Online lender SoFi Technologies has agreed to buy cloud-native core banking platform Technisys in an all-stock deal worth around $1.1 billion.

Citi, UBS and MUFG has joined a US$35 million funding round for Asian digital wealth management platform Endowus.

Toronto-based online investment manager and trading app Wealthsimple has raised C$100 million in a funding round led by German giant Allianz.

A new stock exchange backed by Silicon Valley heavyweights has gone live, focusing on companies and investors who share a long-term vision in a sector often in thrall to short-term price changes.

The UK banking industry had its hands full in 2020 as institutions had to respond to lockdowns and other restrictions on business activity designed to curb the spread of Covid-19. What effect did this have on the ongoing adoption of Open Banking? In Finextra’s annual review, we look at how Open Banking has grown, what still needs to improve and what will happen next.

Barclays and Techstars have opened the application process for the second cohort of their fintech accelerator programme, which will give a further ten businesses the chance to shape the future of financial services.

The central banking system of the Euro zone is to offer a Verification of Payee service for PSPs in the Single Euro Payments Area.

Fresh from a new installation at Barclays Bank, digital wealth management platform Scalable Capital has raised €50 million in a Series D Financing round.