German tech and engineering powerhouse Siemens is to invest $1bn in a new start-up accelerator called Next47 focused on disruptive ideas. Read more: www.siliconrepublic.com
Bertelsmann India Investments has led a $32m Series B round in Indian lending platform Lendingkart Group.
Axis bank has partnered with AWS, Visa and The Open Vault to support its innovation lab Thought Factory. Read more: thetechportal.com
Fintech is on pace to best venture capital 2015 fundraising by 36% this year as startups focus on transparency and ease-of-use to disrupt the incumbents. Read more: bankinnovation.net
Former Barclays CEO Antony Jenkins has launched a new startup that aims to modernise the back office technology used by banks. Read more: www.finextra.com
A villain at the heart of an organized crime network that stole £840k from victims' online bank accounts has been jailed. Read more: www.theregister.co.uk