Royal Bank of Scotland is in line to spend a maximum of £885 million on funding fintech startups and challenger banks under a compromise agreement between the European Commission and the UK Government over the bank's state aid bail-out.
Medici Ventures, the blockchain roll-up platform of e-commerce retailer Overstock, has made an undisclosed investment in Symbiont.
Barely months after coming up for air over the fake accounting scandal, Wells Fargo is facing further scrutiny, this time over a data breach that saw the accounts of 50,000 of its wealthiest clients accidentally leaked to a former employee.
Nasdaq is to acquire Sybenetix, a UK-based startup that applies behavioural analysis and cognitive computing to sniff our suspicious trading activity at asset management firms.
UniCredit is preparing for the roll out of instant payment services to customers in Italy and Germany as it commences testing of EBA Clearing's RT1 real-time platform.
Online financial advisory firm Betterment has raised $70 million, valuing the robo-advisory hybrid at $800 million.
Sydney fintech hub Stone & Chalk is extending its reach into Victoria, with founding CEO of Fintech Victoria, Alan Tsen, at the helm of its new Melbourne-based operations.
Robots, artificial intelligence and other forms of automation could take over almost a third of investment banking jobs within just a few years, according to a recent report from consultant McKinsey.
The new head of the US Office of the Comptroller of the Currency (OCC) has come out fighting in defence of his predecessor's plans to grant special-purpose bank charters to fintech firms, defying pending litigation from state regulators.
Private equity outfit Finstar Financial Group is planning to pump $150 million into fintech startups over the next five years.
© Finextra Research 2017