Innovation

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/retail

Techcombank implements DataBricks data and AI solution

Techcombank, one of Vietnam’s leading financial institutions, today announced that it has implemented the Databricks Data Intelligence Platform to drive its data and AI transformation across the organization.

/retail

Valley Bank wins Datos Insights impact awards in commercial banking

Valley Bank (NASDAQ: VLY) announces it has been selected by Datos Insights, a global advisory firm in the Financial Services industry, as the winner of the 2024 Impact Award in Commercial Banking for Operational Efficiency. This is in recognition of Valley’s implementation of a new proof of concept platform, powered by NayaOne, that accelerates the evaluation of new financial products and services in a secure environment. The award was presented yesterday during the Commercial and Small Banking Business Forum in New York.

/regulation

Lift Lab resumes innovation projects for the Brazillian financial system

The Laboratório de Inovações Financeiras e Tecnológicas (LIFT), a joint initiative of Banco Central do Brasil (BCB) and Federação Nacional de Associações dos Servidores do Banco Central (Fenasbac), announces the resumption of activities following a hiatus in 2023.

/crypto

Cboe Clear Europe participates in Eurosystem CBDC trial

Cboe Clear Europe, the largest pan-European clearing house, has successfully participated in the Eurosystem’s recent exploratory work testing the use of new technologies for the settlement of wholesale transactions in central bank money. The experiments specifically aim to explore the potential of distributed ledger technology (DLT).

/ai

FE fundinfo finds only 15% of financial advisers across asset management currently use AI

New data from FE fundinfo, a leading financial data company connecting the asset management industry to distribution networks in the UK, Europe and Asia Pacific, reveals a significant uptake in technology among financial advisers, with 55% confirming they had increased spending on technology over the past year.

/startups

UK universities collaborate on fintech courses

From the rise of AI to ongoing changes in financial regulation, from equitable access to financial services to the opening of access to personal financial data - the financial services sector currently faces many challenges and opportunities.

/identity

Hazy and Unbanx launch ethical synthetic data cooperative

Leading generative AI firm, Hazy, and Open Banking data ownership platform, Unbanx, announced today the launch of the first ethical data cooperative comprising synthetically generated financial transaction data.

/markets

KPMG forms AI innovation boosting partnership with Databricks

KPMG UK has formed a strategic alliance with Databricks, a leader in data and artificial intelligence. The alliance will help the firm’s clients get the most out of their data and AI and empower them to innovate at a faster pace.

/payments

Visa revamps Singapore innovation centre

Visa, a world leader in payments, today announced the opening of its transformed Singapore Innovation Center, a dedicated space for partners, clients and businesses in Asia Pacific.

/crypto

Whampoa Digital and Wemade form US$100 million strategic partnership for Web3 Fund and digital asset

Singapore-based Whampoa Digital and Wemade, a leading Korean gaming company, have entered into a strategic partnership to collaborate on a US$100 million Web3 Fund to be established by Wemade (Wemade Web3 Fund) as well as on digital asset initiatives in the Middle East.

/regulation

ESAs report on benefits and challenges of innovation hubs and sandboxes

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published a Report on innovation facilitators, a term encompassing innovation hubs and regulatory sandboxes.

/regulation

FinTech Scotland open Financial Regulation Innovation Lab

FinTech Scotland proudly announces the launch of the Financial Regulation Innovation Lab (FRIL) - a dynamic initiative set to revolutionise and shape the future regulatory landscapes in the UK and around the globe.

/payments

Visa to open innovation space in Hanoi

Visa, a world leader in digital payments, is proud to announce the opening of its Innovation Space at the groundbreaking National Innovation Center – Hoa Lac Hi-tech Park in Hanoi (NIC Hoa Lac).

/retail

Innovate Finance Autumn statement

Innovate Finance is the independent industry body that represents and advances the global FinTech community in the UK.

/people

Virtual reality firm appoints former Saxo Bank UK CEO

Spanish Virtual Reality company Virtualware (MLVIR.PA) has appointed Albert C. Maasland, former CEO of Crown Agents Bank and former CEO of Saxo Bank UK, to its International Advisory Board, in a decision that will reinforce the company's position as a leader in the immersive technologies industry.

/startups

Innovation Challenge connects fintechs from London to the Brazilian market

There is great synergy between Brazil and the United Kingdom in the area of innovation in financial services.

/startups

ADGM opens applications for annual innovation challenge

Abu Dhabi Global Market (ADGM), the leading international financial centre based in Abu Dhabi, is pleased to launch the latest edition of the annual Innovation Challenge.

/payments

Nexi and Jakala found CVM Martech Lab

Nexi, the European PayTech, in partnership with Jakala, the leading Italian Martech company, has founded CVM Martech Lab, the new Customer Value Management centre for the financial services sector, which aims to provide banks and fintechs with the best data science, marketing know-how and technologies for CVM development, through solutions that leverage the key role of digital payments in customer engagement.

/wholesale

European Commission opens blockchain regulatory sandbox

The European Commission today launched a regulatory sandbox for innovative use cases involving Distributed Ledger Technologies (DLT).

/retail

Sella Group receives 117 applications for metaverse acceleration programme

There are 117 projects nominated to participate in "Metaverse 4 Finance", the first Italian Web3 acceleration program - promoted by the Sella group and implemented by its Venture Incubator dpixel in collaboration with the Global Partner VISA.

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