Tanaya Macheel

The deployment comes as Singapore is in the midst of a broad digital initiative for the entire city.

Bank consortium R3 CEV, one of the most well-funded blockchain working groups, has endured criticism for its meticulous process. But if blockchains are most valuable with a network effect, maybe forgoing some agility is worth the long while.

Labor Department sues JPM over discriminatory pay practices; Krawcheck: key to closing equality gap is financial equality; Rep. Maloney: administration should make gender pay gap a top priority.

Quicken is working with PayNearMe's Prism RESTful API to allow customers to see real-time transaction data and historical account information from significantly more billers in the Quicken personal finance platform.

UnionPay customers can now transfer funds from Canada to China without fees through a partnership with Canadian bank CIBC.

The Financial Conduct Authority has given the green light to Geoswift, the Hong Kong-based cross-border payments company, to operate collection and settlement services between the U.K. and China.

FIS is forming a network for the inaugural class of its VC Fintech Accelerator program.

HSBC has formed an advisory board to guide it on fintech, cybersecurity and IT infrastructure issues.

Bitcoin exchange and digital wallet provider Coinbase has received a virtual currency and money transmitter license — commonly known as a BitLicense — from the New York State Department of Financial Services.

Cardtronics is bringing its relationships with Citi and Walgreens together, bringing Citi branded ATMs inside Walgreens locations across the U.S.

Bigger isn't always better; as card issuers compete to bring in more spending, many are rethinking the way they offer rewards. Some of their approaches focus on streamlining redemption, while others dabble with cutting-edge technology such as virtual reality.

Vantiv Integrated Payments has launched triPOS Cloud, which allows independent software vendors to manage payments hardware from the cloud.

Mobile payments company Net Element has partnered with the Russia's Airbnb-like short-term accommodation company Sutochno.ru.

Larry Mazza, MVB’s chief executive, joined the board at BillGO.

Fifth Third Bancorp in Cincinnati has added Android Pay and Microsoft Wallet to its mobile payment offerings, supporting a total of five mobile wallets.

Simple innovations -- such as those that would bring the underbanked into the financial mainstream -- are often stymied by regulation, says Bank of America CEO Brian Moynihan.

Valley National Bancorp in Wayne, N.J., has promoted Dianne Grenz to become its chief consumer banking officer.

Eastern Bank in Boston has hired a former Citi Cards executive to oversee its consumer-lending business.

Los Angeles fintech firm InvestCloud has acquired London-based Babel Systems for $20 million.

Cardtronics has completed its acquisition of Canadian ATM operator DirectCash Payments.