Non-bank competitors

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/Non-bank competitors

Revolut looks to mitigate Brexit with Lux licence

London-based digital payments company Revolut is applying for a licence in Luxembourg in order to mitigate any fallout from Brexit.

/Non-bank competitors

Outage fever strikes UK banks

A spate of online banking glitches has hit the UK's leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.

/Non-bank competitors

Crypto exchanges’ legal status questioned in NY

New York’s Attorney General (AG) has reported three crypto exchanges to the state’s regulator for possible violations of digital currency violations.

/Non-bank competitors

Abu Dhabi opens digital sandbox

Abu Dhabi Global Markets (ADGM), the emirate's international financial centre, has further underlined its fintech ambitions with the launch of a digital sandbox.

/Non-bank competitors

New York sues the OCC over fintech charter rule

New York state has filed a lawsuit against the US Office of the Comptroller of the Currency (OCC) over a decision to allow fintech companies to apply for national banking charters.

/Non-bank competitors

First fintech goes live on Swift's cross-border payments scheme

UK-based Ebury has become the first fintech to be a full and active participant on gpi, Swift's cross-border payments scheme.

/Non-bank competitors

Starling to help RBS develop digital bank

Royal Bank of Scotland (RBS) has reportedly enlisted the help of challenger bank Starling in its efforts to develop a digital bank of its own.

/Non-bank competitors

Paytm rolls out AI cloud for India's developers

India-based digital payments firm Paytm has announced the launch of AI Cloud India, a platform designed to help developers, startups and small businesses create their own payment-related apps and services.

/Non-bank competitors

Cambodia establishes fintech association

Cambodia has become the latest country to launch a national body designed to foster more fintech collaboration with the launch of the Cambodia Fintech Association (CFA).

/Non-bank competitors

NYDFS calls for stronger rules for online lenders

The New York State department of Financial Services says that online lenders should be subject to the same consumer protection laws, usury limits and licensing and supervision rules as traditional financial institutions.

/Non-bank competitors

RBC unveils $3.2bn tech budget in digital push

Royal Bank of Canada (RBC) is planning to spend $3.2bn on technology this year in a bid to attract new customers looking for more digital banking services.

/Non-bank competitors

UK launches £2.5bn startup initiative

The UK government has launched a series of initiatives designed to attract more foreign fintech experts to work for UK startups and to encourage those same startups to remain in the UK rather than uproot to an EU-based neighbouring jurisdiction.

/Non-bank competitors

HSBC promises $17bn investment in technology

Europe's biggest bank HSBC is planning to invest between $15-$17bn in new technology as part of a new growth strategy announced by its chief executive John Flint.

/Non-bank competitors

Enterprise Ireland launches fintech fund

Ireland's state-owned economic development agency Enterprise Ireland has announced the launch of a €750,000 Competitive Start Fund for promising fintech startups.

/Non-bank competitors

Live: Swift Latin American Regional Conference - day two

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2018, in Miami. This event will focus on important issues affecting the financial industry in the region, and how the financial community can seize the opportunities that are emerging.

/Non-bank competitors

Bankers grumble about Big Tech threat

Big Tech's interest in financial services is once again coming under the microscope, with both a top Federal Reserve staffer and senior European bankers voicing concerns that the likes of Amazon could be stepping onto their turf without proper oversight.

/Non-bank competitors

Challenger bank gives up licence to focus on IT platform

A UK challenger bank aimed at the SME business sector has opted to give up its banking licence in order to spend more time developing its IT infrastructure prior to its launch.

/Non-bank competitors

Walmart launches global money transfer service

Retailer Walmart is pushing further into the financial sector through a service that lets people transfer money from its US stores to 200 countries.

/Non-bank competitors

Savings chatbot Plum introduces ethical investment tool

British money management chatbot Plum has launched an investment tool that lets users choose where their money goes.

/Non-bank competitors

Fifth Third joins $50m funding round for student lending platform CommonBond

Online student loan specialist CommonBond has closed a $50 million Series D funding round led by the venture arm of American bank Fifth Third.