Platform One has agreed to acquire fintech Gaudi and take over the £1bn-plus SIPP assets currently administered by the firm.

Fintech Iress is to axe 10% of jobs globally in a major shake-up for the business which says the move will help increase efficiency. 

Fintech and platform engine provider Bravura Solutions plans to downsize its UK offices as part of a global cost-cutting exercise, with some offices set to be cut altogether in Australia and New Zealand.

The Centre for Finance, Innovation and Technology (CFIT), a new government-backed national hub for fintech, launch in Leeds yesterday to boost growth and innovation in the UK.