Samsung will introduce its mobile payments service in South Korea later this month, with Visa, MasterCard and several major banks onboard for a US launch in September.
Swiss financial infrastructure provider SIX Group has set up a fintech incubator to work with startups on evaluating and developing innovative new products and services for the financial services industry.
The US Office of the Comptroller of the Currency is contemplating setting up a fintech innovation unit to help regulated financial institutions compete on an equal footing with non-bank providers of financial services.
Denmark's Coinify has acquired rival Dutch processor Coinzone in a bid to create a pan-European provider of bitcoin-to-fiat payment processing for online merchants and PSPs.
The day after posting a record $9.14 billion of profits and boasting about its technological prowess, Commonwealth Bank of Australia has had to apologise to customers over a system error that saw debit, credit and mobile payments double-charged over a six-day period.
Goldman Sachs is set to ditch its secretive, proprietary approach to its trading strategies, offering clients access to in-house tools through an open source platform, according to the Wall Street Journal.
BlackBerry has teamed up with PayPal for a trial that lets BBM users in Canada send and receive money through the messaging service.
Execution broker ITG and its affiliate AlterNet Securities have agreed to pay $20.3 million to settle SEC charges that they operated a secret dealing desk and misused the confidential trading information of dark pool subscribers.
Financial data outfit Markit has continued its acquisition spree with a $200 million deal for New York-based CoreOne Technologies.
FIS has signed a definitive agreement to acquire Sungard for $9.1 billion in a cash and stock deal, creating a fintech powerhouse covering the full spectrum of banking and capital markets services.
© Finextra Research 2015