BNY Mellon will open its newest Global Innovation Center in Singapore to facilitate collaboration with FinTechs and clients in Asia.

New York-based FinTech business Active Allocator has hit an $8m valuation through an early-stage equity financing round.The business aims to bring institutional quality asset allocation and portfolio construction methods to financial advisors serving mainstream investors.Details about the investors in the round were not disclosed. Active said it planned to use the capital for product development.Active's partners include former AR Capital,...

Indian online lending platform FlexiLoans has raised $15m in a new round of funding from angel investors.

Point-of-sale financing provider Financeit has raised a $17m round of funding led by The Pritzker Organization and DNS Capital.

Blackhawk Networks, a prepaid payments company, has acquired employee and customer engagement platform Grass Roots for $118m.

The R3 consortium, which focuses on joint development of distributed ledger technologies, is adding its first stock exchange with Brazil’s BM&FBovespa coming on board.

Barclays has partnered with Fintech startup Wave to carry out what it claims in the first global trade transaction using blockchain technology.

Swedish mobile payments player iZettle is acquiring Scottish point of sale startup (POS) intelligentpos in a move that will expand its software offering to SMEs.

New York-based company Advisen, a provider of real-time analytics and research of the commercial insurance sector, has raised $6.5m in debt financing.

Munich-based Finanzchef24, the first digital insurance broker for entrepreneurs and companies in Germany, has raised €4m in a Grenke Bank-led round.