Mitsubishi UFJ Financial Group is in talks to invest about $200 million in Akulaku, an Indonesian online lender backed by Jack Ma's Ant Group, according to people familiar with the matter.

The deal is the banking titan's latest investment in fintech.

Regulators are chastising banks for compliance lapses among their fintech partners. But some say the software companies that connect them share some responsibility.

A special-purpose acquisition company is merging with a bank as its affiliated startup still lacks its own national bank charter.

In a tight job market, banks are exploring new ways to find the employees they need.

Markus Braun makes his first public appearance in court on Thursday, more than two years after his highflying digital-payment company Wirecard collapsed under the weight of fraud allegations.

Houston-based Save, which lets consumers save and invest from the same account, closed on its most recent round of funding last month, led by BNP Paribas and joined by Webster Bank.

Plaid said it cut 260 staffers Wednesday after changing macroeconomic conditions forced it to rein in costs.