Barely months after coming up for air over the fake accounting scandal, Wells Fargo is facing further scrutiny, this time over a data breach that saw the accounts of 50,000 of its wealthiest clients accidentally leaked to a former employee.
Citi is teaming up with Cornell University, leasing space at the Ivy League school's engineering campus in order to engage with students and faculty on areas such as blockchain and machine learning.
TSB is claiming a European first by introducing iris scanning to its mobile banking app, eradicating the need to remember lengthy IDs or passwords.
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.
Leicestershire police have released dramatic CCTV footage of the moment a cash machine is ripped from a branch of Nationwide Building Society.
US firm Avanti Markets says that nearly 2000 of its self-service payment kiosks have been infected with malware, putting customers' card data at risk.
US banks are opening themselves up to increased strategic risk by moving into new products and services as a way to take on emerging fintech rivals, warns the Office of the Comptroller of the Currency (OCC) in a report which also highlights the threat of cyber attacks and an increased reliance on third-party tech service providers.
European card fraud losses hit a record €1.8bn in 2016, with the UK seeing the highest losses at £618m, as criminals took advantage of a boom in CNP-based online and mobile shopping.
Nordic payments processor Nets is working with UK biometric company Sthaler to trial the use of finger vein recognition technology to authenticate users at the point-of-sale.
Several Ukrainian banks are understood to have been affected by what appears to be a coordinated ransomware cyberattack targeting firms around the world.
© Finextra Research 2017