In the latest example of a bank bidding to ditch the pinstripes in favour of hoodies, HSBC is apparently on the hunt for a major fintech-focussed office space in the heart of London's hipster scene, Shoreditch.
Thomson Reuters has agreed to buy trading technology firm Redi Holdings in a bid to boost its buy-side offering. Financial terms of the deal were not disclosed.
China has overtaken the UK in digital payment volumes, helping to spur global growth to more than 10%, according to research from Capgemini and BNP Paribas.
The UK's Financial Conduct Authority has accepted 24 applicants, from a total of 69, to participate in its fintech sandbox, where innovative financial products can be tested before proceeding to authorisation.
Delivering financial services by mobile phone could raise the GDP of all emerging economies by six percent to $3.7 trillion over the next ten years and create 95 million new jobs, according to research by McKinsey Global Institute.
A criminal gang who posed as bank staff to defraud business customers out of a total of £113 million have been banged up in jail for a total of 27 years.
Finextra will be hosting a roundtable in NYC on 4 October that will explore banks’ progress in securing their role in the digital ecosystem.
SIX Securities Services has contracted with Digital Asset Holdings to develop a proof of concept that will demonstrate the commercial viability of distributed ledger technology across the Swiss financial market, with an initial focus on securities lifecycle processing.
Thailand is the latest country preparing to open a fintech regulatory sandbox, with the central bank set to invite firms to participate early next year.
The UK's Nationwide Building Society has launched a national TV advertising campaign extolling the virtues of branch--based banking.
© Finextra Research 2016