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Tencent, Xiaomi and Ant Financial are among the Chinese tech giants partnering with artificial intelligence (AI) firm SenseTime in an effort to standardize the facial recognition industry, Abacus reported on Wednesday (Nov. 27). The National Standardization Group for Facial Recognition Technology was launched last week by Hong Kong-based SenseTime and 27 other tech companies. Its […]
Top News in Payments: Citigroup Names New Retail Banking Leader; NY Lawmakers Push For Public eBanking System
In today’s top news, CitiGroup named David Chubak to head its retail banking division, lawmakers in New York proposed a public eBanking system similar to Venmo and Goldman Sachs created a new division in its reporting process to highlight its consumer focus. Citigroup Names New Retail Banking Leader Citigroup named David Chubak, 39, to head […]
American Express announced it is planning to roll out a new real-time product that will let U.K. consumers pay for goods and services online, the company said in a press release on Monday (Sept. 23). Its Pay with Bank Transfer will be offered in Q4 to U.K. bank account holders even if they are not […]