Distributed ledger technology is now something that banks are taking very seriously, however, with blockchain-based systems potentially enabling them to save billions.

Real-time financial data aggregation platform Finicity has picked up $42m in new funding. Experian led the Series B round with Bridge Bank also participating.

Personal finance and lending platform MoneyLion has raised $22.5m in its Series A round. The funding was led by Edison Partners.

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.