Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Australian agency claims blockchain breakthrough

A federal science agency in Australia has claimed a world first after completing testing on a global blockchain network that is capable of processing 30,000 cross-border transactions per second.

26 September 2018

News/Non-bank competitors

Tesco Bank facing £30m fine over cyber breach

The UK's banking watchdog is threatening to charge Tesco Bank £30m for its failure to prevent a cyber attacks that affected thousands of customers in 2016.

25 September 2018

News/Non-bank competitors

JPMorgan blockchain project recruits 70+ banks

An interbank blockchain project led by JPMorgan designed to speed up the exceptions process has recruited more than 70 banks in a move that would make it one of the largest application of distributed ledger technology (DLT) by regulated banks.

25 September 2018

Company update/Non-bank competitors

Big tech to take slice of banks' retail market: Moody's

Global technology firms' innovations and expansion into retail financial services will slice a portion of financial firms' control of their user base, Moody's Investors Service says in a new report.

25 September 2018

News/Non-bank competitors

Revolut looks to mitigate Brexit with Lux licence

London-based digital payments company Revolut is applying for a licence in Luxembourg in order to mitigate any fallout from Brexit.

24 September 2018

Company update/Non-bank competitors

Fintech lobby group opens North American division

The Financial Data and Technology Association (FDATA), which played a pivotal role over the last five years in crafting the design and implementation of open banking standards in the United Kingdom and in Europe, announced today the launch of a North American arm, FDATA North America.

21 September 2018

News/Non-bank competitors

Outage fever strikes UK banks

A spate of online banking glitches has hit the UK's leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.

21 September 2018

Company update/Non-bank competitors

Ant Financial launches new fintech brand

Ant Financial Services Group (“Ant Financial” or “the Company”) today announced that the Company would open up a full suite of technology products and services under a new brand, Ant Financial Technology, to support the growth of financial institutions by improving user experience and lowering costs.

20 September 2018

Company update/Non-bank competitors

Funding Circle prices IPO

Following the announcement by Funding Circle on 10 September 2018 of its intention to proceed with an initial public offer (the "IPO" or the "Offer"), Funding Circle today announces the price range for the IPO as well as the commencement of the Offer once an approved price range prospectus (the "Prospectus") has been published containing full details of the Offer, which is expected to take place later today.

19 September 2018

News/Non-bank competitors

Crypto exchanges’ legal status questioned in NY

New York’s Attorney General (AG) has reported three crypto exchanges to the state’s regulator for possible violations of digital currency violations.

19 September 2018

Company update/Non-bank competitors

Here come the Belgians

The official collaboration between Projective and B-Hive has been launched at the festive opening of banking services provider Projective’s new offices.

18 September 2018

News/Non-bank competitors

Abu Dhabi opens digital sandbox

Abu Dhabi Global Markets (ADGM), the emirate's international financial centre, has further underlined its fintech ambitions with the launch of a digital sandbox.

18 September 2018

Company update/Non-bank competitors

LendInvest raises $39.5m

LendInvest, the UK’s leading online platform for property finance and investing, has through the summer completed a Series C debt and equity funding round for approximately $39.5 million (£30.5 million) which was positioned by the company as pre-IPO funding.

17 September 2018

News/Non-bank competitors

New York sues the OCC over fintech charter rule

New York state has filed a lawsuit against the US Office of the Comptroller of the Currency (OCC) over a decision to allow fintech companies to apply for national banking charters.

17 September 2018

Company update/Non-bank competitors

Starling targets teens with new current account offering

Starling Bank, the leading mobile-only bank, has today launched current accounts for 16 and 17 year olds.

30 August 2018

News/Non-bank competitors

First fintech goes live on Swift's cross-border payments scheme

UK-based Ebury has become the first fintech to be a full and active participant on gpi, Swift's cross-border payments scheme.

30 August 2018

News/Non-bank competitors

Starling to help RBS develop digital bank

Royal Bank of Scotland (RBS) has reportedly enlisted the help of challenger bank Starling in its efforts to develop a digital bank of its own.

28 August 2018

Company update/Non-bank competitors

Neobank Xinja appoints IRESS for paperless mortgage processing

Xinja has moved a step closer to delivering speedy, paperless home loans with the confirmation of its ongoing engagement with IRESS to process Xinja home loans.

28 August 2018

News/Non-bank competitors

Paytm rolls out AI cloud for India's developers

India-based digital payments firm Paytm has announced the launch of AI Cloud India, a platform designed to help developers, startups and small businesses create their own payment-related apps and services.

21 August 2018

News/Non-bank competitors

Cambodia establishes fintech association

Cambodia has become the latest country to launch a national body designed to foster more fintech collaboration with the launch of the Cambodia Fintech Association (CFA).

17 August 2018