UBS has named its former Apac CIO Peter Stephens as head of blockchain, replacing Alex Batlin who jumped ship last week to join BNY Mellon.
Commonwealth Bank of Australia and Well Fargo are claiming a world-first interbank open account transaction using a blockchain and the Internet of Things for the shipment of goods across international borders.
Blockchain consortium R3's mission to extend its membership base across the full spectrum of financial services has been boosted by the arrival of US consumer finance outfit Synchrony Financial to its roster.
Japan's Mizuho is the latest banking giant to set up an innovation lab as it bids to nurture a fintech ecosystem and build up relationships with startups.
Visa is working with blockchain outfit Chain on the development of a near real-time funds transfer system for high value bank-to-bank and corporate payments.
Mitsubishi UFJ is testing the use of virtual currency rewards for employees who reduce their overtime hours and practice a healthy lifestyle.
A dozen member banks of the R3 distributed ledger consortium have been trialling Ripple's network and native currency to tackle the costs and inefficiencies of interbank cross-border payments.
Societe Generale has unveiled a massive technology hub, christened 'The Dunes', that it says symbolises the bank's digital transformation.
Eckoh and WorldPay have carried out what they claim is the world's first Apple Pay payment via a phone voice call.
The number of North Americans using their mobile phones for payments at the point of sale has remained flat over the last year, despite growing awareness of the technology and a drop off in the popularity of cash, according to a survey from Accenture.
Malaysia is the latest country to set up a fintech regulatory sandbox in an effort to help startups experiment with new products and services in a safe environment.
© Finextra Research 2016