British company Intelligent Environments wants to secure your banking information with emojis; online small business lender, Bond Street, secures new funding; and more top stories from this week in FinTech.
Intelligent Environments has taken a creative approach toward bank account security. The British company has successfully developed and launched an emoji alternative to the more common four-digit pin code traditionally used in online banking. BBC reports:
“Intelligent Environments says its Emoji Passcode service is more secure because there are more potential combinations of the 44 emojis than there are of the numbers 0-9. It claims some digital banks have already expressed interest in the idea.”
The non-bank small business lending industry continues heat up, as Bond Street raises $110 million in funding. The new round of financing was led by Venture capital firm Spark Capital and investment bank Jefferies. Forbes reports:
“The company is pursuing a number of partnerships, such as with bank partners who may want to use its algorithms, as well as technology companies that have data on small businesses, retailers whose supply chains touch a lot of