The Zhitong Finance App learned that Barclays Bank (BCS.US) is taking a stake in an Anglo-Danish joint venture fintech company focusing on banking technology, thus joining an investor camp that has brought together four major European and American competitors. According to a statement issued on Wednesday, the London-based lender will pay an undisclosed amount of consideration to subscribe to the newly issued shares of United Fintech Group and occupy a board seat in the startup.

The Zhitong Finance App learned that Barclays Bank (BCS.US) is taking a stake in an Anglo-Danish joint venture fintech company focusing on banking technology, thus joining an investor camp that has brought together four major European and American competitors. According to a statement issued on Wednesday, the London-based lender will pay an undisclosed amount of consideration to subscribe to the newly issued shares of United Fintech Group and occupy a board seat in the startup.