State Street is to acquire Charles River Development in an all cash transaction valued at $2.6 billion.
Credit Suisse has joined a funding round for Assetmax, a Swiss startup that provides asset managers with an end-to-end software platform.
Russia's PIR Bank lost $1 million after hackers infiltrated the bank's systems via a compromised router installed at a regional branch.
Bloomberg is launching a real-time feed of curated Twitter data, sifting through the deluge of social media sentiment to pick out the most useful content for its algorithmic trading clients.
Euroclear has made an undisclosed investment in fixed income liquidity matching firm Algomi.
The Depository Trust and Clearing Corporation has joined the rash of firms opening new offices in Europe to avoid the fall out from Britain's upcoming exit from the European Union.
Cryptomining malware has replaced ransomware as the crybercrime tool of choice for the online criminal fraternity, accounting for 32% of all recorded attacks in Skybox Security's mid-year tech threats report.
BlackFin Capital Partners is staking a claim to be the largest independent fintech fund in Europe, after completing a €180-million final closing with participation from top-tier banks and insurance houses.
A coalition of leading transaction banks in Hong Kong are plotting a September go-live date for a blockchain-based trade finance platform, supported by the territory's central bank.
Nine out of ten fintech startups fail to get beyond the seed stage, as risk-averse investors prefer to wave their wallets at later-stage companies.
© Finextra Research 2018