Incidents of new account fraud in the US doubled last year, as criminals switched tactics in response to the introduction of EMV chip cards.
BNP Paribas has confirmed its commitment to the distributed ledger movement in finance after completing its first 'Blockchain Bizhackathon' in the transaction banking arena.
Berlin-based online business lending platform Spotcap has secured EUR31.5 million in third round financing as it prepares to expand its operations globally.
The European Central Bank is working with a steering committee of major European banks on plans to develop a person-to-person mobile payment network for funds transfers across the Eurozone.
British investor and wealth management technology platform True Potential has sold a "significant minority" stake to US private equity firm FTV Capital in a deal that values the fintech outfit at more than £150 million.
Trade association Payments UK has launched a directory designed to make it simpler for anyone making cross-border payments into Britain to check routing data.
Japanese multinational Sony has partnered with business matchmaking outfit Matchi to invite startups to compete for the chance to develop a proof-of-concept fintech application with the conglomerate.
OCBC Bank has launched a fintech co-working space and innovation unit in Singapore and its first accelerator programme to identify and collaborate with innovative startups.
JPMorgan has begun a trial project to test the use of blockchain technology in its loan trading operations, according to a report in the Financial Times.
Uber is among the first firms to take advantage of a new Visa platform designed to help merchants team up to deliver offers to cardholders online and through apps.
© Finextra Research 2016