Despite the wave of costly data breaches over the last few years, nearly half of global firms that accept plastic are still failing to meet Payment Cards Industry (PCI) security standards, according to a report from Verizon.
The rise of fintech is set to fundamentally change the financial services industry, forcing banks to change their operating models and requiring regulators to adapt to address risks while promoting innovation, says a new paper from the Basel Committee on Banking Supervision.
Credit Suisse's fintech fund has made a majority investment in Sapience Analytics, an Indian firm that helps firms monitor how employees use their computers and phones. Financial terms were not disclosed.
Mastercard is prepping a pilot that will see small businesses in Poland able to accept contactless payments with only a smartphone.
Southeast Asian ride-hailing service Grab is venturing further into the payments market, adding a P2P instant fund transfer feature to its app in Singapore.
PayPal has come up with a novel new weapon to help it take over the high street - an old-fashioned plastic credit card.
Russia has stepped up its plans to exploit the potential of distributed ledger technology (DLT) with the announcement that state-owned bank Vnesheconombank (VEB) is to open a blockchain research centre in Moscow.
The UK's divorce from the EU has led to France and Sweden gaining a larger share of the number of fintech deals done within the Union, according to the research firm CBInsights.
Urban FT says that struggling remote deposit capture vendor Digiliti Money has turned down a takeover offer.
Singapore is planning to develop a common QR code that will facilitate payments among different schemes, e-wallets and banks.
© Finextra Research 2017