TransferWise is moving further into traditional banking territory, setting up a 'borderless' bank account for businesses that need a multi-currency account for trading in overseas markets.
Citi is providing financial resolution for secondary market transactions conducted over Nasdaq's Linq Platform, using distributed ledger technology from Chain to address the challenges of liquidity in private securities by streamlining payment transactions between multiple parties.
Police forces across Europe have arrested 27 individuals linked with so-called ATM 'Black Box' attacks, in which criminals connect electronic devices to a cash machine and remotely force it to spew out all of its cash.
Big data, faster processing and cheap storage make it possible to turn the vision of AI in banking, developed over decades, into reality – today. The technology will only improve, and not engaging now would be to run the risk of falling behind never to catch up, finds a new Finextra research paper.
BBVA is embedding more deeply with social and messaging networks through a new bot that lets Spanish customers access financial information via Facebook and Telegram, and a tool for making payments from Whatsapp.
Android Pay users that have linked their PayPal accounts will soon be able to pay for goods when mobile shopping using the Chrome browser with just just a touch of their fingerprint.
Indian mobile wallet giant Paytm is to open its new Payments Bank on 23 March, joining telco Bharti Airtel as one of the first non-banks to take advantage of the Government's relaxing of restrictions on bank licensing in an effort to boost financial exlusion.
Hong Kong online invoice discounting exchange Qupital has secured $2 million in seed funding.
Fintech unicorn Transferwise says the company has reached operational profitability six years after launch.
JPMorgan Chase has joined a $50 million funding round for LevelUp, a Boston-based mobile payments service that lets customers order ahead at partner restaurants.
© Finextra Research 2017