Korean mobile handset manufacturer LG is to step into the crowded m-payments market, forming an alliance with Shinhan Card and KB Kookmin Card to launch LG Pay.
Is Square the canary in the coalmine for over-hyped tech startups? That's the question investors are asking after the hip poster child for the fintech revolution priced its IPO at $9 per share, giving the company a price tag of $2.66 billion, some way south of the $6 billion valuation at its last private fund raising round.
Danish neobank Lunar Way is vowing to spread across Northern Europe, bringing its mobile-centric services to a host of countries by teaming up with local regulated banks.
Santander in the UK is challenging students to come up with new ideas to transform the banking industry, with a £20,000 prize pot at stake.
Barclays has been slapped with a $150 million fine by New York state's financial regulator and told to fire an employee over an automated system used to reject unprofitable client orders on its electronic foreign exchange trading platform.
WeBank, the online banking arm of Chinese e-commerce outfit Tencent, is speaking to private equity investors about a $1 billion fund raising effort to spearhead a high street banking push, according to the Wall Street Journal.
London-based business finance outfit Ebury has snagged a massive $83 million funding round led by Vitruvian partners.
Canada's CIBC is to partner with alternative marketplace lender Thinking Capital to enable small business owners to apply for a loan of up to $300,000 online, with decisions in minutes and funding in just a few days.
The Canadian Payments Association estimates that the cost benefits to businesses of a move to the ISO20022 standard could be as high as $4.5 billion over five years simply from the elimination of cheques
Italian payments processor SIA is teaming up with GFT Technologies to push its Jiffy mobile person-to-person money transfer service in Germany.
© Finextra Research 2015