BNP Paribas Securities Services announced today that it is now a direct securities participant to the Federal Reserve through FedLine, the Federal Reserve’s online financial services information and payment service.
It is important to note that the recent incident with the Bangladesh Bank was not caused by a breach or compromise of the New York Fed’s systems.
Dwolla, an all digital bank transfer payment system, announced today that it submitted a faster payments proposal to the Federal Reserve-chartered Faster Payment Task Force for review and assessment.
The president of Philippines-based Rizal Commercial Banking Corp (RCBC) has resigned despite being cleared by an internal investigation into the bank's connection with the $81 million Bangladesh Bank hacking scandal.
The Federal Reserve Board presents the findings from its latest annual survey examining trends in the adoption and use of mobile banking, payments, and shopping behavior and how the evolution of mobile financial services affects consumers’ interaction with financial institutions
The Clearing House (TCH), in conjunction with FIS, late last Friday submitted a proposal for evaluation of its Real-Time Payments (RTP) system to the Federal Reserve’s Faster Payments Task Force.
Legacy technology and interoperability could be the stumbling blocks to widespread uptake of distributed ledgers in the financial markets, creating unintended consequences for the efficient functioning of markets, a Federal Reserve Bank governor has warned.
The president of the San Francisco Fed has hailed the potential of Silicon Valley fintech startups to transform financial services but warned them that they must expect to be regulated like old-fashioned banks.
Mobile banking saw its popularity grow in the US last year but more than half of Americans still do not use the channel, and fewer still make payments from their handsets, according to a Federal Reserve Board survey.
The Federal Reserve on Tuesday announced the selection of McKinsey & Company to support Faster Payments Task Force efforts this year to assess faster payments solution proposals from various providers across the United States payments industry.
© Finextra Research 2016