The UK's much vaunted current account switching service is beginning to look like an expensive white elephant, as fewer consumers transferred their business in 2015 compared to the previous year.
ACI Worldwide is to exit the community bank and credit union market, selling its Community Financial Services business to Fiserv for $200 million in cash.
The financial services industry is going modular, with technology making it easier for customers to buy from multiple providers, opening up a multi-billion dollar opportunity for new entrants, according to report from management consultancy Oliver Wyman.
Spanish bank BBVA now has 500 staff members working in small scrum teams to rush through the development of new projects, representing a five-fold increase over the past year.
Dutch authorities have arrested 10 men accused of using bitcoin to launder up to EUR20 million made from selling drugs online.
US fintech giant First Data is building a research and development centre that will house up to 300 tech employees in the Irish town of Nenagh.
Britain's financial watchdogs have set up a unit designed to help the country's slew of new challenger banks navigate the regulatory waters and win approval to take on the high street giants.
Bank-backed blockchain collaboration outfit R3 has announced the completion of a distributed ledger experiment involving eleven of the world's largest financial institutions.
Halifax is to dispatch up to 2000 staff to UK libraries to run IT taster sessions for the estimated six million adults in the country who have never used the internet to get online.
Saxo Bank has moved into the fast-expanding robo-advisory market with a full-scale digital investment platform for retail investors in partnership with BlackRock.
© Finextra Research 2016