Technology

In immediate, unrestricted availability of funds, the only true providers are those networks operated by banks or other financial institutions, writes Jack Baldwin, CEO of Baldwin Hackett & Meeks.

While senders prefer mobile devices, recipients remain stubbornly attached to receiving cash.

A new project backed by the government of Luxembourg could ultimately be influential in the U.S., where banks have been slow to develop a shared platform for digital identities.

The new funding comes as the challenger bank inches closer to gaining regulatory approval for a national bank charter.

The likelihood of Fed rate cuts is causing banks to plan for less net interest income, but it would be a mistake for JPMorgan to back off its move into new markets and tech investments, Jamie Dimon says.

Resistance to Libra on the Senate Banking Committee was bipartisan, and other takeaways from Tuesday’s hearing.

Finix, a startup offering tools for businesses to develop their own payments technology, has raised $17.5 million in Series A funding from investors that include Bain Capital and Visa.

New payment modes are expanding quickly, giving momentum to facial recognition and other advanced forms of authentication, according to James Daniels, vice president and head of Asia Pacific at FIME.

As strategic planning season kicks off, credit union boards and executives must consider whether they’re doing enough to prevent evolving cybersecurity issues, including account takeovers.

Raisin, an online marketplace that aggregates high-yield savings accounts in Europe, aims to launch in the U.S. in the next nine to 12 months.