Apexx, a fintech startup founded by former staffers at Zapp, Evo Payments and Xcordia, is launching in London with the goal of creating a transparent marketplace where merchants can browse and plug in to competing services from a network of acquirers and payment brands.
Robinhood, the Silicon Valley startup behind a no-commission stock trading app, has raised $110 million in a Series C funding round that values the firm at $1.3 billion.
US state regulators have filed a lawsuit against the Office of the Comptroller of the Currency, upping the ante in an increasingly bitter dispute over the federal agency's plans to offer bank charter status to qualifying fintech firms.
BBVA's ongoing strategy to buy out promising fintech startups has moved ahead with the acquisition of Mexican B2B payments platform Openpay.
Standard Chartered has initiated proof-of-concept trials on robo-advisory services and blockchain with two startups graduating from Hong Kong's SuperCharger Fintech Accelerator programme.
American musician will.i.am has become a strategic board advisor at Atom, calling the new UK app-based bank's bid to change the industry through technology "awesome".
Flux, a fintech startup founded by three of the first four employees of money transfer firm Revolut, has begun pilot trials of a service to convert paper til receipts to mobile data services in partnership with retail chains Eat and Bel-Air and digital challenger bank Monzo.
The National Bank of Canada has acquired a 22% stake in Ongo, a mobile money service with big plans for expansion in Myanmar.
API-based transaction network Token has secured $15.7 million in Series A funding from major investors including Octopus Ventures, EQT Ventures and OP Financial Group as it bids to capitalise on opportunities from the forthcoming implementation of the PSD2 directive in Europe.
The National Bank of Cambodia is teaming up with distributed ledger technology specialist Soramitsu to develop the use of the Hyperledger Iroha software framework for a possible new payment infrastructure.
© Finextra Research 2017