Financial data outfit Markit has agreed to buy DealHub, a provider of trade processing and trading services to the foreign exchange market. Financial terms were not disclosed.
The Legal Entity Identifier (LEI) project, whereby every counterparty in a financial transaction is issued a unique code, is suffering from a lapse rate of 20% according to research from entity data provider Alacra.
Ride-sharing app Uber has struck a deal with Bharti Airtel that will let Indians pay for their trips through the wireless carrier's mobile wallet.
Personal finance behemoth Intuit is preparing to flog off the family silver with the proposed sale of its flagship accounting software package Quicken.
US payments and lobby group The Clearing House has called for legislative measures to rein in non-bank startups hitching a free ride on banking rails.
The UK's Co-operative Bank has warned of an urgent need to re-engineer its IT platform, describing the existing infrastructure as "unsuitable and inherently fragile".
Venture capital firm Andreesen Horowitz is sharpening its focus on fintech with the appointment of serial entrepreneur and TrialPay founder Alex Rampall as a general partner.
JPMorgan Chase, Goldman Sachs and Morgan Stanley are teaming up on a new company that will pull together clean reams of reference data, according to the Wall Street Journal.
PayPal has bought Modest, a 'contextual commerce' startup run by two former senior tech leads on Barack Obama's re-election campaign. Financial terms of the deal have not been disclosed.
In a move designed to boost financial inclusion, the Reserve Bank of India has given "in-principle" approval to 11 applicants - including telcos, tech firms and the country's postal service - seeking to set up so-called payments banks.
© Finextra Research 2015