JPMorgan has signed a multi-year contract with UK-based Mosaic Smart Data - the first graduate of the Wall Street bank's 'In-Residence' technology startup programme - spanning its global fixed income trading business.
OakNorth, a UK challenger bank targeting small- and medium-sized businesses, is looking to ramp up lending and license its technology around the world after raising £154 million from a group of international investors.
A year on from its launch, Thomson Reuters is doubling down on its Toronto technology centre, committing another US$100 million to the project, which will eventually be home to 1500 staffers working on areas such as cloud computing, big data and AI.
Payment Rails, a Canadian startup building an API-first payouts platform for businesses, has won a high-profile backer in the shape of ex-PayPal president Scott Thompson, who has invested in the firm and signed on as a board advisor.
Quebec-based credit union association Desjardins Group and local pension fund la Caisse have created a fintech investment fund of up to $75 million.
BNP Paribas Securities Services is implementing Smart Chaser, a trade matching tool that uses artificial intelligence to warn brokers and their clients of live trades that may require manual intervention to complete.
OCBC Bank has formed a collaborative alliance with Singaporean telco StarHub to invest in research into the convergence of banking and communications in the digital economy.
Fintech is more than just a buzzword, it is a revolution that will have profound implication for the financial services industry, according to Bank of England executive Andrew Hauser.
A strong line-up of C-Suite digital banking heads and innovators from across the Scandinavian fintech scene will gather in Stockholm next month to debate the future of financial services at Finextra's annual NextGen Banking Nordics summit.
UK insurer Aviva has acquired a majority stake in a startup robo-adviser for an undisclosed sum.
© Finextra Research 2017