The Tifin Group, an umbrella group operating a host of fintech companies in the asset and wealth management industry, has raised $22.3 million in a Series B funding round joined by JP Morgan Asset Management, Morningstar and Broadridge.

While this news primarily reiterates existing policy, the reminder signals that the CFTC is increasingly receptive to offshore exchanges that operate in jurisdictions that the US considers as having ‘credible’ regulatory frameworks.

Funding for Portuguese fintechs has exceeded the €1bn mark for the first time.

Goldman Sachs Growth Equity has led a $50 million Series C funding round for Striim, the firm behind a platform that helps businesses move data in real-time to the cloud.

The Australian banking industry is ushering in a raft of reforms to keep customers safe from scammers, including a $100 million investment to build a new Confirmation of Payee system.

Italian bank Intesa Sanpaolo has made its first cryptocurrency purchase, buying 1 million euros worth of bitcoin.

The UK’s Open Up 2020 Challenge has named the 15 fintech firm finalists to each receive £50,000 to help unlock the power of open banking.

“There have been many fundamental shifts in the IT space, such as the internet and the ecommerce revolution. This is the biggest one,” warned Dorian Selz, CEO and co-founder of Squirro, at Sibos today. “Leadership in companies needs to be on top of this revolution.”

Money 20/20 Asia day two kicked off with a discussion on open banking and how regulatory mandates and open API guidelines are driving this initiative in this region. With Asia learning lessons from early adopters in Europe, panel sessions highlighted what the challenges are for banks and regulators.

The Bank for International Settlements in tandem with Swift and central banks from Italy, France and Germany has uncovered key challenges facing the financial system to ensure resilience in a post-quantum world.

The latest PitchBook survey finds that venture capital investors are making “strategic adjustments as they navigate geopolitical uncertainty and technological transition.”

NatWest has selected five startups to take part in its first ‘Fintech Growth’ programme.

US crypto index fund manager Bitwise Asset Management has expanded into Europe through the acquisition of London-based crypto exchange-traded product issuer ETC Group. Financial terms were not disclosed.

Mastercard is expanding its consulting services with new practices dedicated to open banking, open data, crypto and digital currencies, and ESG.

Welcome to Finextra’s live coverage of FusionONE 2019. The second day of the conference will tackle issues that concern the developers before breaking into streams, focusing on different products.