UK banking startup Mondo - established by a team who flew the nest at fledgeling challenger Starling - is to meet with the Bank of England on Wednesday to make its case for approval for a full banking license after raising £2 million in funding from Passion Capital.
Europol’s European Cybercrime Centre (EC3) and Barclays have signed a Memorandum of Understanding (MoU) to combat the threats posed to financial services firms by online criminal gangs.
Amazon is bringing its business loan programme to eight new countries, including China, India and the UK, according to Reuters.
Following a backlash from customers and regulators, PayPal has moved to "clear up any confusion" on its policy for sending out automated phone calls and text messages.
The managing director of Britain's new Payments Systems Regulator has bemoaned a lack of innovation in the back-end infrastructure of payments, and warned that she will step in if industry does not up its game.
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Western Union is to suspend its money transfer operations in Greece as the crisis-wracked country reels from an overnight Government decision to shut all banks and the stock market for six business days and impose restrictions on cash machine withdrawals.
Features and analysis
UK pensions annuity outfit Partnership has become the first financial services brand to launch a Google Cardboard App
Thirty six fintech startups in France have banded together in a bid to foster a national ecosystem for innovation in financial services.
Barclaycard is rolling out three new wearable payments devices - a wristband, fob and sticker - that can be used to make ‘touch and go’ contactless payments across the UK.
With its powers ceded to the new Payments Systems Regulator, the once all-powerful Payments Council has changed its remit to form a new trade association which will seek to provide a singular voice for the UK payments industry at home and overseas.