FinTech is not a mere buzzword anymore. It has evolved, elevated in many ways and has turned to be a major disruption with the unstoppable advancements of technology.
NewBanking was established in 2015 with the aim of providing a user identity platform that will allow end-users to verify their identity easily and securely while having control and ownership of data and identity online. The service solves the regulatory challenges faced by the financial institutions, especially the 4th and now 5th European Anti-Money Laundering (AML) directive and the General Data Protection Regulation (GDPR).
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