Palantir Technologies, a big data startup co-founded by Peter Thiel, has completed a massive $450 million funding round that values the company at $20 billion.
The financial services sector is trailing rival industries in the race to set up innovation centres in technology hubs such as Silicon Valley, according to a report issued by consultants CapGemini and Altimeter Group.
Visa has confirmed that it is in talks about buying back its former subsidiary Visa Europe, with a decision on whether to complete a deal expected by October.
Japanese media giant Nikkei has struck a deal to buy the Financial Times Group from publisher Pearson for £844 million in cash.
Wells Fargo has tapped veteran Steve Ellis to lead a newly created innovation group designed to help the 163-year-old bank thrive in the digital age.
Two rival exchanges, the New York Stock Exchange (Nyse) and Nasdaq OMX, are planning to provide back-up to each other's closing auctions in order to prevent a repeat of the outage that hit Nyse earlier this month.
Bondcube, an electronic trading platform for corporate debt, has filed for liquidation just three months after going live.
Almost all of Wall Street thinks that the blockchain could be applied to institutional capital markets and many firms are already actively reviewing the technology, according to research from Greenwich Associates.
New York state's banking regulator has written to the firm behind a new instant messaging service backed by Wall Street's biggest banks asking about its document retention policies.
Online army bank USAA has enlisted vendor Nuance Communications for the launch of a virtual assistant app dedicated to helping millennials save money.
© Finextra Research 2015