The fast-growing personal finance app sector welcomes two new players today - Current, an allowance management service for parents and their kids, and millennial-targeting Empower.
Open financial data reforms, a loosening of capital restrictions and barriers for banking licences, an expanded regulatory sandbox and digital currency tax cuts are among the major initiatives in the 2017-18 Australian budget welcomed by Australia’s fintech community.
Sixty organisations representing a broad cross-section of fintech businesses across Europe have joined forces to protest against new rules by the European Banking Authority that would ban screen scraping of customer data from online banking interfaces under the revised Payment Services Directive (PSD2).
Nordea is to relocate a number of staff into Stockholm Fintech Hub to collaborate on-site with startups from across Sweden.
China's Ping An Insurance Group has hired Citi veteran Jonathan Larsen to lead a new $1 billion overseas fund than will focus on investing in financial and healthcare technology.
Proposals by the US Office of the Comptroller of the Currency to issue special purpose banking charters to fintech firms are up in the air following the departure of leading advocate Thomas Curry and his replacement as acting head of the Federal agency by Simpson Thacher & Bartlett partner Keith Noreika
Barclays Bank is entering formal engagements with eight of the 11 startups to pass through its latest fifteen-week accelerator programme and spinning out an internal team as a separate company.
Barclays has opened an innovation centre in London's hipster capital Shoreditch housing internal banking and technology teams alongside more than 40 fintech startups.
The Autorité des marchés financiers (AMF), Québec's financial services regulator, has joined the R3 consortium and set up a fintech lab to help it study new technologies, such as blockchain.
Ethical bank Triodos is to join the growing list of UK challenger banks, launching an online and mobile-only current account.
© Finextra Research 2017