Investment

Banks have used biometrics for about a decade, but there are a number of hurdles that banks, device makers and customers need to overcome before passwords are history.

A 2010 cyberattack targeting the Federal Deposit Insurance Corp. — believed to have originated in China — is reportedly the subject of an FBI investigation.

Two clients of French bank BNP Paribas processed and cleared several live payments over the bank’s Cash Without Borders product.

The blockchain startup Axoni has raised $18 million in a Series A funding round led by Wells Fargo and Euclid Opportunities, the fintech investment business of the interdealer brokerage ICAP.

The decision to rewrite the regulation came two days after a hearing in which New York bankers unleashed a litany of complaints about the regulation to Empire State lawmakers.

A Danish company called Cardlay has closed a $4 million funding round to deploy its white label card management solution to banks.

In the headlong rush to revolutionize modern finance, blockchain enthusiasts are overlooking one potentially costly problem: their applications, built on open-source code, may actually belong to someone else.

Scandal, business models gone awry, missing money and executive shake-ups — 2016 had it all. Here are the financial services executives or groups of them who took the heat and will be looking for better times in 2017.

With identity management now established as a distinct industry, it needs an organization to nurture its practitioners like those that exist for the privacy and security sectors.

The scourge of account takeover isn't lost on Citizens Union Bank, which is involving its business customers — or rather, their biometric traits — in improving the security of their accounts.