Investment

A group of Canada's largest banks has invested $27 million in SecureKey Technologies as the Toronto-based security company preps a new digital identity service for 2017.

A strong and dynamic risk detection system requires focusing on the most important blind spots not satisfactorily explained by existing tools, rather than focusing on the "answers" produced by those tools.

In a world that is moving faster than ever before, consumers complete transactions at the register with a simple tap of a phone and transfer money across accounts in seconds.

Longtime Amex exec Alfred F. Kelly Jr. will be taking over as Visa CEO at a time when much is at stake for the global card network.

SparkLabs and Global Ventures have invested $3.4 million in Pay By Group, which makes a white-label e-commerce tool for splitting costs.

Early pioneers of this form of artificial intelligence in the banking industry see clear benefits but unexpected pain points that have to be addressed.

Biometric security company Hypr Corp. has closed a $3 million funding round to accelerate the development and adoption of its encryption product.

Businesses may need to rethink their approaches to identity verification for millennial consumers.

Many startups have taken shots at traditional banking, but few have succeeded. However, there is plenty of promise in this model, according to investor Tim Young.

The Federal Financial Institutions Examination Council reiterated Monday that its cybersecurity assessment tool is voluntary, despite bankers' fears that not using it could put them in hot water with their examiners.