A Zurich-based accelerator co-founded by a former UBS IT manager is looking to establish Switzerland as a hotbed for fintech innovation.
Up to $1 trillion in profits is in play as the world's banks battle to fend off competition from as many as 12,000 fintech startups globally, according to a report by McKinsey.
An initiative to create a set of global standards for the use of distributed ledger technology in financial markets has picked up momentum, with another 13 major banks - including BofA, Deutsche Bank and HSBC - throwing their weight behind the plan.
Societe Generale is contemplating closing one in five of its branches in France over the next five years, joining the ranks of European banks downsizing their high street presence as more customers go online.
The University of Lodz in Poland has welcomed the first 100 graduates to a new degree course in 'Digital Banking and Finance'.
Shoppers at Luxembourg supermarket chain Auchan will soon be able to top-up their loyalty points at the checkout using bluetooth and NFC beacons, in the latest iteration of the Digicash mobile payments scheme.
Chinese e-commerce conglomerate Alibaba and its financial services subsidiary Ant Financial have made a further investment in Indian mobile commerce network Paytm, raising its stake in the booming business to 40%.
The fintech revolution continues to spread across the globe, reaching former pariah state Iran in the form of a digital finance conference next month.
BBVA Compass has developed a reputation as one of America's most forward-thinking banks. Last year Jeff Dennes joined the team to lead its charge into the digital era. He talks to Finextra about what being a chief digital officer entails and the bank's relationship with the fintech community.
Buoyed by a strong start in Korea, consumer electronics giant Samsung has launched its mobile payments service in the US, with support from the three major card schemes and banking giants Citi, Bank of America and US Bank.
© Finextra Research 2015