The central banks of Kenya, Tanzania and Uganda have connected their real-time gross settlement systems in an effort to bolster intra-regional trade in East African economies.
PayPal president David Marcus has predicted that bitcoin could double its value over the next year as it continues to prosper as an investment asset but insists that the cryptocurrency is not a real currency.
Four people have been arrested and approximately £80,000 cash seized by UK cyber-crime detectives investigating the suspected theft of £1 million from two UK banks
The Royal Bank of Canada (RBC) has added a feature to its iPad app which lets customers send money to their Facebook Messenger contacts.
Allied Irish Bank (AIB) has enlisted Hitachi to overhaul its entire IT storage environment as part of a wider effort to become a more digitally-focused operation.
Tesco Bank has begun recruiting 300 staffers as it gears up to finally launch its current account next year.
Hong Kong mobile operator 1010 has partnered with Global Payments to introduce a mobile point-of-sale reader that turns smart phones and tablets into card acceptance devices.
In a bid to reach more of the country's underbanked population, India's Bank of Baroda is deploying 2100 ATMs from Diebold which automatically switch between three possible power sources - solar panel, alternating current grid and internal battery - as circumstances dictate.
Payments start-up Clinkle appears to be experiencing severe growth pains as it lays off staff and restructures its operations in the wake of a recent $25 million funding round.
More retailers, including the world's largest publicly-traded oil and gas company, ExxonMobil, have signed up to the Merchant Customer Exchange (MCX), the retail-led coalition that is bidding to build a stake in the US consumer mobile payments market.
Politicians in Switzerland are set to vote on proposals submitted by 45 members of the Swiss Parliament for bitcoins to be legally recognised as a legitimate foreign currency, like the euro or dollar.
IBM has taken a controlling stake in Associated Dexia Technology Services, which provides IT services to financial institutions formerly within the Dexia Group, including Belfius Bank, Belfius Insurance and Banque Internationale à Luxembourg.
The UK's Barclays Bank is inviting ten start-up companies to take part in a 15-week fintech accelerator programme in conjunction with Techstars
New research from Australia's Capital Markets Cooperative Research Centre (CMCRC) has found that the presence of high-frequency traders improves market fairness by reducing end-of-day (EOD) price dislocation.
NatWest customers were locked out of online banking services for the second time in a week, as the accident-prone UK bank fell victim to a Distributed Denial of Services attack.
A YouGov poll of UK consumers has shown a strong resistance to mobile payments technology for paying for purchases at the point-of-sale.
The private banking statements of 647 high-net-worth clients of Standard Chartered Bank have been found on the laptop of a hacker busted by Singapore Police.
Thailand's state-owned telco TOT is to wade in to the mobile payments arena next year with the launch of an NFC-based mobile wallet, a tablet-based mobile point-of-sale device, and a Web-based customer relationship management system for managing inventory, tracking customer transactions and running rewards programmes.
JPMorgan Chase says hackers have compromised its network, putting the personal information of around 465,000 pre-paid cardholders at risk.
PNC bank is inviting people to build their own virtual gifts based on the items in the Twelve Days of Christmas carol for the chance to win a 3D printed version of their creation.
Corporate treasurers cite security challenges and bring-your-own-device business policies as the key obstacles to wider uptake of mobile banking platforms for treasury activities.
© Finextra Research 2013