Banks are rapidly adopting biometrics as an authentication method for mobile services and are willing to cooperate to provide customers with a common interface, according to a survey from the Mobey Forum.

Velocimetrics releases VMX Payments enabling banks operating payment platforms to accurately track all transactions in real-time from entry-to-exit presenting the potential to radically reduce processing costs, complexity and SLA breaches, whilst improving the experience of impacted clients when technical outages occur

Velocimetrics, the provider of real-time business flow performance monitoring and analysis solutions to the global financial community, today announces the release of VMX Payments.  

cab:app, a provider of a mobile application for taxi drivers, chooses payworks to drive card payment acceptance in cabs.

CR2 has today announced that its Board of Directors have appointed Franky Van Damme as Chief Executive Officer and member of the Board of Directors, effective immediately. Franky has worked with CR2 for some time, having previously held the position of non-Executive Director since May 2008.

Barclays is to roll out its mobile cheque imaging service to Android phones and iPad users, bringing the service within reach of one million more customers.

Only weeks ahead of its demerger from parent company eBay, PayPal has recently announced the all-cash acquisition of cross-border P2P remittance provider Xoom for $25 per share, equivalent to $890m. This latest acquisition follows on the heels of other recent notable deals including in 2015 mobile wallet platform provider Paydiant for an estimated $280m, and new breed payments gateway provider Braintree, including its domestic P2P brand Venmo, for $800m in 2013.

ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces the appointment of Jenny Knott as CEO Post Trade Risk and Information Services.

Jenny joins ICAP from leading African financial services group Standard Bank Group where she was CEO of Standard Bank Plc and CIB International, and most recently Strategic Advisor to the Group CEOs.

Cisco announced its intent to acquire OpenDNS, a privately held security company based in San Francisco. OpenDNS provides advanced threat protection for any device, anywhere, anytime. The acquisition will boost Cisco's Security Everywhere approach by adding broad visibility and threat intelligence from the OpenDNS cloud delivered platform.

BT today announced a new drive to accelerate innovation in global financial markets by bringing fintech start-ups onto the BT Radianz Cloud, the world’s largest, secure networked financial community. The Radianz Cloud celebrates its 15th anniversary this year.

Fintech start-ups are a growing source of innovation in the financial markets industry.  But their small size creates challenges around market adoption, delivery and meeting the stringent contractual or compliance expectations of large financial institutions.

American retail banks will spend $16.6 billion on "digital transformation initiatives" this year, according to research from IDC Financial Insights.