Nuggets building ID verification blockchain in FCA sandbox
London-based firm Nuggets is developing a blockchain and biometric identity system within the Financial Conduct Authority's FCA Innovate sandbox. Nuggets co-founder Alastair Johnson said the decentralised system, which uses facial recognition technology and stores no personal data, would be available to banks and businesses via an API, while consumers would use an app. The planned launch is for Q1 2018. Nuggets was invited to participate in the sandbox by the regulator, which aims to encourage innovation in fintech.

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Holy Trinity Baptist Church Federal Credit Union has about $24,000 in assets, making it one of the smallest credit unions in the U.S. But it has survived and thrived over the past 50-plus years with low overhead and a small but loyal membership.