Chinese authorities are cracking down on the nation booming peer-to-peer lending space with new regulations.

Four of the world largest banks are partnering to develop a digital currency with the aim of creating an industry standard for blockchain-enabled trades and transactions.

Ancoa Software, a contextual surveillance and insightful analytics provider for exchanges, regulators, and buy and sell-side firms, is establishing an advisory board.

Small business lending startup Fundation has secured a $100m asset-backed credit facility from Wall Street giant Goldman Sachs.

SigOpt has raised $6.6m in a Series A round led by Silicon Valley heavy weight Andreessen Horowitz.

Peer-to-peer insurance company Lemonade has raised a new round of funding from XL Innovate, the venture capital arm of insurance firm XL Catlin. The size of the round is undisclosed.

Equity crowdfunding platform Eureeca has raised $400,000 in funding on its own platform in just 12 days.

Work management and financial tools startup Scoro has raised $1.9m in a seed round of funding.

Online lending and credit startup LendUp has raised $47.5m in a Series C round led by Y Combinator Continuity growth fund.

Spanish bank BBVA is complaining to the European Commission, expressing its concerns that regulation pertaining to EU caps on bankers' bonuses are damaging its ability to attract tech talent.