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.

Fintech and back office system provider Iress said it is committed to maintaining its presence in the UK, despite recent media reports that suggested otherwise.

NatWest is to acquire a majority shareholding in Cushon, the workplace savings and pensions fintech, for £144m.