Mastercard, Cisco and Scotiabank have added their weight to the Enterprise Ethereum Alliance as part of a wave of 34 new members signing up for the project to promote the uptake of Ethereum as the foundation for running smart contracts in Fortune 500 enterprises.
Singapore's OCBC Bank has partnered with two graduates from its startup accelerator programme to apply artificial intelligence technology to counter money laundering.
The UK Government is to outlaw card surchages applied by retailers and e-commerce operators that penalise customers who choose to pay by debit and credit cards.
UK innovation agency Nesta has handpicked twenty organisations selected to receive a slice of a £5 million prize fund to inspire the creation of new products and services using Open Banking APIs.
Swatch is bringing the second generation of its contactless payments-enabled watches to China through a deal with the country's UnionPay card scheme and 11 banks.
TransferWise CEO Taavet Hinrikus is stepping down, handing over the reins at the fintech unicorn to his co-founder Kristo Käärmann.
Barclays Bank has joined Angel Co-Fund and individual investors in a $5 million funding round for Form3, a provider of an API-based single point of access to the full universe of payment schemes.
Mastercard is looking to boost its fraud detection capabilities through the acquisition of artificial intelligence specialist Brighterion. Financial terms of the deal were not disclosed.
Digital challenger Monzo has rolled out its first 92 current accounts as part of a staged implementation that will see up to 20,000 of the limited-edition accounts activated in the next three months.
Banks that pull off the trick of augmenting human interactions with smart digital tools can expect to generate increased revenue while cutting costs significantly, according to a new study of global banking markets by the Boston Consulting Group.
© Finextra Research 2017