US authorities have charged nine people with hacking into business newswires to steal yet-to-be published press releases containing financial information that was used to make trades netting around $30 million in illegal profits.
In another blow to retailer-led mobile payments consortium MCX, US drugstore chain Rite Aid is activating support for rival products from Google and Apple across the company's 4600 outlets nationwide.
Canada's TD Bank, MasterCard and tech firm Nymi have completed what they claim is the world's first wearable contactless credit card payment to authenticate the user through their heartbeat.
The Canadian Payments Association has hired global consulting firm McKinsey to draw up plans to modernise the nation's core payments infrastructure.
C Hoare & Co. the UK's oldest bank, is to take its first step into the digital age by launching a mobile app and contactless cards.
UK startup Atom Bank is to be the first client for a re-engineered mortgage origination platform designed to meet the needs of digital challenger banks by Iress
The UK could be swamped by P2P lenders after it emerged that more than 100 companies have sought regulatory authorisation while almost 200 are already operating via interim permission from the Financial Conduct Authority (FCA).
With dozens of the world's biggest banks already investing heavily in the blockchain, it is just a matter of time before the technology creates far-reaching disruption in the financial services industry, says a new report from BBVA Compass economists.
Wealth management technology provider Envestnet has agreed to buy fintech outfit Yodlee in a cash and stock deal with an enterprise value of around $590 million.
An international project to develop a set of harmonised standards for cross-border real-time payments has published a first draft of ISO 20022 messages for review.
© Finextra Research 2015