As it wrestles with the likes of Apple and Google for the top tech talent, Goldman Sachs is relaxing its dress code for computer engineers.
Sydney is to get a new startup hub, creating up to 6,500 new jobs, thanks to a $35 million investment from the NSW Government.
Santander InnoVentures, the venture capital fund of Santander Group, is moving ever deeper into the fintech ecosystem with strategic investments in the UK startups Pixoneye and Curve and US based Gridspace.
Co-founded by five seasoned veterans of the capital markets space, Seismic Foundry is jumping aboard the fintech funding train, capitalising on tax-efficient Seed Enterprise Investment Schemes (SEIS) and EIS to attract investment capital for promising fledgeling startups.
US banks are opening themselves up to increased strategic risk by moving into new products and services as a way to take on emerging fintech rivals, warns the Office of the Comptroller of the Currency (OCC) in a report which also highlights the threat of cyber attacks and an increased reliance on third-party tech service providers.
A Paris-based consortium of top-rank financial firms are to pool resources in the establishment of a joint venture company that plans to use distributed ledger technology to ease the post-trade processing of SME lending operations.
Intesa Sanpaolo has made an undisclosed investment in SME lending platform iwoca.
Banco Santander has struck a deal with San Francisco-based Tradeshift to provide a suite of supply chain finance services to the 1.5 million companies operating on the startup's marketplace platform.
British financial services firms expect to boost IT spending over the next year, with data analysis and process automation two particularly hot areas, according to the latest CBI/PwC survey.
The Bank of England says that a distributed ledger technology proof-of-concept with Ripple has reinforced its intention to make a new real-time gross settlement (RTGS) platform compatible with DLT usage in the private sector.
© Finextra Research 2017