UK fintech firms are working hard to make the most of the Open Banking era, according to a survey from EY which shows that the vast majority are actively getting ready to take advantage of the slew of customer data that is being opened up to them.
Spanish banking giant BBVA has brought in Ian Ormerod to lead its New Digital Business (NDB) unit, where he will team up again with former Barclays colleague Derek White.
UK challenger bank OakNorth is reporting $10.6 million in profit in its second year of operation, moving into the black from a £2.4 million loss in 2016.
Economic Secretary to the Treasury John Glen had had a dig at France's ambitions to replace the UK as Europe's leading fintech hub in a speech at the Innovate Finance Global Summit.
Royal Bank of Scotland is secretly working on plans to create its own digital challenger bank to face off the threats from startups like Monzo and Starling, according to Sky News.
The UK's Financial Conduct Authority says that it will start working with partners in Europe, the Far East and the US on a blueprint for a global regulatory fintech sandbox.
Berlin-based mobile bank N26 has closed a series-C funding round of €110M as it prepares to open up in the United States.
Credit Suisse is looking to strengthen Switzerland's position as a financial technology hub by earmarking CHF30 million ($31.7m) in venture capital for investment in local fintech startups.
The European Banking Authority is to establish a Fintech Knowledge Hub as part of its Roadmap for getting to grips with new tech-led developments in financial services.
India's nascent fintech sector has huge potential but requires a supportive regulatory environment and investment in human talent to flourish, a new report commissioned by Yes Bank suggests.
© Finextra Research 2018