Aspiration, a fintech startup pitching itself as a "financial firm with a conscience", has raised $47 million in a Series B funding round led by Social Impact Finance.
US Depository Trust and Clearing Corporation CEO Mike Bodson has poured cold water on some of the wilder hopes of distributed ledger technology cheerleaders, arguing that while DLT might represent the future, it is far from ready for primetime.
A group of banks and fintech startups are backing a pilot with Malawian tea farmers that will use blockchain technology to try to create more sustainable supply chains.
China UnionPay has teamed up with more than 30 local commercial banks and payment institutions to launch a unified app for the country's banking industry.
The head of the Securities and Exchange Commission has warned Americans tempted by the current frenzy surrounding cryptocurrencies and initial coin offerings (ICOs) to beware of fraud and manipulation risks.
The world's third largest asset manager, State Street Global Advisors (SSGA), has taken a strategic minority stake in UK fintech startup and online pension manager PensionBee.
UK banks will have to inform customers about the number of operational and security incidents they have been exposed to under new rules designed to improve competition in the retail banking market.
ING is rolling out an artificial intelligence (AI) tool, Katana, designed inhouse to help traders decide what price to quote when a client wants to buy or sell a bond.