GENERAL FINTECH

Fintech firms do not pose an immediate threat to international financial stability, according to a G20-backed watchdog. Read more: www.finextra.com

South Korea is launching an "open platform" to assist financial institutions in developing financial technology. Read more: english.yonhapnews.co.kr

The COO of UBS’ wealth management sector said recently that banks are now focusing on working with FinTech companies. Read more: www.cryptocoinsnews.com

This data spells out the challenges ahead for all FinTech firms; improve mobile banking platforms and the customer experience without sacrificing convenience. Read more: www.insights.samsung.com

Australian online marketplace startup PromisePay has picked up $10m of new capital from backers including Cultivation Capital, Rampersand and Reinventure.

A blockchain system that’s cheaper and faster could spur companies to throw out their old technology for a new-breed network. Read more: www.bloomberg.com

LendingClub’s (and that of other p2p lenders) business model is a race against time, but without a finish line. Read more: seekingalpha.com

With a large section of Egypt's population being under served in their access to financial services, the country is emerging as a hotbed for fintech ventures. Read more: www.entrepreneur.com

Britain's financial technology sector has recovered from an initial dip after Britain's vote to leave the European Union, says a UK regulator. Read more: uk.news.yahoo.com

Early stage VC Floodgate has closed its latest fund at $131m according to an SEC filing. Read more: www.fintechroundup.com