Banco Santander has slashed 2000 jobs in the UK as part of ongoing cost-saving measures.

Deutsche Bank’s Corporate Venture Capital (CVC) group has made a strategic investment in identity security firm Akeyless. Terms were not disclosed.

A team of ex-Revolut employees have released Zeal, a DeFi wallet and debit card combination that enables direct cryptocurrency spending on everyday items, eliminating the need for conversion to fiat currency.

UK banks will be given an extra 72 hours to stall payments if they suspect authorised push payment fraud.

UBS has pulled the plug on its $1.4 billion acquisition of robo-advisor Wealthfront but says it is still committed to its growth plans in the US and strengthening its digital offering.

Santander has doubled the size of its fintech investment fund, from $100 million to $200 million, in what the bank describes as a sign of commitment to its philosophy of collaborating with startups.

BBVA has officially launched its Banking-as-a-Service platform in the US, using APIs to let firms offer their customers financial products without having to take on fulling banking themselves.

Payments orchestration platform Paytently has unveiled an open banking-based account-to-account payment service built on Mastercard technology.

Fintech investment trust Augmentum has secured £55m from its latest funding round, exceeding its original £40m target

Visa is to open a new technology centre in Bangalore, India, next year with the aim of recruiting 1000 staff to work on APIs and software development kits by 2017.

HSBC is scrambling to fix glitches in its mobile and online banking systems that have presented customers with error messages, missed payments and inaccurate account information.

Geoff Robinson, a former UBS investment analyst, has launched an educational app that uses his digitally cloned voice and AI-generated expertise to help self-directed investors lean on his experience.

Canadian fintech giant Wealthsimple is pulling out of the UK investment market, transferring its customers to Moneyfarm.

Algo trading form XTX Markets is investing €1 billion in a large-scale data centre complex in Finland to support its growing use of machine learning.

French neobank Qonto is set to open new offices in Austria, Belgium, Portugal and the Netherlands as part of a European expansion plan.