Motive Partners, a fintech investment vehicle backed by veterans of the global financial technology industry, has made its first deal, investing $7 million in FX compression outfit LMRKTS.
Mastercard has agreed to reduce the costs to the Link ATM network for switching infrastructure providers in order to head off competition concerns raised over its £700 million takeover of VocaLink.
The world's largest wealth manager, UBS, has inked a $300 million-plus, multi-year deal with technology firm Epam Systems as it seeks to put IT at the heart of its cost reduction programme.
In what it claims is a European first, Turkish digital bank Yapı Kredi is to start letting customers log into their mobile accounts by scanning their eyes.
A turf war is brewing between US state and federal regulators over oversight of the financial technology sector after New York's top watchdog sent a stinging letter to the Office of the Comptroller of the Currency (OCC), telling it to back off plans for a national bank charter for fintech firms.
The UK's Competition and Markets Authority has welcomed a commitment from the nation's banks to overhaul the Current Account Switch Service (Cass)to ease the issues facing customers who want to move bank accounts.
HSBC has formed a tech advisory board to help steer the bank's IT strategy as it looks to take advantage of technological innovation and combat cyberscrime.
Core banking vendor Misys has launched a crowdlending module to enable financial institutions to move into the alternative finance marketplace.