An 'Innovation Hub' established by Australian financial watchdog Asic to help fintech startups navigate the regulatory landscape is reporting strong demand for its services from budding businesses keen to break into financial services.
JPMorgan Chase is to double its cybersecurity budget over the next two years in the wake of a massive security breach last summer which saw the contact information of more than 80 million customers stolen.
Visa is opening a new technology development centre in Bangalore that will house 1000 staff, as the card scheme prepares for the roll out of a new mobile payment service for the Indian market.
SIX and Swisscom are collaborating with Swiss banks to introduce a universal mobile payment service for online and offline transactions nationwide.
The importance of an EMV-compliant infrastructure to stem losses from card fraud has been demonstrated by new figures from The Nilson Report, which show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards last year while generating only 21.4% or $6.187 trillion of total volume.
Samsung is to equip its television sets with a new way for viewers to pay for goods and services from the comfort of their armchair.
As industry experts debate the future of the bank branch, RBS is shutting the doors on one site in Leicester city centre because it has a measly 17 customers.
In a bad day in court for the card firms, a federal appeals court has revived ATM access fee litigation against Visa and MasterCard, while in a separate case a judge has rejected American Express's interchange fee class action settlement.
The Open University has teamed up with UK fintech trade body Innovate Finance to launch the world's first introductory course to financial technology.
The Australian Senate says that digital currency transactions should be treated in the same way as fiat for the purposes of taxation, overturning a previous judgement from the country's Taxation Office that labelled bitcoin holdings as 'intangible assets'.
© Finextra Research 2015