Whether it's KYC or AML, FinTechs have a hard time complying with rules. A recent poll found that KYC and AML compliance is one of the main obstacles to FinTech growth globally.

Russians are no longer permitted to transfer money abroad. For the first time since 1971, the Russian government has imposed a ban on moving money out of Russia.

The 42-year-old fintech, MoneyGram will no longer continue as a separate entity in a surprising turn of events. The company has agreed to an all-cash deal of $1.8 billion and now will operate under the Madison Dearborn Partners banner following the acquisition.

Uncertainty over a potential Russian invasion of Ukraine has resulted in twice as many people looking for ways to transfer money in and out of the country.

In a major push towards digital payments, Nepal is set to become the first country in the world to adopt India's Unified Payments Interface (UPI) system.

Big data has been a hot topic in the finance and IT spheres for some time now. With all of the funds flowing into the big data market, it is not hard to see why. More often than not, big data is used as a tool for ascertaining patterns that may lead to more efficient methods of business operations and insight into certain phenomena that would otherwise be invisible to those without access to such powerful tools.