Pocopay, a mobile banking service aiming to take on Europe's high street giants, has launched in the Netherlands, Spain and its home market of Estonia.
Fit Pay, a wearable payments startup founder by former Visa and CyberSource executives, has raised $3.1 million in a seed funding round led by Germany's Giesecke & Devrient.
New ANZ boss Shayne Elliott, who has publicly declared that his legacy will be the digital transformation of the Australian bank, has invited fintech startups to email him personally with their ideas for improving customer services at the 180-year old institution.
Turkish interbank card centre BKM is collaborating with academics from Istanbul University and Ozyegin University to provide a framework for the country's startup ecosystem through the formation of FinTech Istanbul.
Simplex, an Israeli startup that enables the purchase of bitcoins via credit cards, has launched with $8.4 million in the bank.
Visa is vowing to transform from a payments network to an open platform through the launch of a developer portal that gives banks, merchants and tech firms access to its technology, products and services.
A new low-cost payment transfer network using distributed ledger technology has launched in Nigeria, helping hundreds of thousands of rural women send money via microfinance institutions.
ABN Amro is to use popular file-sharing app Snapchat as a channel for communications with its customers.
The Federal Reserve Bank of San Francisco has banned employees from tweeting from its Twitter account on personal devices after it was forced to hastily delete a political micro-missive.
Digitalisation is set to transform most aspects of the financial industry. Far from resisting it, banks should be embracing these fundamental changes, says Oliver Bussmann, group CIO at UBS.
Blockchain outfit Blockstream has raised $55 million in a Series A funding round led by Horizons Ventures, AXA Strategic Ventures, and Digital Garage.
© Finextra Research 2016