Jumio raises $150M, Peloton eyes AI, hardware buys, Kessler Hotel makes business case for crypto payments

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March 23, 2021

Future of Identity Report

Report: Prime Trust Leverages AI To Secure Crypto Exchange Onboarding

Crypto traders are often eager to quickly set up accounts on exchanges so they can begin transacting before prices shift, but platforms risk fraud if they cut corners on KYC checks, says Stephen Cheng, chief compliance officer of financial infrastructure provider PrimeTrust. In the Future of Identity Report, Cheng explains how risk analysis and progressive onboarding can help exchanges balance verification speed with security.

 

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Cryptocurrencies

Kessler Hotel Chain Takes High Road On Crypto Payments

The high-end hospitality chain doesn’t need, nor does it court, gimmicks to sell its properties. But Kessler raised a few eyebrows when it announced it would begin accepting cryptocurrencies as a payment method. As Chief Financial Officer Fravy Collazo told PYMNTS, there are several solid business reasons to accept crypto, none of which have to do with the hype around its proliferation.

 

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Podcast: Commercial Cards

Suppliers Drive Focus On Taking Virtual Commercial Cards Global

With corporates embracing payments digitization, suppliers are displaying a greater willingness to accept card payments. With new opportunities for commercial card adoption on the rise, particularly cross-border, Boost Founder and CEO Dean M. Leavitt tells Karen Webster that driving value for the supplier will be critical.

 

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InsurTech

Kukun Remodels Home Improvement Data To Expand Into InsurTech

Data drives every business decision these days but is missing in perhaps the most important decision a consumer will make – buying or renovating a home. Kukun CEO Raf Howery told PYMNTS that his company’s data-driven home renovation analytics platform wants to solve the data problem and has now expanded into AI-driven home insurance as its newest venture.

 

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Stocks

GameStop Earnings Expectations Look More Like Wheel Of Fortune

When GameStop reports its first post-r/wallstreetbets earnings tomorrow, the jury is out on many things. But holding on to a $13.6 billion valuation is not one of them.

 

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Mobile Order-Ahead Tracker

Report: Donatos Pizza Bakes In Digital ID Tools To Prevent Food Fraud

Consumers are ordering more through mobile apps and fraudsters have taken note. In the latest Mobile Order-Ahead Tracker, Matthew Coy, vice president of information technology for fast-casual chain Donatos Pizza, explains how quick-service restaurants (QSRs) can tap new technologies to guard against credential stuffing and why mobile-specific digital identification measures are key.

 

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