Snippings

xxx

France’s Societe Generale (SOGN.PA) signed a new five-year distribution agreement with asset manager Amundi and said it would open up its retail and insurance networks to more asset managers.

SocGen’s decision marks a change in the French market where banks usually offer funds managed by in-house asset managers. Many banks in Europe have moved to a so-called open architecture where they offer investment funds of several asset managers.

From SocGen to open up its retail networks to more asset managers – Reuters:

xxx

xxx

Eight US banks have teamed up with Google to launch mobile-first bank accounts within the Google Pay app.

From Google to offer co-branded accounts with eight US banks:

xxx

xxx

In Honour of Kings, the immensely popular Tencent game known as Arena of Valor overseas, the verification system includes a facial recognition scan.

From China’s real name verification system for games to launch nationwide by September | South China Morning Post:

xxx

xxx

For years, the Chinese government has been trying to stop kids from playing too many video games. Now regulators are taking things a step further by ensuring anyone wanting to play a game must log in with their real names, thanks to a state-run authentication system set to be rolled out by September.

From China’s real name verification system for games to launch nationwide by September | South China Morning Post:

xxx

xxx

A hacked Facebook account goes for $74.50 on average, while Instagram accounts averaged $55.45 and Twitter logins went for $49 on average

From How much hackers pay for your stolen Facebook login on the dark web – Business Insider:

xxx

xxx

Varo Money, Inc. has been granted its national bank charter from the Office of the Comptroller of the Currency (OCC) and secured regulatory approvals from the FDIC and Federal Reserve to open Varo Bank N.A. This represents the first consumer Fintech in the US to be granted a national charter

From Big News: Varo Money Becomes First US Fintech to Receive a National Bank Charter:

xxx

xxx

“After downloading and installing the Mobile ID application distributed by Bundesdruckerei from Play Store, Galaxy S20 owners can tap their near field communications (NFC) enabled National ID card on the back of their phone to verify their identity and get started.

“Once verified, the mobile eID will be stored securely on the smartphone and can be used to open a bank account, use eGovernment services and more.”

Once enrolled, citizens’ identity data will be stored in an embedded secure element (eSE) on the user’s Galaxy S20, S20+ or S20 Ultra smartphone — “with other Samsung smartphones to follow”.

From Germany to begin rollout of open national digital identity service ‘later this year’ • NFCW:

xxx

xxx

From Wednesday (July 29), bank account holders can scan their faces on their phones to apply for an online banking account with the launch of a national facial identification service.

Dubbed SingPass Face Verification, the captured facial image will be matched against the national biometric database.

From National facial ID service launches, DBS to use it for secure mobile sign-ups, Tech News & Top Stories – The Straits Times:

xxx

xxx

He was Richard Robinson, a conman who had at least 30 aliases and a criminal career spanning decades, in which he duped a string of innocent women, netting close to £1 million.

From King Con: He didn’t just scam one woman out of her savings… police believe he did it to hundreds | Daily Mail Online:

xxx

xxx

One such solution high on the payment industry’s roadmap is Request to Pay; referred to as RTP in the U.K., Request 2 Pay (R2P) in Europe, Request for Payment (RfP) in the U.S.,

From Request to Pay: A Revolution in Digital Payments | PaymentsJournal:

xxx