BUZZ-Monitise: Up on news of fintech JV with Banco Santander

** Mobile banking software provider Monitise (LSE: MONI.L - news) up 7 pct after co launches JV with Santander to invest in fintech businesses

** JV to invest in firms with the potential to "redefine and support financial services globally"

** Cos to invest 10 mln stg ($15 mln) each over 2 yrs

** Monitise to benefit from multi-mln stg upfront licence fee, ongoing revenues expected to be generated

** UBS (NYSEArca: FBGX - news) analysts say that while the use of cash by loss-making Monitise may be concerning, the net cash requirement will be limited in FY16E given the upfront license

** Deepening relationships with banks will help deliver scale needed for business to turn cash profitable, UBS says in a note

** Stock top performer on the FTSE AIM Telecommunications Index (Reuters Messaging: noor.hussain.thomsonreuters.com@reuters.net)