Japan's Sumitomo Mitsui Banking Corporation is looking to tap into America's startup scene through a partnership with New York-based Entrepreneurs Roundtable Accelerator (ERA).
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.
Money transfer outfit Revolut has scored a bumper $66 million investment round and announced plans for a £4 million crowdfunding campaign as it looks beyond Europe's borders to Asia and the US and builds on its progression into a fully-fledged banking-as-a-service platform.
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.
World Bank Group member IFC is looking to boost financial inclusion and literacy in Southeast Asia through a $15 million investment into local online marketplace CompareAsiaGroup.
Intesa Sanpaolo has made an undisclosed investment in SME lending platform iwoca.
The UK arm of German bank Fidor has added equity financing from Seedrs and wealth management software from Nutmeg to its portfolio of third party marketplace offerings.
Nordea is to introduce artificial intelligence technology to analyse customer text queries and forward the correspondence to the right department.
UK challenger bank Monzo has disabled card payments for customers after suffering an unspecified issue with a supplier.
© Finextra Research 2017