The British Business Bank has announced its Northern Powerhouse Investment Fund II providing a £660m fund to small businesses in the North of England.

The UK Financial Conduct Authority is inviting feedback on its previously-floated proposal to remove the £100 contactless limit on card payments.

The Basel Committee on Banking Supervision is to revisit its proposed punitive rules on investments in crypto assets by financial institutions after substantial pushback from trade associations.

Slash, a US banking startup that bridges the gap between personal and business banking for entrepreneurs, has emerged from stealth on the back of a $19 million funding round led by NEA.

BNY Mellon, one of the largest cheque processors in the US, is spearheading efforts to reduce cheque-based payments, through a series of digital innovations and financial benefits.

Research by TSB reveals that of the 31 percent of people who have acted on financial advice on social media platforms – over half (55%) lost money as a result.

A US-based trade association representing crypto firms has called for the dismissal of an insider trading case brought by the Securities and Exchanges Commission (SEC) arguing that the regulator has unfairly labelled crypto assets as securities.

JPMorgan Chase will spend more than $12 billion on technology in 2022, contributing to an eight per cent rise in expenses that could hurt the bank’s profitability targets.

NatWest is looking to train up its staff for the data revolution by pumping £1 million into an academy open to all of its 70,000 employees.

UK challenger bank Mondo has released its first set of developer tools to early test users of its digital banking account, promising to make it easier for non-developers to create their own banking apps.

UK specialist lender Shawbrook has confirmed that it is planning a November initial public listing on the London Stock Exchange.

Job creation within the fintech space in London increased by 61% over the past year as the City cemented its standing as a global hub for financial technology startups, according to data from recruitment firm Robert Walters.