Digital banking transformation programmes are creating a new wave of operational and systemic risks for which the industry is ill-prepared, warns UK Finance.
Mitsubishi UFJ intends to roll out a new payments platform for micropayments and Internet of Things applications using a blockchain network from Akamai.
Irish bank AIB has added a new feature to its mobile app, enabling customers to buy travel insurance with a handful of clicks.
South Africa's FNB has revamped its mobile services, enabling consumers and businesses to open accounts within minutes by taking selfies.
Sageworks, an old-school fintech that provides lending, credit risk and portfolio risk technology to US financial institutions, has been acquired by private equity firm Accel-KKR. Financial terms were not disclosed.
BBVA in Mexico has launched a new mobile app developed by a multi-disciplinary team from offices in Spain, the US and Mexico, marking the first stage of a global roll out that unifies design, functionality and user experience across the group's mobile banking franchise.
PayPal has reached an agreement to acquire Stockholm-based iZettle in an all-cash deal valued at $2.2 billion, it's biggest ever transaction in a dynamic and fluctuating payments environment.
Japanese banks MUFG and Mizuho are to join a new IBM Q Hub at Keio University to experiment with future applications for quantum computing in the financial sector.
Wales and Northern Ireland are getting their own financial technology envoys as part of a government effort to ensure that the UK maintains its position, post-Brexit, as Europe's top fintech dog.
UBS deployed a team of 18 analysts running 10,000 simulations to determine the likely winner of the World Cup football tournament in Russia next month, with Germany emerging top of the pile.
© Finextra Research 2018