Interbank co-operative Swift is to launch an instant payment gateway to connect member banks to multiple market operators across Europe.
Payments processor EastNets is to apply machine learning technology to detect fraudulent payments transactions passing over the Swift network.
Revolut's transformation from a money transfer app to a full-scale bank is picking up pace as the UK fintech firm launches a business platform for British and European companies to manage international payments, payroll and corporate travel.
NatWest is to move 80 tech staff to a new 'digital centre of excellence' in Bristol UK as it prepares for the imminent roll out of new online banking and mobile services for corporate customers.
Typically sluggish adopters of new technology, asset managers are slowly waking up to the threats posed by the emergence of faster and cheaper digital rivals, with fully 80% of industry participants expecting significant disruption in the industry over the next ten years.
BBVA has set up a Global Patent Office to work with inhouse engineering and development teams to protect IP rights in new products as they emerge from the laboratory.
Lloyds Bank has finally put pen to paper on a long-mooted £1.3 billion, 10-year mega outsourcing deal with IBM, which will see 1500 staff and contractors moved to Big Blue.
Nasdaq has joined a €7M series A funding round in a French startup, Stratumn, which utilises distributed ledger technology and advanced cryptography to streamline and secure the exchange of regulatory reporting data.
BBVA chairman Francisco González says that banks need to shed their past and image as 'incumbents' and transform into new digital technology companies if they are to prosper in a banking environment dominated by technologically astute competitors.
A stellar line-up of 27 senior bankers and fintech experts will be onstage at the Finextra SAP Financial Services Forum in London next month to detail winning strategies for banks competing in a digitally-driven business market.
© Finextra Research 2017