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BASEL, Switzerland—The Bank for International Settlements has published a report it says highlights the benefits of interlinking arrangements and application programming interfaces (APIs) to enhance cross-border payments, while also highlighting the challenges that payment operators are facing.

DALLAS—A Texas company that transferred millions of dollars from the U.S. to Africa has admitted that it failed to adequately guard against money laundering, U.S. Attorney for the Northern District of Texas Chad E. Meacham announced.

WASHINGTON—Concern is being expressed by one congressman that fintech lenders may be taking advantage of small businesses and the self-employed.