Open financial data reforms, a loosening of capital restrictions and barriers for banking licences, an expanded regulatory sandbox and digital currency tax cuts are among the major initiatives in the 2017-18 Australian budget welcomed by Australia’s fintech community.
Deutsche Bank is teaming up with a host of major firms to set up a platform for online registration, e-identity and data services.
Macau is to introduce facial recognition for UnionPay cardholders at ATMs in an attempt to curb money laundering in the island territory.
The correspondent banking model governing bank-to-bank relationships is being eviscerated under the increasing weight of compliance challenges, experiencing a 25% drop in global connections over the past eight years, according to research from financial crime vendor Accuity.
The UK's Barclays Bank is rolling out a service to enable customers to switch off debit cards direct from their mobile app as part of a £10m nationwide drive to increase the public’s awareness of financial fraud risks.
Adam Davies, consultant at Altus Consulting believes the value of a single bitcoin will reach £3000 by the end of the year. He explains why.
Bank of Ireland is pumping EUR10 million into branch development, vowing to reinvent, rather than simply close, sites that see declining customer numbers.
Sixty organisations representing a broad cross-section of fintech businesses across Europe have joined forces to protest against new rules by the European Banking Authority that would ban screen scraping of customer data from online banking interfaces under the revised Payment Services Directive (PSD2).
02 has confirmed that hackers exploited long-known weaknesses in a protocol that connects back-end telco networks to intercept and re-route two-factor verification codes sent by German banks to customer mobiles to authorise online funds transfers.
Canadians are suffering from ostrich syndrome, according to a new survey from Capital One which shows that more than half have never attempted to get their credit score.
© Finextra Research 2017