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Motive Partners takes majority stake in Finantix

Private equity firm Motive Partners has acquired a majority stake in Finantix, which provides a bundled set of components and software development tools for financial firms beginning their digital transform journeys.

US fraud losses top $10bn in 2023

Americans lost more than $10 billion to fraud in 2023, with investment scams accounting for nearly half of the losses, Federal Trade Commission data shows.

CommBank takes start-up approach to wealth portal roll-out

Australia’s Commonwealth Bank says it took a start-up approach to the development of a new wealth management portal for self-directed investors that combines online banking with stock trading, property and portfolio investment, news and community forums all accessible via a single log-in.

Volante raises $66m

Cloud payments fintech Volante Technologies has raised $66 million in a funding round led by Sixth Street Growth.