Markets

HSBC is working on a project called Quantum Computing to enhance its finance section. It plans to use the power of the technology in areas like natural language processing, fraud detection, and cyber security. In collaboration with Quantinuum, the company...

Hyundai is working towards making in-car payments a thing. The automaker has launched the Hyundai Pay system, where customers can find and pay for products and services through the car’s touchscreen. The in-car payment service involves customers’ credit card information....

Upstreet, a fintech based in Australia, has shut down its operations just 17 months after securing $3 million from investors. The fintech rewards shoppers with fractional shares whenever they buy everyday items. The co-founders of Upstreet, Christian Eckleman, and Sabine...

The Commonwealth Bank of Australia (CBA) is set to acquire cloud-based invoice lending firm Waddle. The acquisition will accelerate the bank's plans to offer working capital solutions to businesses across Australia. CBA will make this acquisition through its venture scaling...

Hana Bank, one of the leading commercial banks in South Korea, has entered a strategic partnership deal with BitGo. The partnership seeks to launch digital asset custody services during the second half of 2024. BitGo is among the most popular...

The Regulated Liability Network became increasingly popular in the United States with trials that attracted the participation of several banks. The trial also included Mastercard and the New York Federal Reserve. The UK Regulated Liability Network plans to experiment with...

EvolutionQ, a Quantum security startup, has participated in a research project for the Bank of Canada. The research involves quantum-safe cybersecurity technologies for digital currencies. EvolutionQ's CEO, Michele Mosca, said that the recent advancement in the digital asset industry meant...

A new report revealed a major security flaw in the New York City subway’s contactless payment system. According to the report, the system allows people with a rider’s credit card details to see their travel history dating back seven days....

USAA, the online military bank, has just struck a major victory in its goal to protect its remote deposit capture patents. According to recent reports, the bank partnered with Discover Financial Services and secured a licensing agreement. The two companies...

UK bank NatWest has decided to turn to London-headquartered Icon Solutions for the modernization of its payment workflows. Icon Solutions has developed the Icon Payments Framework (IPF), which NatWest intends to leverage for the development of a new payment processing...

New research conducted by Forex Suggest looked into the blockchain industry leaders, trying to find how many men and women lead the sector by running the top crypto and blockchain firms. The results of the study show that the blockchain...

The Financial Conduct Authority (FCA) started assessing the products and services of nine different UK companies. The goal is to deduce whether the firms are offering fair values and ensure consumer savings deals of top quality. The move comes nearly...

X, the social media platform formerly known as Twitter, has secured several money transmitter licenses. The licenses have been obtained across seven states in the United States. X plans to use these offerings to boost its presence in the payments...

The United Kingdom has seen a significant increase in the number of open payments over the course of the last month. New data shows that 11.4 million open banking payments were made in July 2023 alone, which is 9% more...

UK-based LHV Bank has come up with a plan to enter the local personal savings market. The plan revolves around a partnership with an online savings platform called Raisin UK. The move will allow the bank to expand its services,...