WorldRemit, a London-based online money transfer service, has secured a $40 million series a investment from Accel Partners to help it muscle into the huge global remittance market.
Nearly three quarters of America's millennials would rather go to the dentist than listen to what their banks have to say and are more interested in hearing from tech firms about financial services.
Irish innovation outfit NDRC has partnered with Bank of Ireland, Enterprise Ireland, Mediolanum and State Street to establish a 'pre-accelerator' programme for financial services startups at the very earliest stages of their development.
Only a quarter of people in the US and Western Europe are willing to use their mobile devices for in-store payments, according to a survey from Bain & Company.
Security researchers at McAfee Labs identified 200 new malware samples per minute, or more than three new threats every second, during 2013, with a marked upswing in point-of-sale attack vectors in the final quarter.
Inconsistencies in the Irish banking industry's attitude to crypto-currencies have emerged after Bank of Ireland refused to let a bitcoin ATM outfit open an account before AIB stepped in to say it could work with the firm.
Nationwide Building Society has become the first high street financial services provider in the UK to offer its customers 24/7 Twitter coverage, answering their questions and queries, as well as providing customer service information and support around-the-clock.
Westpac's new venture capital fund has taken a A$5 million stake in Australian peer-to-peer lending platform SocietyOne.
Startupbootcamp is inviting fintech geeks to take part in a 48-hour, payments infrastructure-focussed hackathon in London next month.
Swift chief executive Gottfried Leibbrandt has called on EU policymakers to steer clear of 'data protectionism' and work towards the creation of a standardised global framework for international cyber-security.
Wausau Financial Systems has added location awareness technology to its remote deposit capture (RDC) suite to help banks sniff out suspect activity.
AmEx is promising to use technology to help tackle the plight of America's 70 million underbanked citizens; establishing an innovation lab, setting up a fund for startups working on financial inclusion, and even sponsoring a documentary.
The person-to-person mobile payments service being prepped by Britain's banks for a launch later this year has been christened Paym.
Following a live launch at the Bank of England, financial messaging network Swift has released a new business continuity service for operators of national high value payments systems.
Thomson Reuters has established a new subsidiary to handle its involvement in calculating financial benchmarks, which are set to operate under tougher regulations in the wake of widescale abuses by bank data suppliers.
Up to 95% of the world's ATMs could be left wide open to hackers next month when Microsoft ends tech support for the Windows XP operating system, the PCI Security Standards Council is warning.
In the wake of the Target data breach, rivals MasterCard and Visa have joined forces to create a cross-industry group that will push for greater payment security, beginning with the introduction of EMV chip technology in the US.
Chinese search engine provider Baidu is accelerating its move into financial services, forming a partnership to apply for "multiple banking licenses".
Let's hear it for the eminently sensible Colorado Congressman Jared Polis, who has written to US financial regulators demanding the abolition of hard cash because of its anonymity and use in illicit activities.
The man behind the @GSElevator Twitter account has lost his six-figure book contract in the wake of revelations that he never actually worked for Goldman Sachs.
Retail giant Marks & Spencer will take on Britain's high street banks this summer with the launch of a current account with no monthly fee.
© Finextra Research 2014