Financial Services major UBS is set to acquire rival bank Credit Suisse in a $3.25bn deal as it hopes to help prevent a banking crash.

Soul Wallet, a California-based startup that is creating an online, self-custodial Ethereum wallet, has landed $3.1m in seed funding.

Japanese FinTech investment stats in 2022: • Japanese FinTech investment reached $360m in 2022, a 70% drop from 2021’s levels • Japanese Fintech companies completed 32 transactions in 2022, a 74% reduction from 2021 • Blockchain & Crypto was the most active Japanese FinTech subsector in 2022 with nine deals, a 27% share of total deals Japanese FinTech investment continued its decline in...

Payment giant Mastercard has acquired Swedish cybersecurity platform Baffin Bay Networks to help businesses deal with increasingly challenging cyber attacks. Baffin Bay Networks will add to Mastercard’s multi-layered approach to cybersecurity and help stop attacks. The cloud-based CyberTech solution leverages AI technology to automatically filter and counteract malicious internet traffic. To combat the rising level of malware, ransomware and other malicious activity,...

Canadian insurance company TD Insurance has launched a direct insurance product offering tailored for small businesses in Canada.

Confluence Technologies has partnered with cloud native, AI-powered investment accounting platform FundGuard.

Bubble Insurance Solutions, a digital insurance broker, has partnered with brokerage and franchise platform JPAR Real Estate to bring embedded home insurance to home buyers.

TTV Capital, an early-stage FinTech venture capital firm, has closed its sixth fund at $250m to invest in early-stage FinTech companies.

RegTech firm Clausematch has gone live with Australian loan aggregator Loan Markets Group to aid the latter with compliance digitisation.

Recognise Bank, a digital SME lender and savings provider, has scored £25m in a cash raise from PV27, the firm’s largest investor.