JP Morgan to triple size of New York tech hub
JPMorgan Chase & Co., the biggest US lender, is planning to more than triple the size of its technology hub in New York City. Read more: www.bloomberg.com
Oxford Capital leads $1.75m round in FinTech startup Moneybox
Finstar Financial Group has further expanded its fintech and financial services investment program with the hire of Eugene Timko.
Canadian neobank Koho launches
Koho has moved out of private beta testing. Read more: www.finextra.com
Soldo launches multi-user expense account for businesses
Soldo is rolling out a new product in the UK today aimed at businesses who need to deploy and manage expenses across an entire company. Read more: techcrunch.com
UK’s Sage says may sell North American payments business
British software company Sage Group is evaluating potential strategic options for its North American payments business, including a sale. Read more: www.reuters.com
$4.5m propels invoice FinTech startup
Zervant raises $4.5m to expand its SME eInvoicing software and platform geographically, as well as add new products, like invoice financing. Read more: www.pymnts.com
Axis Bank launches innovation lab to partner with FinTech startups
Axis Bank launches innovation lab to partner with fintech start-ups. Read more: www.business-standard.com
Wells Fargo tests Facebook chatbot
Wells Fargo & Company is testing a "chatbot" with the bank's customers on Facebook's messaging platform. Read more: www.reuters.com
Citi taps JPM’s Gavin Michael to lead consumer bank FinTech
Citi has hired senior JPMorgan Chase executive Gavin Michael to lead technology operations at its consumer bank. Read more: www.finextra.com
Euro Central Bank backs money laundering rules
Plans to bring virtual currency exchanges and digital wallet providers within the scope of EU anti-money laundering legislation have been backed by the ECB. Read more: www.theregister.co.uk