Banks and payment firms should improve their monitoring systems and staff training to help protect customers from romance scams, which cost Brits £108 million last year, according to the Financial Conduct Authority (FCA).

MoneyGram has blamed a “cybersecurity issue” for an outage that has left users unable to send money for several days.

Vested Finance, a Silicon Valley-based online investment platform that enables Indians to buy and sell US stocks, has raised $3.6 million in a seed funding round.

IN1, a financial management app for fiat and crypto currencies, has raised $6 million in seed funding.

Mastercard is hoping to consign passwords to the history books with a new biometric authentication service.

Google design whiz Dan Makoski is quitting the search giant’s free-thinking Project Ara ‘pirate’ mobile development division to join Capital One as VP of design, with an initial focus on m-commerce and payments.

National Australia Bank (NAB) and Alibaba Cloud, the cloud computing arm of e-commerce giant Alibaba Group, are jointly hosting a hackathon to explore new ways to help Australian small businesses sell their wares in China and better serve Chinese tourists.

Digitisation and the advantages that are available through modern technology were core topics for the afternoon sessions at EBAday in Lisbon, Portugal.

As climate change activists smash the windows at its Canary Wharf HQ, HSBC is attempting to burnish its green credentials with a new programme to eliminate single-use PVC plastic payment cards in favour of recycled PVC plastic (rPVC) across all its global locations by the end of 2026.

Zocks, an AI-driven client intelligence platform for financial advisors has raised $13.8 million in a Series A funding round led by Motive Ventures.

The US arm of Industrial and Commercial Bank of China has reportedly paid a ransom to restore its systems after a hack attack last week that disrupted trading in US Treasuries.

At NextGen Nordics 2024 in Stockholm, moderator Debi Bell Hoskings hosted an interactive panel session on new regulation on data and privacy, asking for input from the audience.

The Turkish unit of Spanish banking giant BBVA has given its mobile app’s personal assistant a GenAI makeover.

As the cost-of-living crisis ontinues to squeeze household finances, Barclays is to pay mortgage customers up to £2,000 to support energy-efficient home improvements.

Klarna has launched a hotline to an AI avatar of CEO Sebastian Siemiatkowski where consumers can provide conversational feedback on product features, issues and suggestions for improvements.