UK-based payment processor GoCardless is offering affected customers free credit monitoring after admitting that 19 laptops containing sensitive personal information were stolen from its offices last month.
Bank regulatory bodies need to co-ordinate their strategies for dealing with emerging financial technology at a global level, says a new report from International Organization of Securities Commissions (Iosco).
Fintech firms should welcome, not fear, regulation because it is in their interest to have an "established framework" in which to operate, says the president of the Federal Reserve Bank of Philadelphia.
Personal finance management apps are getting more demanding, with new offerings from Wells Fargo and startup Meniga challenging users to meet specific saving targets.
IBM is collaborating with Dubai Customs, Dubai Trade and its IT provider Dutech, to explore the use of blockchain technology for the import and re-export process of goods in and out of Dubai.
The European Securities and Markets Authority (Esma) warns that any large-scale use of distributed ledgers across the financial services sector would first need to address a number of key challenges in terms of interoperability, governance and privacy issues and risk creation.
US-based neobank Moven is setting its sights on Europe, launching a money tracking app in the UK.