RegTech Konsentus has completed what the investor Conviction Investment Partners refers to as a "multi-million pound" pre-Series A round.
Santander is spinning out its venture arm into the new entity Mouro Capital, a new autonomous investment firm using its $400m in allocated funds to back innovate FinTech startups without the fear of the big bank spying on them.
UK bank Lloyds has continued its programme of making employees redundant as it moves towards modernising the company.
Dutch cloud-banking FinTech Ohpen has acquired cross-border loan and mortgages software provider Davinci.
Singapore-based FinTech MatchMove has raised $21m in a funding round backed by ZTC Private Markets, Singapura Finance, Vickers Partners, NTT Investment Partners, Iconic World and VV Pentafond.
Last week proved a huge win for challenger banks and the Latin American FinTech sector. Check out these funding rounds to find out why.
Cybersecurity has had a big funding week with ReliaQuest picking up the biggest round last week, but several challenger banks and InsurTech ventures also bagged considerable cash injections.
UK money management startup sync. has inked a partnership deal with RegTech ComplyAdvantage.
DGB Daegu Bank has teamed up with SK Telecom to to use its 5G quantum cryptography technology in its mobile banking app IM Bank.
The European Central Bank has warned that Europe's failure to produce big tech companies of its own to compete with American ones could leave the EU exposed and reliant on foreign providers as big tech moves into the FinTech sector.