The bank has created a new fintech and AI venture unit, Itaú Ventures, following the acquisition of an investment firm.

Some 46 corporate-backed startups had an exit in May, a handful at more than $1bn. But the market is still in a holding pattern.

The UK has long been a fintech hub, but the next generation of financial startups will be based on AI, and the UK ecosystem may not be funding these as fast as it should.

US corporate-backed startup funding saw a big contraction, with the fintech and industrial sectors hit hardest.

James Loftus who led the team since 2022 is moving to a CFO role at Velocity Global.

Luis Valdich, a CVC veteran of fintech investing, has formed VIM Investors, a firm focusing on secondary market transactions.

Kaweewut Temphuwapat held various innovation roles at PTT, Thailand's state-owned oil and gas company, before he moved to Siam Commercial Bank (SCB).

Despite raising less money than its previous fund, DG Daiwa Ventures plans to back plenty of AI, blockchain and security startups.

CryptoGames’ new investment unit will look at the web3 gaming ecosystem and the trading cards sector.

The Dutch bank will focus on the existing portfolio of 30 startups. It is the latest in a string of big corporations to rethink CVC operations.