A blockchain-based startup for trading in growth companies founded by former Nasdaq Tallin stock exchange head Kaidi Ruusalepp has raised $2.6 million in a funding round led by Draper Associates, Thomson Reuters, and IQ Capital.
Wells Fargo has created a payments, virtual solutions and innovation group led by 23-year bank veteran Avid Modjtabai.
JPMorgan Chase, Icap and Barclays are among the big names that have joined a $30 million Series A funding round for cloud-based trading communications provider Cloud9 Technologies.
Lloyds Banking Group is sharpening the axe once again, announcing plans to cut a further 1,340 jobs as part of a cost-cutting strategic review.
Crowdcube has named former Citigroup and HSBC executive Simon Williams as chairman, hailing the appointment - and an investment by Williams in the business - as a clear indication that equity crowdfunding has moved into the mainstream world of finance.
The Reserve Bank of India has moved to redefine ATMs in remote rural areas as bank branches, to counteract the decline in traditional full-feature outlets and improve financial inclusion.
While three quarters of banks are actively experimenting with blockchain technology, regulatory uncertainty and a lack of inhouse expertise are proving major roadblocks to near-term adoption, according to research from SIX Securities Services.
Facebook co-founder Eduardo Saverin is being sued by a shareholder in Jumio over alleged “misrepresentations and ineptitude” related to the digital ID verification outfit's bankruptcy filing earlier this year.
Blockchain-based smart contracts will transform the financial services industry, saving punters billions of dollars in fees for things such as mortgage applications and auto insurance, claims a Capgemini report.
National Australia Bank chief customer officer Andrew Hagger has been forced back in front of the camera again to apologise to customers for the bank's third outage in a week.
© Finextra Research 2016