Banco Santander has hired former McKinsey man Mariano Belinky to run its $100 million fintech venture fund, as it bids to get in on the ground floor at startups leading the financial services digital revolution.
More than two-thirds of banks plan to modernise their payments systems to accommodate demand for mobile and immediate payments and head off competition from disruptive competitors, according to data from Ovum.
Citi is to host a series of fintech meetups in its latest attempt to engage with thriving local developer ecosystems.
Stripe has raised $70 million in a funding round which values the San Francisco-based payments start-up at $3.5 billion, according to the Financial Times.
American banking giant Citigroup says that it will shut down its LavaFlow ECN alternative trading platform next month.
MasterCard has called on Australia to force Bitcoin transactions to go through "regulated and transparent administrators" in the same way as other participants in the country's payments system.
Reference data firm Markit has backed out of the running to develop a rival to Bloomberg's instant messaging network, instead selling the technology assets of its Collaboration unit to back-backed Symphony Communication Services.
Plans by Wall Street watchdog Finra to introduce an automated data collection system designed to help identify risky and suspicious activities have been blasted by lobby group Sifma on cost, security and privacy grounds.
Barclays is to use in-branch beacon technology to alert staff to the presence of customers with disabilities.
Connecticut-based SS&C Technologies Holdings, has acquired DST Global Solutions for $95 million in cash, providing a platform for growth in Emea and Asia Pacific.
Private equity firm Silver Lake has sold financial communications business IPC to Centrebridge Partners for $1.2 billion.
Financial messaging network Swift has won the contract to build a 'New Payments Platform' for the Australian banking community, ushering in immediate retail payments and the ability to conduct transactions in the absence of a bank account or BSB number.
Citi Ventures is partnering with Californian accelerator Plug and Play to launch a global fintech innovation programme, with locations in the US, Germany, Singapore, Brazil and Spain.
Customers of Canada's Scotiabank can now check their account balances with a quick glance at their wrists, as the bank unveils a new app for the Samsung Gear range of smartwatches.
Cyber crime tracking outfit FireEye has alerted the FBI to an undergound hacking collective called FIN4, whose intrusions appear to be primarily motivated at gaining an edge in stock market trading.
Australia's largest Bitcoin company CoinJar is moving its headquarters to the UK to take advantage of a more favourable regulatory regime.
ABN Amro has signed a 10-year, multi-billion dollar services agreement with IBM to manage the IT infrastructure that supports the bank’s operations globally.
Barclays and Coutts are to enter a new era of financial advisory service with the roll-out of face-to-face video platforms to connect customers to banking experts from their mobile or desktop.
The financial technology world is to get its first 'startup factory' with the launch by incubation platform HitFox Group of FinLeap in Berlin and San Francisco.
Canada's Toronto Dominion Bank is to license mobile financial management software from banking startup Moven to enable customers to track their spending on the move.
© Finextra Research 2014