Technology

The U.K.’s major banks are urging regulators to allow for greater flexibility in processing high-risk transactions, in a bid to tackle ever-rising levels of financial crime.

It creates an auditable, distributed ledger of transactions that cannot be altered or removed, enabling transactions that are valid, authentic, trustworthy and immutable, according to David Uhryniak, a blockchain services leader at Crowe LLP, and Brian T. Zygmunt, a partner with Crowe LLP.

The drudgery of filling out forms and changing bills prevents many customers from swapping banks. One fintech has simplified that exchange, and banks are willing to pay it to deliver them new customers.

The CEO of the nation's biggest bank gave the fintech props for revolutionizing payments and then building off its success to provide a whole range of services to small-business clients.

German payments company heidelpay has made a series of recent deals to diversify its merchant appeal, including this week's agreement to buy digital point of sale terminal seller Alpha-Cash Payment GmbH.

The root of the credit reporting sector’s problems may be its dominance by a handful of big firms, lawmakers from both parties said at a hearing.

Mobile payments adoption is patchy, but it's getting a higher profile in social media.

Amazon, Accenture and Mastercard are using digital identity, blockchain and mobile payments to crack a window into sustainability and inclusion, but they’re also gaining potential retail benefits by capturing consumers who crave information about the origin of products.

Hong Kong's mobile wallet AlipayHK has expanded to enable cross-border payments for the first time in Japan and other regions of the Greater Bay Area.

The Small Business Administration should consider partnering with fintechs, which have the capacity to approve loans quickly, to help avoid the kind of application backlog the agency faced after the last government shutdown.