RailsBank, a fintech startup led serial entrepreneur Nigel Verdon that promises to provide access to global banking services with 5 lines of code, has raised $1.2 million in a funding round led by Firestartr
Sberbank is to spend $500 million to take a 50% stake in Yandex.Market, the e-commerce venture operated by the Russian search engine.
American e-commerce retailer Overstock has doubled down on its cryptocurrency bet, adding Bitcoin Cash, Ethereum and Litecoin to Bitcoin as payments options for nearly four million products on its site.
Capital One is to shut down its Level Money budgeting app due to changing consumer finance needs and fierce competition in the market for personal financial software.
Commonwealth Bank of Australia has blamed a three-year coding error in its intelligent deposit machines (IDM) for breaches of anti-money regulations.
Westpac has poured $40 million into point-of-sale financing startup ZipMoney in a deal that is being billed as a coming-of-age for Austalian fintech.
The private equity industry's appetite for blockbuster payment deals shows no signs of abating as Blackstone and CVC agree a £2.96 billion deal to acquire online payments company Paysafe.
The European Commission has taken another step in its long-running tussle with Visa over interchange fees, turning its attention to the fees merchants in the EU must pay on transactions involving cards issued outside of the region.
Shares in payments upstart Square have surged after the company pushed revenues above expectations on the basis of more sales to larger retailers.
Italian P2P payments app Jiffy is heading to the high street, with deployment at over 150 retail stores in Milan, Rome and Turin.
© Finextra Research 2017