Finextra and the Euro Banking Association are inviting some of Europe's most promising early-stage startups to present their ideas to banking delegates attending EBAday 2018, Europe's leading payments and transaction banking event.
The Central Bank of Malaysia has established an open API implementation group with members drawn from the banking industry, fintech community and key stakeholders to develop open API standards for the financial sector as part of efforts to broaden access and promote innovation and competition.
The introduction of digital currency is "inevitable", according to the outgoing governor of the People's Bank of China, who nevertheless stresses that any progress on the issue will be carried out in a "steady and orderly fashion".
Kraft, a new Norwegian bank targeting customers rejected by other lenders, has selected Tieto's AI technology for processing loan applications.
Canadian exchange operator TMX Group is setting up a subsidiary that will run a cryptocurrency brokerage service focused on Bitcoin and Ether.
The Bank of England is establishing a new Fintech Hub as a central point of contact for engagement with startups and to drive new technological developments within the Bank.
Features and analysis
Swift is extending its gpi Tracker to cover all payment instructions sent across the network, enabling member banks to achieve full visibility over payments activity.
NatWest has partnered with Silicon Valley start up SpendLabs to develop a new app to help businesses digitally manage company spending.
Global spending on financial market data, analysis and news topped $28 billion in 2017, with Bloomberg and Thomson Reuters both losing market share to smaller, cheaper rivals.
In an effort to bridge the trust gap between incumbent banks and digital challengers, Revolut is upping its security game by allowing customers to pay online with disposable virtual cards.