National Australia Bank's venture capital arm has joined a $9 million Series A financing round for BrickX, a real estate investment platform that lets people pay small sums for slices of properties.
Fintech firms are toning down the fighting talk that marked the beginning of the movement as the realisation dawns that they will be hard-pushed to succeed without the support of incumbent banks. That's the conclusion of Capgemini's World Fintech report which charts the 'fizzling out' of the much-hyped fintech revolution.
The European Fintech Alliance has fired another broadside in its tussle with the financial services establishment over PSD2, raising fears that banks will develop substandard APIs as a way to fend off competition.
Despite growing cooperation between financial institutions and fintech startups, collaboration remains challenging and time consuming, according to a survey of players from both sides.
The UK's NatWest is launching four specialist fintech accelerators based in its Bristol, Edinburgh, London and Manchester sites.
ANZ has taken a stake in Sydney-based startup Data Republic in preparation for the introduction of new rules governing the sharing of customer account data with third party firms.
Bank of Queensland (BOQ) has struck a two-year deal with Brisbane-based technology hub and accelerator River City Labs to support local fintech startups.
InnoCapital the corporate venture vehicle of Banco Sabadell's InnoCell digital hub has led a EUR1 million investment round in voice authentication startup Biometric Vox.
BNP Paribas has launched a new investment fund to take direct minority stakes in innovative startups that are reinventing financial services and insurance.
Ernit, a Danish piggy bank app that hopes to make digital money more tangible to kids, is ready for a national roll out after striking a deal with local bank Spar Nord.
© Finextra Research 2018