FSTech

Goldman Sachs has promoted Mathew McDermott to become its new global head of digital assets, as part of a push towards legitimising blockchain within banking. He replaces Justin Schmidt, a former crypto trader who ran the bank’s digital assets team…

Capital One has agreed to a $80 million fine from US regulators over last year’s hack which exposed the personal information of more than 100 million customers and applicants. The Office of the Comptroller of the Currency (OCC) calculated the…

Amazon Web Services (AWS) is to collaborate with Global Payments for a cloud-based issuer processing platform. The multi-year collaboration agreement will see the companies will work together to broaden Global Payment’s worldwide customer base and transform its core issuing platform…

Nearly a third (32 per cent) of consumers have turned to digital wallets to send international remittances and money transfers during the COVID-19 pandemic. A Sapio study of 8,000 consumers across the UK, US, Canada, Germany, Austria, Bulgaria and Italy,…

FinTech funding increased 17 per cent to $9.3 billion in the second quarter, compared to the first. The latest CB Insights analysis showed that the amount of deals also rose to 141 in June, from 127 in April.