The US Commodity Futures Trading Commission (CFTC) is setting up a fintech Lab that will work with startups to drag the agency into the digital age.
Hong Kong online invoice discounting exchange Qupital has secured $2 million in seed funding.
The former CTO of UK challenger Tandem has joined forces with experienced execs from the more traditional banking sector to build a digital-only bank in Dubai.
Boston-based Eastern Bank has spun off an online loan platform for small businesses that was developed by its innovation lab into an independent company that has already raised $9 million in funding.
European banks say that privacy of client data, cybersecurity and innovation are at risk should the European Commission bow to the demands of fintech firms and backtrack on plans to ban screen-scraping under the revised Payment Services Directive, PSD2.
Bank messaging platform Symphony Communication Services is looking to expand into Asia after raising $63 million in a funding round led by BNP Paribas.
Nearly a third of UK consumers would consider using Amazon, Google, Facebook or Apple for banking services, while 48% would be happy for banks to share their transaction data with trusted third parties if it gave them a more personalised experience.
Toronto has the potential to be a strong fintech hub but, without a clear strategy and private and government support, the Canadian city could also see its position in the global pecking order slide, suggests a new report written by Accenture and McMillan.
The People's Bank of China has set up a committee that will investigate the impact of fintech on monetary policy and financial markets as well as how big data and AI can be used for regulatory oversight.
A host of board directors, chief financial officers and payments and technology heads from Europe's leading banks have confirmed their participation in the conference programme for the twelfth annual EBAday, taking place this year in Dublin between the 20th and 21st June.
© Finextra Research 2017