Ratesetter raised £20 million in a new round of funding from Artemis and Woodford Investment Management, as well as previous shareholders Ken Costa and Charles Peel.
Microsoft rumoured to be stepping into the mobile payments fray after setting up a new company in the US with a money transmission license.
Royal Bank of Scotland Group PLC investment bank chairman Rory Cullinan will leave the lender next month after a disagreement over the bank’s strategy.
Canadian financial technology firm D+H will acquire global payment services provider Fundtech in a $1.25 billion cash deal.
Hong Kong is setting up a FinTech steering group to advise its government on how to develop the region into a FinTech hub.