MasterCard and PayPal have engaged in a "constructive dialogue" about a possible strategic alliance, according to a report in the Financial Times.
Standards have the potential to strengthen and speed up fintech development in the UK, according to a paper recently published by BSI.
Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) is set to embark on a second management reorganisation within 14 months in anticipation of a further push of its digital banking plans, according to Bloomberg.
The Payment Systems Regulator (PSR) has called for an overhaul of the UK's payments infrastructure to generate more competition and meet consumers' needs.
Lloyds Banking Group is accelerating its cost-cutting drive by announcing more job cuts and branch closures despite doubling its profit in the first half of 2016.
A 98% fall in second quarter earnings has led Deutsche Bank to warn investors that it may need to cut more costs
South Africa's payments body has released a standard to enable biometrics to be used on payment cards and to herald what it hopes will be an industry-wide roll-out of fingerprint banking.
Four Australian banks are joining forces to negotiate with Apple and be allowed to offer their own payment services on the tech giant's hardware.
In a further post-Brexit boost to the UK's fintech sector, a New York-based blockchain consortium is to open a London office.
Distributed ledger technology could help with damage limitation in the event of service disruptions, as the paper ‘How to get a head on operational resilience’ discusses.
Venture capitalists have invested more than $200m in UK tech startups in the month following the controversial Brexit vote, allaying fears that London's growing tech sector would be one of the first casualties of the withdrawal from the European Union.
© Finextra Research 2016