Investment

Roxe says the distributed ledger technology that removes costly middlemen from international transactions can also lower expenses for currency conversions.

The cloud-based software vendor has completed a $10 million funding round through BlackFin Capital Partners and Picus Capital.

How technology is enabling new types of payment transmission and what this means for banking.

Distributed ledger projects in banking are few and far between — many have stalled and others remain experiments. Robert Townsend, who has worked with banks around the world and written a book about blockchain technology, explains some of the ways financial institutions could be using it, for instance in small-business lending and supply chain finance.

The company, which started in personal financial management, has grown quickly by helping consumers avoid overdraft fees and, more recently, adding a no-fee bank account. It's counting on a merger deal with a special-purpose acquisition company to fuel further growth.

Revolut is in the early stages of a fundraising round that could value the British company at $20 billion or more.

The Series B round, also led by Blockchain Capital, marks the first investment in the blockchain industry by Morgan Stanley's opportunistic investment arm.

The suburban New York bank says Skye, its conversational artificial intelligence assistant, is doing the work of 100 full-time employees.

Building a safer ecosystem: Why transparency, controls, and partnerships will drive next era of financial services.

Rapyd's new venture capital arm seeks companies that can develop or benefit from an international identity verification system.