UK challenger bank Starling is advising customers to change their passwords in the wake of a bug at internet infrastructure firm Cloudflare which saw sensitive information from some firms leaked.
Tax-payer owned Royal Bank of Scotland has pledged to take out a further £750 million in operating costs over the next year and £2.5 billion over the next four years after reporting widening losses, its ninth-successive year without a profit.
Contactless payment technology is migrating from the plastic card to high street jewellery and watch brands under deals agreed by Barclays with DCK Group and Tappy Technologies.
2016 saw a big increase in financial phishing and banking malware, with crooks particularly targeting Android users, according to cybersecurity specialist Kaspersky Lab.
Japan's Mizuho says it has successfully completed trials that used distributed ledger technology for cross-border document sharing and a custom digital currency.
Mobile-only bank Monzo has agreed a £19.5 million investment round with Thrive Capital, Passion Capital and Orange Digital Ventures and announced plans for a further £2.5 million crowdfunding raise.
Indian telco Bharti Airtel has acquired a stake in fintech loan startup Seynse Technologies.
Budding entrepreneurs looking for a career in the fast-growing financial technology industry can now sign up to the UK's first fintech undergraduate degree course at Wrexham Glyndwr University.
Bank of America has become the first member of the US bank-backed Zelle network to roll out its P2P payments functionality.
UK challenger bank Starling is to release its API to third party developers as it undertakes its first hackathon and prepares for the forthcoming launch of its banking-as-a-service marketplace platform.
© Finextra Research 2017