Citi is running a competition to encourage individual developers, teams and companies from around the world to create innovative mobile banking and payments applications.
Canada's Sun Life Financial is hailing the success of an online gamification programme in motivating participants to increase their investments in workplace retirement savings plans.
A new venture capital fund focusing on early-stage businesses in need of Series A financing has launched in London, reinforcing the UK capital's status as a magnet for tech startups.
EU supervisory authorities are warning banks to reinforce IT controls and audits on third-party technology providers and to ringfence budgets related to operational risk.
Chase has hired a fleet of food trucks to provide sustenance to Apple fanbois waiting in line for the new new iPhone 6 and 6 Plus models.
US retail chain Home Depot says that 56 million payment cards are at risk following a malware-laden cyber-attack on eftpos tills across its stores in the US and Canada.
Swift has given a strongly worded response to a European Parliament resolution calling on the EU to consider expelling Russia from the financial messaging network.
Just as fintech steps from the shadows into the mainstream, Finextra is establishing a local North American editorial presence.
Fintech developers, designers and entrepreneurs are being invited to gather in London next month for a 54-hour hackathon that could see them win help from industry heavyweights to develop their ideas.
Rabobank is tapping Vasco Data Security technology for a new security system that authenticates online customers through high definition QR codes.
India's Mahindra Comviva is partnering up with First Data to push its mPOS technology to the country's huge merchant community.
Cross-border payments network Earthport has raised £26.6 million through the placing of 65 million shares with a mix of new and existing institutional investors.
Hong Kong Interbank Clearing Limited (HKICL) has signed up to deploy Swift's new Market Infrastructure Resiliency Service (MIRS), which provides a backup to the territory's real time gross settlement (RTGS) system in the event of a catastrophic breakdown.
Shares in Monitise plummeted more than 25% in morning trading on news that Visa is "considering its options" on its 5.5% stake in the mobile money firm.
BNP Paribas Fortis and SIX Payment Services are promising to bust the Bancontact/Mister Cash monopoly in Belgium by launching their own one-stop payments shop for merchants, covering everything from terminals to acquiring services.
MasterCard is claiming a 98% success rate for pilot trials of a biometric verification system combining both voice and facial recognition.
Westpac has teamed up with venture technology accelerator BlueChilli to challenge Australia's startups to develop ways to help the bank's business customers.
US neo-bank Simple has added support for Apple's TouchID and Android-powered wearable devices, as it bids to reclaim its credentials as an innovator in financial services following complaints from customers about buggy software issues on its platform.
The Bill & Melinda Gates Foundation is aiming to accelerate the adoption of digital payments in the developing world by offering grants to firms that make it easy for small merchants to accept mobile money.
Wireless operator Orange has integrated its mobile Money platform with the Bank of Africa, enabling users to perform basic banking transactions with their handsets.
European card issuers stand to lose $8 billion per year from a revenue pool of $60 billion beginning in 2015, as stiffer regulation and caps on interchange fees take their toll, according to a study by the Boston Consulting Group.
© Finextra Research 2014