The Local Enterprise Panel, chaired by the Mayor of London Boris Johnson, has launched a £20m regeneration fund that “will re-energise the capital’s high streets by embracing the city’s incredible talent for creativity and technological innovation”.

The Prime Minister embarked on a trade mission to south-east Asia, taking with him FinTech specialists from across the UK.

Virtual Piggy, a mobile wallet developer, has released an iOS update to its family payment application, enabling additional money transfer capabilities using peer-to-peer technology.

Mobilearth, an omni-channel mobile banking provider, has added Belize-based Heritage International Bank to its network, with the bank now using Mobilearth’s mobile and online banking solutions.

Chinese e-commerce company Alibaba and consumer products maker Unilever have entered a strategic partnership in a deal that will expand the multinational’s reach in China.

Recent figures reveal that bitcoin has grown 25 per cent faster than the internet did in its early stages and investment in the digital currency is set to reach $800 million this year.