Kreditech, a Germany-based lender focused on the unbanked, has suffered a data breach that has resulted in the personal records of thousands of applicants stolen and dumped on the dark web.
With innovations encompassing the bond marketplace, bitcoin, and cyber-security, a second cohort of London-based startups are about to board the thirteen-week Barclays Accelerator programme
Nasdaq has made its first trading technology platform sale to a bitcoin-based digital currency startup.
The co-founder of a Nasdaq-listed payments processor and a former legal advisor for American Express - Tom DeLuca is now focused on his latest venture, AMP Credit Technologies, a platform for banks and lenders to provide short-term unsecured small business loans.
Banks must concentrate on harnessing a range of digital technologies or risk losing customers to a new wave of competitors, according to a report by the British Bankers Association (BBA) and Accenture.
While it is unlikely to ever truly compete with traditional currencies, bitcoin could, when combined with the traditional finance system, have cost advantages over credit cards and money transfer firms like Western Union, according to a Credit Suisse article.
Square is hoping to wean America's merchants off of cheques by extending its Cash person-to-person payments service to businesses.
The junction between Ireland's emerging fintech cluster and the traditional financial services sector could create 5000 new jobs by 2020 says professional services firm Deloitte.
London-listed Optimal Payments has agreed to buy Skrill Group for an enterprise value of around EUR1.1 billion in a deal it says will create a major global player in online payments and digital wallet services.
The Clydesdale Bank has begun circulation of Britain's first plastic banknotes, with a limited edition run of two million £5 polymer notes.
© Finextra Research 2015