FairFX gains e-money licence with takeover of digital banking service for SMEs, Q Money

Tony Quirke, founder of Q Money and new CFO of FairFX

FairFX, a London-based multicurrency payments service, has acquired Q Money and its e-money licence.

Seven European banks join forces for blockchain platform for SMEs

Major banks team up for blockchain platform for SME commerce

Seven European banks – Deutsche Bank, HSBC, Natixis, KBC, Rabobank, Société Générale and UniCredit – have agreed in principle to develop a blockchain-based shared platform for domestic and international commerce for SMEs.

Japanese start-ups head abroad for innovation programme


The Japanese government is sending 55 SMEs and start-ups abroad as part of its new innovation programme. Called the Hiyaku Next Enterprise programme, it is part of the Silicon Valley-Japan Bridge Project, set up by the Ministry of Economy, Trade and Industry (METI). That project was announced by Prime Minister Shinzo Abe in April 2015 […]

Commerzbank unveils first digital platform for German SMEs

Commerzbank logo

Commerzbank has developed the first digitalisation platform for small- and medium-sized enterprises (SMEs). Called “#openspace”, and located in Berlin-Schöneberg, it offers long-term co-operation between SMEs, “innovation partners”, and start-ups with the objective of “tackling the challenges posed by the digital future together”. Holger Werner, CEO and founder of #openspace, says “digitalisation dominates the media, sciences, […]

Capital One joins forces with fintechs Gusto and

Capital One

Capital One Spark Business has announced “strategic partnerships” with two fintech companies, and Gusto. The aim is “to build and deliver better financial management, HR and cash flow tools designed for small businesses”, Capital One says.

Top ten digital bank initiatives in 2016

2016 brought us many new digital banks

Look back at some of the major digital bank initiatives across the globe in 2016, with Banking Technology’s top ten.

Top five banking tech case studies in 2016

ready for innovation

Our pick of banking tech and fintech case studies – published by Banking Technology in 2016.

Wyelands Bank in ownership, brand and core banking software overhaul

Wyelands Bank

Wyelands Bank (formerly Tungsten Bank) is relaunching in 2017 with a new core banking system.

Santander InnoVentures invests in Tradeshift

Tradeshift gets investment from Santander InnoVentures

Business commerce and supply chain finance platform Tradeshift has got an investment from Santander InnoVentures.

British Business Bank pledges £400m to UK fintechs and other businesses

More money for UK fintechs

The UK Chancellor Philip Hammond has announced a plan to invest £400 million of venture capital funds into the British Business Bank, a government vehicle to lend money to British businesses. The idea is to support the home-grown business sector – including fintech firms – and to prevent them from being snapped up by international companies.