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Paytm, India’s largest digital payments startup, raised $1.4 billion from SoftBank Group in the largest funding round from a single investor for the country’s technology sector. The funding into [...]

Voice-recognition software used by HSBC to stop fraud was fooled by a BBC reporter and his twin brother. HSBC is reviewing ways to make the ID system more sensitive Research, conducted among 2000 [...]

American Express has announced that cardholders can now use Amazon Alexa to check their account balance, review recent charges, make a payment and find out about new offers Monzo has announced [...]

4thWay has warned that ‘easy access’ accounts offered by peer-to-peer loan platforms do not guarantee to return money quickly. The research company believes it could be less risky for investors [...]

Monzo has prioritised launching current accounts for its 190,000 customers over the development of a full featured public API. However, the bank still intends to launch a public API and developer [...]

Mortgage Brain, a software developer co-owned by Barclays, Lloyds Banking Group, Nationwide, Royal Bank of Scotland Group, Santander and Virgin Money, is working with advisers from Deloitte on a [...]

Starling Bank is to launch a service that will allow companies to gain instant access to Britain’s payments systems so they can offer their customers real-time payments online or through mobile [...]

Bank of Ireland has announced it is investing €10m into branch development. The bank is also setting up a ‘Startlab’ incubator facility above its Camden Street, Dublin branch Challenger banks [...]

Commercial banks have realised that profitability is strongly dependent on innovation. New entrants are forcing commercial banks to quickly adapt to change and offer innovative solutions to SMEs [...]

NewDay has reported that its lending grew by 32% in 2016, with 1m new customers borrowing. Meanwhile, Enova, the owner of lending sites including QuickQuid, said it had seen 16% growth in Q1 2017 [...]