11 February 2016

All innovation news

BBVA is shaking up the way it invests in fintech startups, closing its $100 million in-house fund and pumping $250 million into a new independently managed outfit called Propel Venture Partners.

RBS prepares to open executive wing to startups

RBS prepares to open executive wing to startups

23 hours ago  | 1 comments | 11 tweets | 9 linkedin

Royal Bank of Scotland is preparing to welcome 100 entrepreneurs and ten startup support organisations to the executive wing of its Scottish HQ following a year-long refit of the former symbol of big bank excess.

Absa alert warns customers of future spending shortfalls

Absa alert warns customers of future spending shortfalls

10 February 2016  | 0 comments | 7 tweets | 12 linkedin

South Africa's Absa Bank is piloting a new predictive spending alert that warns customers if they are about to go into the red and offers customised options to help them better manage their finances.

City grandee Rich Ricci joins fintech revolution at freemarketFX

City grandee Rich Ricci joins fintech revolution at freemarketFX

10 February 2016  | 0 comments | 8 tweets | 1 linkedin

Rich Ricci, formerly CEO of Barclays Corporate and Investment Banking, is the latest in a growing list of financial services grandees to lend their business heft to a disruptive technology startup, joining currency exchange freemarketFX as chairman.

Deutsche Bank has become the latest financial services giant to call on its industry to hug the hoard of upstart fintech rivals close, concluding that co-operation, not competition, is the wisest approach in the business-to-business payments arena.

The Linux Foundation-led Hyperledger Project has signed up 30 founding members from the technology and financial services sectors, with several donating code to the effort to build a cross-industry open standard for distributed ledgers.

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