Swift has unveiled a real-time payment controls service designed to help banks spot fraudulent messages and avoid a repeat of the infamous Bangladesh Bank attack.
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 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.
The Hong Kong Monetary Authority (HKMA) has teamed up with local banks and the R3 consortium to explore the creation of a central bank digital currency.
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.
UBS is selling its buyside risk and perfomance analytics toolbox UBS Delta and management and developer team to StatPro for £11 million.
Larry Thompson, vice chairman of the US Depository Trust and Clearing Corporation (DTCC), has made a rallying call for the development of standards in propelling the uptake of distributed ledger technology in financial markets, arguing that a lack of co-ordination and collaboration may only further complicate existing market structures.
Banks and asset managers are being hampered in their efforts to work with fintech firms by the desire to own intellectual property (IP), according to research from law firm Simmons & Simmons.
© Finextra Research 2017