The former chief technology officer of Liberty Reserve has been sentenced to five years in prison for conspiring to operate an unlicensed money transmitting business - billed as the bank of choice for the cyber underground - that processed more than $16 billion in digital currency transactions.
The DTCC and Swift have trumped 13 other Legal Entity Identifier (LEI) registration authorities in Q3 2014 rankings compiled by Tabb Group and Alacra for data consistency and uniformity.
Lloyds Bank is to begin testing mobile cheque deposits with a select group of commercial customers.
Mobile authentication startup Payfone is working with US financial institutions to introduce technology that utilises the same security standards applied by wireless operators to identify their customers as they log-in to m-banking apps.
American Express is opening a technology hub in Silicon Valley that will house a team building up the card giant's capabilities in big data, cloud computing and mobile.
New technologies come and go, but the paper cheque remains a popular staple for UK consumers and businesses, according to new figures from the Cheque and Credit Clearing Company.
US mobile payments outfit Charge Anywhere has admitted that malware has been lurking on its network for five years, putting unencrypted payment card data at risk.
Shares in Lending Club soared 55% to $23.23 in morning trading on the peer-to-peer loan specialist's market debut.
Six of London's new breed of financial technology companies have been accepted onto the UK government-backed Future Fifty programme, re-affirming the capital's position as a global hub for fintech startups.
Microsoft has begun accepting bitcoin as a payment option for apps, games, and other digital content from select Windows, Windows Phone, and Xbox platforms.
Apple and IBM have unveiled their first wave of mobile applications aimed at enterprises, enlisting the backing of Citi for financial services-targeted efforts.
Despite ever-growing volumes of data, just over half of banks still think that not having enough is the greatest obstacle to better risk management, according to a survey from the Economist Intelligence Unit.
Some of Wall Street's biggest banks will face tough new cyber-security assessments under plans from New York state's financial services watchdog.
London-based payments processor WorldPay is to spend $10 million to relocate its US headquarters and 617 employees to Atlanta, amid plans to double its American workforce over the next four years.
Square has poached the chief marketing officer of Visa Inc., Kevin Burke, to head up 'customer acquisition' across the company's portfolio of payments products.
Social investment network eToro has secured $27 million in new financing from venture capital funds associated with two of the world's largest financial services organisations, China's Ping An Insurance and Sberbank of Russia.
BBVA has acquired Spanish big data and cloud computing startup Madiva Soluciones as part of its strategy to buy up companies that are developing new technologies and disruptive business models.
A senior executive at Deutsche Bundesbank has warned that banks will have to spend considerable sums on upgrading their IT systems if they are to cope with insatiable regulatory appetite for new data reporting standards.
America's slow march towards faster payments has taken another step, with the Nacha setting out its plan to introduce same-day ACH clearing and settlement over the next few years.
Several Russian banks, including some subject to Western sanctions, will next week begin testing the country's new card payments system, designed to take on Visa and MasterCard.
© Finextra Research 2014