Boston-based Eastern Bank has spun off an online loan platform for small businesses that was developed by its innovation lab into an independent company that has already raised $9 million in funding.
Fintech unicorn Transferwise says the company has reached operational profitability six years after launch.
A new mobile app is promising to help users avoid drunken late night impulse spending by linking credit and debit cards to a breathalyser and, if too much has been imbibed, barring certain purchases.
FIS-owned consultancy Capco is suing its former UK boss Andrew Tarver for £145 million over allegations that he stole clients and conspired to cover up the evidence.
JPMorgan Chase has joined a $50 million funding round for LevelUp, a Boston-based mobile payments service that lets customers order ahead at partner restaurants.
US bank Citi has appointed Gulru Atak, an executive at its Turkey business, as head of its innovation lab in Dublin.
Nearly a third of UK consumers would consider using Amazon, Google, Facebook or Apple for banking services, while 48% would be happy for banks to share their transaction data with trusted third parties if it gave them a more personalised experience.