Banks are rapidly adopting biometrics as an authentication method for mobile services and are willing to cooperate to provide customers with a common interface, according to a survey from the Mobey Forum.
Citi has been exploring distributed ledger technology for years, building three blockchains and creating its own crypto-currency, dubbed Citicoin, the banking giant has told International Business Times.
For the first time, current accounts have become the most targeted financial product by fraudsters, as criminals probe for loopholes in the UK's seven-day switching service.
Barclays is to roll out its mobile cheque imaging service to Android phones and iPad users, bringing the service within reach of one million more customers.
PayPal is forcing its way into the booming market for international remittances with a proposed $890 million acquisition of money transfer startup Xoom.
KFC has become the latest major retailer to strike a deal with Alipay, enabling customers in China to pay for their fried chicken with their mobile phones.
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Interactive Data is gearing up for a possible sale or initial public offering that could value the market data outfit at more than $5 billion, according to Reuters.
Banco Santander and mobile money vendor Monitise have formed a £20 million joint venture that will invest in and help build fintech startups.
American retail banks will spend $16.6 billion on "digital transformation initiatives" this year, according to research from IDC Financial Insights.
Singapore has committed S$225 million over the next five years to a scheme designed to build a vibrant ecosystem for innovation in fintech.