The South African Reserve Bank has set out the primary objectives of its recently-established fintech task force, assigning priority to cryptocurrency regulation, sandbox and accelerator assessments, and blockchain experimentation.
The Canadian Securities Exchange (CSE) has unveiled plans for a blockchain-based clearing and settlement platform.
Financial authorities in Mauritius are contemplating the establishment of a sovereign fund to provide seed capital for the development of fintech activities in the island nation.
Funding for fintech companies around the world stabilised in 2017, hitting similar levels to the previous year but was still way down on 2015 numbers, according to the latest KPMG report.
Institutional investors are shifting budgets away from human traders to spend more on technology, according to research conducted by Greenwich Associates.
Citbank is to open a new innovation lab in London, employing 75 people to support the bank's Markets and Securities Services business globally
A fintech working group set up by the Reserve Bank of India has called for the establishment of a regulatory sandbox and innovation hub where startups can roadtest their products ahead of commercial launch.
Lithuania's ambition to become a fintech-friendly destination for startups across Europe is bearing fruit, with the country welcoming 35 new firms in 2017.
Having previously dismissed cryptocurrencies as a speculative asset class with a limited appeal to the general public, the European Central Bank is growing increasingly fearful of a blurring of the boundaries between the virtual world and the real world of fiat cash and monetary policy.
Fiserv is to sell a majority stake in its Lending Solutions business to Warburg Pincus for $395 million.
© Finextra Research 2018