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Moneyfarm buys Profile Pensions

UK digital wealth manager Moneyfarm is buying pension adviser and consolidator Profile Pensions. Financial terms of the deal were not disclosed.

M1 Finance raises $150m

M1 Finance has hit a $1.45 billion valuation after raising $150 million in a Series E funding round for its “super app” offering automated investing, borrowing and banking products.

Fnality rolls out ‘earmarking’ for programmable payments

Fnality, the international consortium of global banks focused on building a blockchain-based payment system to support the adoption of tokenised assets and marketplaces, has released a new feature that allows banks to programme funds for release upon receipt of proof of an event elsewhere.