Finextra

Majority is expanding its mobile banking service for migrants to all 50 US states after securing $19 million in seed funding.

Wells Fargo is the latest big name US bank to join the Akoya Data Access Network, enabling fintechs and data aggregators to request API-based access to customer data.

Visa and PayPal have invested in the latest, $300 million, fund from venture capital firm Blockchain Capital.

The UK’s competition watchdog has issued a warning to Monzo after it breached a rule requiring it to send banking transaction histories to over 143,000 former account holders.

Commonwealth Bank of Australia has set out plans to recruit in excess of 600 engineers across a variety of disciplines, including software, systems, data and test engineers.

ION Group is to install a new IT system for Italian digital challenger bank illimity and take a 9.99% stake in the lender.