Commerzbank is the latest lender turning to mass job cuts and digitalisation in a bid to boost profitability.
James McMorrow, head of payment strategy, Lloyds Bank, believes it is time for financial institutions to choose their strategic path to PSD2 compliance – and to embrace the benefits of open banking.
Traders beware: Samsung has unveiled a new mobile voice recording system (MVRS) for Galaxy phones that can not only listen in on every conversation but also track your movements and monitor you data usage.
Andrew Tryie, the chair of the UK government's influential Treasury Select Committee has called on banking industry regulators to develop action plans and policies to protect consumer interests in light of the increasing use of biometric technology to access accounts.
A year after the official launch of chip payment technology in the US, Visa is claiming steady progress, with the country already its largest EMV card market and fraud rates falling sharply.
A former senior IT executive at CommBank who has pleaded guilty to bribery in Australia is now facing similar charges in the US, according to press reports.
The Royal Bank of Canada (RBC) has begun letting online investors pay their trade commissions with their credit card reward points.
As part of its effort to become a "technology company", Deutsche Bank has opened a digital factory in Frankfurt to house 400 staffers - as well as fintech startups - working on products and services for the mobile age.
A hacker collective going by the name TheDarkOverlord is threatening to release data from investment bank WestPark Capital unless it receives a ransom.
IBM is to acquire risk management and regulatory compliance consulting firm Promontory Capital and create a new subsidiary, Watson Financial Services, in which it will use artificial intelligence technology to keep pace with the rapidly changing financial reporting landscape.
If banks embrace PSD2 as a driver for strategic investment in open banking, they could leverage this mandatory change for technology and business benefit, finds new research from Finextra and Axway.
© Finextra Research 2016