After a tricky end to 2015, global fintech funding bounced back in the first quarter to hit $5.7 billion. However, the numbers are skewed by a couple of billion dollar-plus Chinese deals which mask a stagnant European scene.
Curve, a London-based startup that lets users replace multiple cards with a single piece of plastic and a mobile app, has been forced to kill off support for American Express.
Danish payments company Nets has set its sights on blockchain technology, teaming up with local specialist Coinify on a development lab that will work on developing distributed ledger-based products and services.
BBVA is collaborating with Red Hat on the introduction of an open source multi-cloud-based operating environment from which to further its digital agenda.
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Eurobank Poland is looking to capitalise on the nation's love affair with contactless payments by launching an Android-based mobile payments service.
Small businesses who claim they were forced into liquidation by the activities of Royal Bank of Scotland's controversial Global Restructuring Group (GRG), have set up a dedicated whistleblowers Website to encourage bank staff to provide information on the unit.
Features and analysis
An increasing number of companies are working on new biometric procedures that quickly and conveniently prove the identity of users making payments. Sascha Breite, head future payments at the payment specialist SIX Payment Services, takes a closer look at 'Selfie Payments' and examines other European initiatives.
Five major banks, representing 80% of Visa and MasterCard credit and debit cards issued in Singapore, have signed up to Apple Pay, extending the use of the mobile wallet beyond a limited earlier release for AmEx cardholders.
Business advisory firm Deloitte is setting up an Emea financial services blockchain centre in Dublin that will house a team of 50 developers and designers.
Wells Fargo has built a new mobile wallet that enables customers to carry out NFC-based in-store payments as well as ATM transactions with their Android handsets.