Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Irish bank caught in social media spying storm

Allied Irish Bank (AIB) has been accused of spying on its customers after it emerged that it monitors mortgage holders' social media accounts

14 May 2018

News/Big data

Hong Kong brings lending decisions into the digital age

The Hong Kong Monetary Authority (HKMA) is looking to bring lending into the digital age, allowing banks to forgo traditional credit checks on some personal loans in favour of big data analysis.

11 May 2018

News/Big data

Deutsche Bank looks to big data for stock price clues

Deutsche Bank's research unit has unveiled an interactive web tool that uses big data in an effort to quantify the importance of intangibles, such as environmental and social issues, on stock prices.

27 April 2018

News/Big data

Swift Business Forum London - live blog

Welcome to Finextra's live coverage of the Swift Business Forum London 2018. This event will focus on important issues affecting the financial industry, exploring how far and how fast the transformation of financial services will take place in the UK and beyond.

24 April 2018

News/Big data

'Fake data' will make banks vulnerable - Accenture

Many banks are not doing enough to verify the validity and accuracy of their data, leaving them vulnerable to false insights that could lead to bad decisions, according to Accenture.

20 April 2018

News/Big data

Microsoft defends support for controversial Cloud Act

A long-running court battle between Microsoft and the US government about whether the latter had the right to access emails held in Microsoft's Irish data centre has come to an anticlimactic end after a judge dismissed the case, ruling it to be "moot" due to the recent passing of the Cloud (Clarifying Lawful Overseas Use of Data) Act.

05 April 2018

News/Big data

Singapore's MAS preps guidelines for ethical use of AI and data analytics

The Monetary Authority of Singapore (MAS) has brought together industry players to work on guidelines for the "responsible and ethical" use of AI and data analytics in the financial services sector.

04 April 2018

News/Big data

Swift Business Forum Canada - live blog

Welcome to Finextra's live coverage of the Swift Business Forum Canada 2018 in Toronto. This event will focus on important issues affecting the financial industry, exploring how far, and how fast, the transformation of financial services will take place in Canada and beyond.

21 March 2018

News/Big data

JPMorgan-backed FinLab competition calls for applications from women and people of colour

The Financial Solutions Lab (FinLab), an innovation programme backed by JPMorgan Chase, is looking to make fintech a little less male and white, calling on entrepreneurs of colour, women and people with disabilities to take up its latest challenge to develop products that can support under-represented communities - and, in the process, bag a slice of a $3 million prize fund.

01 March 2018

News/Big data

Human traders out of pocket as buy-side shifts budget to technology spend

Institutional investors are shifting budgets away from human traders to spend more on technology, according to research conducted by Greenwich Associates.

13 February 2018

News/Big data

GoCompare opens up APIs to fintech firms

UK price comparison site GoCompare is opening up its APIs to fintech firms, letting them pump in anonymised transaction data for analysis.

31 January 2018

News/Big data

Sbanken opens developer portal and invites customers to build their own digital bank

Norway's Sbanken has opened a developer portal through which customers can use a host of open APIs to build their own digital banking platforms, with the best efforts winning cash prizes.

19 January 2018

News/Big data

Europe begins Open Banking era in subdued style

The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.

15 January 2018

News/Big data

Exchanges call for global fintech standards

As new technologies such as AI and DLT transform the capital markets landscape, the World Federation of Exchanges (WFE) has called on regulators to hold new fintech entrants to the same standards as established players.

11 January 2018

News/Big data

Big data and software robots crunch compliance costs for Credit Suisse

Credit Suisse says that a new big data platform and the intelligent deployment of software robots is reversing years of rising compliance costs.

01 December 2017

News/Big data

Boardroom ignorance holding back bank's tech plans

Bank's IT departments are unable to pursue innovation with the latest digital technologies because they have lost influence in the boardroom with senior managers that do not properly understand new technology.

16 November 2017

News/Big data

Singapore offers $20m grant for banks' AI and data projects

Singapore has stepped up its fintech ambitions with the offer of a S$27m ($19.91m) grant to promote the further use of artificial intelligence and data analytics in the financial services market.

15 November 2017

News/Big data

NAB goes on tech hiring spree

As it kicks off a three-year programme designed to simplify the bank and reshape its workforce for the digital age, Australia's NAB is promising to immediately hire 600 technology specialists in the areas of software engineering, data, architecture and security.

10 November 2017

News/Big data

Sibos 2017: How to profit from the data goldrush

The billion dollar question at today's Sibos Future of Money session: Who is going to be able to successfully extract the gold from the data mine and become the Amazon of the financial services world?

18 October 2017

News/Big data

Thomson Reuters commits $100m to Toronto technology centre

A year on from its launch, Thomson Reuters is doubling down on its Toronto technology centre, committing another US$100 million to the project, which will eventually be home to 1500 staffers working on areas such as cloud computing, big data and AI.

12 October 2017