The European Central Bank says that, because they pose unique risks, it may start asking fintech firms seeking banking licenses to hold bigger capital buffers and larger liquidity.
UK challenger bank Starling has engaged Quayle Munro to advise on plans to raise a further £40 million in fresh capital as the app-only startup prepares for international expansion.
ABN Amro is promising credit-worthy small businesses a decision on a loan application in 15 minutes through a home-grown fintech startup, dubbed New10.
Former Barclays chief executive Antony Jenkins has raised £34 million in a funding round led by Chinese insurer Ping An to help bring his new fintech startup to Asia, according to the Financial Times.
The European Commission is proposing to reform financial supervision across the EU with a renewed focus on new technology developments and the promotion of the emerging fintech sector.
Some of Canada's most promising fintech startups will have the opportunity to mingle with the great and the good of the banking world at the annual Sibos jamboree in Toronto next month.
German retail investment exchange Boerse Stuttgart has launched a new digital division to develop innovative business models for exchange trading and over-the-counter (OTC) trading in fungible products.
Macquarie Bank has stolen a march on Australia's Big Four by releasing an open banking platform for customers to transfer data to approved third party applications.
Japanese investment bank Nomura has set aside $100 million to invest in promising startups from a new innovation office in San Francisco.
HSBC and VC fund IGNIA have become the latest big names to back Startupbootcamp FinTech Mexico, the accelerator bidding to boost financial technology innovation in Latin America.
© Finextra Research 2017