Lanistar, the much-hyped fintech that found itself in hot water with the UK’s Financial Conduct Authority last year, says it has now secured the regulator’s approval to operate as an Electronic Money Directive (EMD) agent of payments firm Modulr.As an EMD agent, Lanistar can distribute and redeem electronic money on behalf of Modulr, meaning the …

Controversial fintech Lanistar scores FCA approval Read More »

eBay further distances itself from its PayPal relationship and looks to consolidate its payments inhouse, the e-commerce monster has signed a new deal with Payoneer. Payoneer replaces PayPal in latest agreement with eBay Payoneer says it is collaborating with eBay to enable sellers in select countries to get paid for their sales on eBay’s core marketplace. …

Payoneer replaces PayPal in latest agreement with eBay Read More »

HSBC’s caller identification programme Voice ID has cut telephone banking fraud by over 50% during the past year, demonstrating the value of biometric verification in the fight against scammers. The UK bank reckons its voice biometrics system has prevented almost £249 million of customers’ money from falling into the hands of telephone fraudsters in the …

HSBC’s Voice ID prevents £249 million of attempted fraud Read More »

It seems like fintech partnerships have been on the menu lately and this next one could be a match made in digital banking heaven. Plaid and Railsbank are teaming up to bring Plaid’s Payment Initiation API to Railsbank’s customers, allowing them to instantly accept bank payments within their app or website. “This partnership is all about making it easier for any company, …

Plaid and Railsbank are taking embedded finance to the masses through their latest partnership. Read More »

The U.S. nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, the first effort of its kind in the United States. The private-sector pilots initially will be funded by Accenture Plc (ACN.N) and involve financial firms, …

Digital Dollar Project to launch five U.S. central bank digital currency pilots Read More »