Technology

The agency in charge of regulating cybersecurity incident reports asked firms Monday to give their input on how the developing set of rules should work.

The three challenger banks have defied the odds and created business models that have made them net positive in a market where fewer than 5% of startups are making money.

Shortcomings in security testing and monitoring of clients could also trip up payment industry players who need to meet new requirements by 2025.

In an exclusive interview, the moderate Virginia Democrat and co-chair of the Community Development Financial Institution Caucus touched on the future of community development, cybersecurity and nonbank regulation. 

Revolut Ltd. is launching a one-click payment feature in a bid to rival PayPal Inc. and other tech giants at online checkouts.

JPMorgan Chase is considering buying a stake in Yapily, a financial technology startup that's seeking to raise fresh funds, people familiar with the matter said.

Singapore country head Shee Tse Koon describes the bank's push to create a massive marketplace that offers everything from hotel reservations to health care.

After the Office of the Comptroller of the Currency cracked down on a $2.8 billion-asset bank, industry observers expect more scrutiny of the ties between banks and financial technology startups.

Technology designed to direct more consumers online can create difficulties for groups that rely on branches and other in-person services, according to Janis Bowdler, a racial equity counselor with the Treasury Department.

Fintech and cryptocurrency firms competing with banks but subject to fewer regulations are "getting away with murder," said Eugene Ludwig, a former comptroller under the Bill Clinton administration.