A research paper has revealed a level of scepticism among Asia Pacific banks when it comes to joining forces with fintechs.
At a government-backed conference designed to trumpet the UK as a post-Brexit fintech powerhouse, the CEO of Transferwise went off-message, suggesting startups should avoid London and confirming that his own firm will move its European headquarters to the mainland.
Phillip Hammond, the UK Chancellor, has highlighted the critical role played by fintech in helping the UK to mitigate any negative economic impact that may result from Brexit.
The European Central Bank (ECB) has stated that blockchain technology lacks the necessary maturity to be part of its market infrastructure.
The UK's Competition and Markets Authority (CMA) has cleared Mastercard's £700 million acquisition of Vocalink after the card giant promised to take steps to address the watchdog's concerns.
The US securities watchdog has issued a series of fines and penalties to individuals and entities for submitting hundreds of articles to financial websites which purported to be impartial endorsements of certain companies but which were secretly paid-for
The UK's Financial Conduct Authority (FCA) has called for an international regulatory framework to be applied to fintech startups in order to prevent a 'Wild West' approach to governance of the sector.
Fintech has become a truly global phenomenon, with hubs popping up in cities around the world, although established players such as London and Singapore continue to be the top centres, according to a report by Deloitte.
Wonga, a prominent UK payday loan firm, has warned 270,000 of its customers that their accounts may be at risk following a data breach.
A London-based start-up claims it is the first shariah-compliant fintech to be given regulatory approval in the UK.
© Finextra Research 2017