Britain has become a "cash-second" nation, claims Visa Europe, which saw an explosion in contactless payments drive an 11.5% rise in the number of transactions it recorded in the country last year.
Swedish fintech investor NFT Ventures is launching a second fund targeting startups in Finland through a partnership with local broadcaster MTV.
The Depository Trust & Clearing Corporation (DTCC) has pitched itself as the coordinator of an industry-wide investigation into whether distributed ledger technology is the answer to "certain limitations" in the post-trade process.
National Australia Bank has launched a new mobile payment service for Android smartphones, NAB Pay, as the country's biggest banks continue their boycott of iOS rival Apple Pay.
Following a string of high profile technical blackouts, Britain's biggest banks have been urged by the UK's influential Treasury Select Committee to invest more resources to improve their technology infrastructure and to appoint board directors with knowledge of IT.
An internal blockchain-focused unit of Barclays Bank has made the cut to participate in the bank's 2016 accelerator programme, a space usually reserved for innovative startups that threaten the banking status quo.
Private equity group JC Flowers is to buy the Australian and Japanese trading platforms of Chi-X Global and its Hong Kong IT unit Chi-Tec. Terms of the transaction were not disclosed.
HSBC has led a $10.5 million Series B funding round for New York-headquartered cognitive computing startup CustomerMatrix.
Bankrupt P2P lender TrustBuddy says investors will lose a quarter of their cash after handing over £24 million of outstanding loans to a debt collection agency.
Bank-backed Hong Kong ATM network Jetco is to launch a P2P mobile payment system with a consortium of 12 of the territory's leading banks.
© Finextra Research 2016