Ant Financial, the financial services arm of e-commerce giant Alibaba, is leveraging Big Data technology and all of its considerable customer assets to launch a powerful new credit scoring agency.
Canary Wharf accelerator space Level39 has opened a tech trade route to Hong Kong, through a partnership with Asian startup incubator Nest.
Apple CEO Tim Cook has declared 2015 'the year of Apple Pay' as the consumer tech firm reported the biggest quarterly profit ever made by a public company on the back of record iPhone and iMac sales.
The functionality of mobile banking apps developed by five of the UK's top banks has been criticised after they racked up so-so scores in user experience testing conducted by Adaptive Lab.
Swyp has become the latest startup to promise to replace the credit, debit, gift and loyalty cards in customers' wallets with a single card and app combo.
Former ING Direct CEO Arkadi Kuhlmann has launched a mobile banking service in Canada that promises to cater to "citizens of the world" through a multi-currency savings account.
Speaking today at Citi's annual Digital Money Symposium event, Greg Baxter, global head of digital strategy at the US money centre bank, questioned the long-term economic viability of bitcoin as a global currency.
Halifax has launched a tailored online banking service for young customers aged between 11 and 15 in an effort to promote better money management skills.
The future of the blockchain and the use of the Internet of Things in financial markets are among the challenges set out by banks participating in the next Startupbootcamp hackathon in London.
The US Federal Reserve has set out a series of options for speeding up the country's antiquated payments system.
Coinbase has launched America's first regulated bitcoin exchange, helping to push the crypto currency's price past the $280 mark.
E-commerce payment processor WePay has integrated with Google's Instant Buy API, a service that lets Google Wallet users check out in just two clicks on mobile and web without exposing their sensitive information to third parties.
Andreessen Horowitz, the investment firm which rose to prominence thanks to big bets on Facebook, Twitter, Airbnb, and Pinterest among other, has led a $58 million funding round in UK money transfer startup TransferWise.
Dubbed 'the Simple for Europe', after the US-based banking startup now owned by Spanish Bank BBVA, online-only bank Number26 has begun taking deposits from pre-invited customers in Germany and Austria.
UK banks are experiencing faster growth rates for digital services by customers in the 70s and 80s, according to the latest data from the British Bankers Association.
PayPal is cutting off services to customers in Crimea in response to western sanctions related to Russia's annexation of the region last year.
Britain's banks must do more to protect themselves from cyber attacks, says the Bank of England, following an analysis of the perimeter defences and operational resilience of 36 of the nation's top financial service providers.
The venture capital arms of Citibank and American Express have joined a $21 million funding round for digital marketing communications company Persado.
With only nine months to go until the US EMV migration deadline, more than half of retailers are not ready for the switch, according to a survey from ACI Worldwide.
MasterCard is inviting innovative startups from across Europe to apply for the second edition of its Start Path Europe accelerator.
By 2030, two billion people who don't have a bank account today will be storing money and making payment with their mobile phones, predicts Bill Gates.
© Finextra Research 2015