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Incumbent bank wires and checks, for example, carry slow settlement times and poor exchanges rates, while some newer fintech alternatives lack the interoperability with one another to scale and sometimes prioritize speed over security, writes Peter Shore, general manager of Transpay

The European Union’s General Data Protection Regulation could serve as groundwork for future U.S. rules, so analysts suggest credit unions at least begin working toward compliance.

The appointment of the former top lawyer at Fifth Third Bank rounds out the Trump administration’s picks to run the federal prudential banking agencies.

Payday lending stocks are beating records. Mostly because they're no longer payday lenders.

The Michigan company will buy 52 branches and $2.3 billion in deposits from the San Francisco banking giant.

Marqeta Inc. may never be a household name, but its behind-the-scenes payments services have attracted plenty of attention. The fintech startup announced Tuesday that it is raising $45 million from investors including Iconiq Capital, the family office with investors including Jack Dorsey and Mark Zuckerberg, and Goldman Sachs Group Inc.’s investment bank.

Financial institutions can improve monitoring of suspicious activity and potentially risky customers using algorithms, but they need to treat this new technology with caution.

Trade association combines with state leagues to defend credit unions against ‘predatory’ suits.

UniCredit and Société Générale are discussing a merger; Revolut also plans to launch its mobile service in the U.S. this summer.

The information you need to start your day, from PaymentsSource and around the Web. Today: Citi embraces open banking for U.K. business; Ripple invests in blockchain studies; Paysafe's iPayment acquisition closes; Singapore and India will share fintech innovation.