The innovation agenda has been top of mind for bankers attending Swift’s operations forum in Amsterdam, with delegates sharing their experience of agile development practices, distributed ledger technology and IoT and AI deployment.
PayPal will pay $2 million to settle New York State charges that cybersecurity failures at the firm led to customers’ social security numbers being exposed.
The second day of EBAday 2023 started off with the hot topic of Payments as a Service (PaaS), and specifically some of the preventative measures which need to be undertaken to secure PaaS against cyber-attacks and fraud.
Deutsche Bank has partnered with fintech firm FinLync to utilise pre-built API integrations and SAP-embedded treasury applications to allow for connection between corporate teams, in real-time.
Digital asset infrastructure fim Ripple has reached a $40 billion valuation on a $500 million funding round.
The majority of UK-based financial firms are risk-averse when it comes to new technology, according to recently published research.
UK challenger bank Starling is to release its API to third party developers as it undertakes its first hackathon and prepares for the forthcoming launch of its banking-as-a-service marketplace platform.
JPMorgan has opened applications for a new fintech accelerater programme for startups and business founders in the UK.
PayPal has submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation to establish PayPal Bank.
Morgan Stanley is preparing to offer crypto trading to retail customers through its E-Trade platform, according to reports. The Wall Street giant is working with zerohash on the plans after joining a $104 million funding round for the crypto and stablecoin infrastructure platform.
Indian payments company Pine Labs is reportedly seeking to raise more than $430m from its upcoming IPO in Mumbai.
HSBC is to slash 35,000 jobs as part of a major overhaul of its business after seeing profits plunge by a third in 2019.
Norway’s largest bank, DNB, is launching a new version of its mobile app, powered by the open banking platform Nordic API Gateway.
As head of open innovation at Spain’s BBVA, Jose Antonio Gallego is in the front line of the digital transformation of banking. He speaks to Finextra about the challenges facing the industry and how BBVA is seeding a new culture of innovation across the bank.
Gearing up for the annual Sustainable Finance Live conference on 10 October 2023 at Events@No6 London, Finextra is interviewing industry experts who will be speaking at the insightful panel discussions during the conference.