Rory Cullinan has resigned as head of RBS' investment bank after a series of messages he posted on social media app Snapchat were published in the Sun newspaper in the UK, according to the FT.
Canadian financial technology firm D+H is to buy transaction banking vendor Fundtech for $1.25 billion in cash, subject to regulatory approvals.
Westpac has launched a Live Online Lending Application (Lola) to help small to medium sized enterprises apply for loans and a MyBusiness Assist platform to help businesses plan, manage and finance their firms more easily.
In an effort to embed itself more firmly within Silicon Valley, MasterCard is relocating its emerging merchants team to its San Carlos Center of Excellence.
Australian EFTPOS outfit Tyro Payments is opening a fintech hub in Sydney where startups can rent deskspace.
Two former federal agents have been charged with stealing hundreds of thousands of dollars worth of bitcoin during the investigation of the Silk Road dark web marketplace.
Peer-to-peer lender RateSetter has secured a £20 million investment from veteran banker Ken Costa, along with Woodford Investment Management and Artemis.
The Israel-based MyCheck is the first fintech firm to receive a major investment from the $100 million Santander Innoventures fund.
UK banks’ spending priorities for the next year are focused on improving IT infrastructure and cyber security, according to a report from the CBI and PwC, which also finds a focus on building new digital platforms to remain competitive and respond to changing customer needs.
Canadian direct bank Tangerine is set to be one of the first developers out of he blocks with an Apple Watch app, enabling customers to access their account information from their wrists.
© Finextra Research 2015