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Central banks ponder the risks of tokenisation

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Central banks ponder the risks of tokenisation

Tokenisation of money has many benefits, but also poses economic, legal and technical challenges that must be addressed if it is to fulfil its potential, says the Bank for International Settlements.

Mastercard unveils open banking 'command centre'

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Mastercard unveils open banking 'command centre'

Mastercard has unveiled a set of tools designed to make it easy for people to manage how they share their financial data with third parties.

Sibos: PBoC to promote the ‘healthy development of cross-border payments’

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Sibos: PBoC to promote the ‘healthy development of cross-border payments’

“The People’s Bank of China (PBoC) will continue to promote healthy development of cross border payment in the principles of openness, cooperation and mutual benefit,” said Lu Lei, deputy governor, The People's Bank of China, during the Sibos’s opening plenary.

Fintech association sues CFPB over BNPL rule

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Fintech association sues CFPB over BNPL rule

The Financial Technology Association (FTA) has filed a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) new buy now, pay later rules.

CaixaBank switches on instalment payments with Apple Pay

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CaixaBank switches on instalment payments with Apple Pay

CaixaBank has become the first financial institution in continental Europe to offer buy now, pay later services to users checking out with Apple Pay.

Real-time payments are raising GDP and driving financial inclusion

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Real-time payments are raising GDP and driving financial inclusion

Real-time payments are forecast to generate $285.8 billion of additional global GDP growth and create more than 167 million new bank account holders by 2028, according to a new report published by ACI Worldwide.

Disney to the fore in new OCBC kids account

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Disney to the fore in new OCBC kids account

OCBC has launched a parental-controlled bank account for children between the ages of seven and 15.

Global payments in 2024: Simpler interfaces, complex reality

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Global payments in 2024: Simpler interfaces, complex reality

Global payment revenues will remain robust over the next five years, enabling the sector to unlock an additional $700 billion by 2028, according to a McKinsey report.

Fintech funding bucks the downward trend across Europe

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Fintech funding bucks the downward trend across Europe

Innovations in AI and embedded finance have kickstarted a recovery in fintech funding, according to Q3 figures compiled by Dealroom.

Why US fintech and banking is at an inflection point

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Why US fintech and banking is at an inflection point

Boston Fintech Week returned this week for its seventh instalment, welcoming industry experts and executives to a two day conference at the Federal Reserve Bank of Boston to discuss the state of banking and fintech at full throttle in the US, and explore what lies ahead.

Wise gains direct access to Japan’s payment clearing network – Reuters

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Wise gains direct access to Japan’s payment clearing network – Reuters

Wise has become the first foreign firm to receive approval for direct access to Japan’s bank payment clearing network Zengin.

Climb Credit sued by CFPB for “false promises and outright lies”

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Climb Credit sued by CFPB for “false promises and outright lies”

The Consumer Financial Protection Bureau (CFPB) has announced its suit against Climb Credit and its largest shareholder 1/0 for misrepresenting the quality of its training programmes at partner schools.

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