Barclays Bank has launched a new venture unit to invest in and partner with tech companies in a drive to find new opportunities for growth and innovation.
Standard Chartered has opened an innovation lab in Hong Kong to tap emerging financial technologies and data science in the region.
Goldman Sachs has acquired personal financial management startup Clarity Money, as it continues its march into the retail financial services.
Oval Money, the budget management app launched by the former CEO of Uber Italy, has raised £1.3 million in fresh funding, with 60% of the cash generated by individual investors on Crowdcube.
Anne Boden, chief executive of Starling Bank, has hit out at the Treasury over its decision to allow some of the UK's largest banks to bid for millions of pounds of funding from a Royal Bank of Scotland bailout fund intended to boost competition in the SME business banking market.
P2P lender Zopa is restructuring its business into three distinct entities as it prepares for the launch of its challenger bank proposition in the UK.
Countingup, a UK startup that combines a business current account with a built-in accounting package, has emerged from beta.
Capital markets venture fund Seismic Foundry has made a further two investments in the fintech startup space and begun raising funds for a new warchest for the 2018-19 financial year.
A UK challenger bank aimed at the SME business sector has opted to give up its banking licence in order to spend more time developing its IT infrastructure prior to its launch.
An initial coin offering (ICO) that raised $32m and was backed by celebrity boxer Floyd Mayweather has been dealt a knockout blow after the US Securities and Exchange Commission (SEC) arrested the company's founders for fraud.
© Finextra Research 2018