01 October 2014

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The UK's Financial Conduct Authority will explore the introduction of full bank account portability as part of a review into the country's existing current account switching service.

A group of Wall Street firms, led by Goldman Sachs, has acquired instant messaging outfit Perzo and set up a new company to help them break free of their reliance on Bloomberg.

Canadian digital bank Tangerine is revamping its mobile app to enable customers to log in using Apple's Touch ID technology and issue commands through speech.

Swift's MyStandards tool is to be made available via Deutsche Bank's Autobahn Apps Market.

Wells Fargo has established a digital lab to test the use of bleeding edge technologies such as smart wearables and virtual reality headsets in banking.

After closing a $50 million funding round, Reddit could create its own cryptocurrency as a way of handing over shares in the platform to its massive user-base.

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Yodlee Interactive is launching a private beta programme that will marry its transactional data with geo-location information in an effort to make app offerings more personalised.

Dwolla has raised $9.7 million in a funding round led by exchange operator CME Group in a move that signals the digital payments startup's intentions to move beyond the retail world.

General Catalyst Partners is to invest $10 million in venture capital for market-changing businesses and applications built on the Stripe Connect platform.

Bank of America Merrill Lynch is tapping the technology behind its P2P payments service to launch a system that lets companies send money directly to customers' accounts using their mobile number or email address.

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