking, regtech, insurtech, lending, and more.

FinTech 117
article thumbnail

Fintech Poised for Greater Innovation and Consolidation in 2024

Fintech News

This will prompt industry stakeholders to heighten their efforts to address cross-border payment inefficiencies through developments in crypto payment systems, the expansion of real-time payment capabilities, and solutions aimed at enhancing foreign exchange management and banking access across different countries.

article thumbnail

As Apple Enters Open Banking a Dangerous Paradox Comes to Light

The Fintech Times

Tech giants are wielding their significant resources and market dominance to reshape the financial landscape, introducing innovations that disrupt traditional banking models. The position of banks, payment processors and credit card companies was so entrenched they lacked any incentive to harness new innovation.

CHIPS 107
article thumbnail

Top 5 Fraud and Financial Crime Topics of 2021

FICO

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Here are excerpts.