US regulatory body Finra has established an Innovation Outreach initiative to co-ordinate its ongoing research into fintech trends, beginning with a blockchain symposium in New York.
US online lender SoFi has applied for a bank charter with the Federal Deposit Insurance Corporation.
The Central Bank of Bahrain has opened a regulatory sandbox for fintech firms worldwide to test their technology ahead of live deployment in the Kingdom.
The Berlin Group, a-European payments interoperability coalition of banks and payment processors, is pushing a single standard for API access to bank accounts to comply with new regulations on freeing up customer data under PSD2.
Digital challenger bank Monzo is warning 20,000 customers that it may have to temporarily freeze their accounts if they fail to provide additional verification information under new money laundering regulations.
BBVA chairman Francisco González says that banks need to shed their past and image as 'incumbents' and transform into new digital technology companies if they are to prosper in a banking environment dominated by technologically astute competitors.
A stellar line-up of 27 senior bankers and fintech experts will be onstage at the Finextra SAP Financial Services Forum in London next month to detail winning strategies for banks competing in a digitally-driven business market.
Thailand's Kasikorn Bank has launched a $30 million fintech fund to invest in startups across South East Asia as well as Europe and China.
Societe Generale is sending a dedicated team of staffers to collaborate with fintech startups in Germany through a partnership with Berlin-based innovation hub, Factory.
Australian open API startup Basiq has gained seed funding from Nab Ventures and Westpac-backed startup vehicle Reinventure as the country's banks prepare for a new era of client data sharing.
© Finextra Research 2017