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.
Venture capital investment in European payment companies is at an all-time high, as a shift in consumer behaviour to online and mobile channels blows the market wide open for smart startups.
Banks looking for a pay-off from investments made in digital processes should focus on back office automation projects and steer clear of multi-channel integration, according to research from McKinsey.
With progress towards a single euro payments area well in train, the European Central Bank has identified instant payments with immediate availability of funds as the industry's next frontier for harmonisation and cross-border collaboration.
Symantec has been chosen by fTLD Registry Services to verify firms looking to get their hands on the new .bank and .insurance generic top-level domains.
A QR code-based mobile wallet that can be used for in-store, in-app, online and P2P payments has launched in Belgium with the backing of the country's major banks.
MasterCard and Canadian bank CIBC have joined a $70 million series c funding round for Dynamics, an American outfit that makes "interactive" payment cards with buttons that users press to access different features.
The UK's Faster Payments scheme has issued proposals for a new access model that could open up the platform to challenger banks and technology companies who want to remain at the forefront of the real-time payments revolution.
A Singaporean data science company has bagged a S$40,000 prize and a chance to work with one the world's largest banks after triumphing in an Innovation Challenge set by UBS.
Ahead of Christmas, Barclays is giving one million customers the ability to pay in cheques remotely by taking photographs with their phones.
Women's clothes retailer bebe stores says that its payments processing system was hit by hackers last month, putting customer card data at risk.
While bitcoin's advance into the mainstream remains patchy, the crypto-currency still emerged as the ninth most popular payment method during the Black Friday and Cyber Monday shopping frenzy earlier this week.
Customers of Westpac will soon be able to call up access to their bank applications on Apple and Samsung mobile devices by logging in with a fingerprint.
National Australia Bank is opening up its API to developers inside and outside the bank for a one-day cloud computing hackathon, dubbed iDay, this coming weekend.
Recently-floated Virgin Money has struck a seven-year agreement with Monitise to develop a suite of digital, mobile banking services.
Japanese messaging giant Line is rolling out its mobile payments service for online and in-store transactions to users around the world.
India's banks are being urged to embark on a campaign to collect customer mobile phone numbers to help boost the country's so far sluggish take-up of m-banking services.
© Finextra Research 2014