Europe's PSD2 doesn't directly impact Hong Kong, but its monetary decision makers support open banking frameworks, sparking a network of banks to support that effort through the help of HSBC and Swift.

The decision is a blow to Facebook's digital currency plans; the reduction is the bank’s “most ambitious attempt to rein in costs in years."

Europe would feel the brunt of the reductions, which would affect about 4% of the bank's global workforce.

HSBC's shortlist for its next chief executive includes Stephen Bird, Citigroup's head of global consumer banking, and RSA Insurance Group CEO Stephen Hester, Britain's Sunday Times newspaper reported.

JPMorgan, which led the offering, may have “enabled” the startup’s questionable behavior; the system may enable more people to get approved for mortgages.

When the payments industry's decision makers gathered in Los Angeles at SourceMedia's annual PayThink conference, certain topics dominated the discussion.

Early in her career, Strybel took a leap of faith when she followed her mentor's guidance and took a role outside her wheelhouse. It paid off, and it's a lesson she shares with younger bankers as part of her mission to pay it forward.

From her perch atop a global business that processes $455 trillion in payments each year, Diane Reyes sees the push to bring real-time processing to the U.S. through an international lens.

When HSBC announced 16 appointments amid changes to top management in April, Bouazza, who previously co-led the bank's Latin American business, was the lone woman selected.

The promise of real-time payments and the reality of the market are often at odds. That’s not a bad thing — it’s a sign there are pockets of demand that weren’t originally foreseen.