The new head of the US Office of the Comptroller of the Currency (OCC) has come out fighting in defence of his predecessor's plans to grant special-purpose bank charters to fintech firms, defying pending litigation from state regulators.
Private equity outfit Finstar Financial Group is planning to pump $150 million into fintech startups over the next five years.
Singapore's OCBC Bank has partnered with two graduates from its startup accelerator programme to apply artificial intelligence technology to counter money laundering.
UK innovation agency Nesta has handpicked twenty organisations selected to receive a slice of a £5 million prize fund to inspire the creation of new products and services using Open Banking APIs.
TransferWise CEO Taavet Hinrikus is stepping down, handing over the reins at the fintech unicorn to his co-founder Kristo Käärmann.
Barclays Bank has joined Angel Co-Fund and individual investors in a $5 million funding round for Form3, a provider of an API-based single point of access to the full universe of payment schemes.
Former Credit Suisse board member Gaël de Boissard and ex-Deutsche Bank COO Henry Ritchotte have invested in James, a startup using artificial intelligence to tackle credit risk.
FinLeap, the startup platform behind Germany's solarisBank, has secured EUR39 million in equity capital to support its ongoing fintech incubation programme.
Combining two of the most hyped trends in fintech, wearables and cryptocurrencies, Irish startup Festy has unveiled a wristband that lets festival-goers make contactless payments in Dash.
Stash, a New York startup bidding to bring app-based investing to the masses, has raised $40 million in a Series C funding round led by Coatue Management.
© Finextra Research 2017