Innovation

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/startups

India to run two-day global virtual fintech fest

Internet and Mobile Association of India [IAMAI], and its sister organisations, Payments Council of India, [PCI] and Fintech Convergence Council [FCC] are jointly organising the two-day virtual Global FinTech Festival on 22-23 July 2020.

/startups

FIS selects ten startups for 20202 accelerator programme

Financial technology leader FIS (NYSE: FIS) and The Venture Center have announced the ten companies selected to participate in the 2020 FIS Fintech Accelerator program.

/startups

London named one of the world’s leading startup ecosystems

London has one of the world’s most favourable ecosystems to build a globally successful startup according to latest data from Startup Genome’s The Global Startup Ecosystem Report 2020.

/startups

Five women-led startups selected for inaugural 1871/BMO accelerator

1871 and BMO Harris Bank are proud to announce the five participating companies selected to join WMN•FINtech on June 15, 2020.

/startups

CCAF, World Bank and the World Economic Forum investigate Covid-19's impact on global fintech

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School is partnering with the World Bank Group and the World Economic Forum to launch a Global Covid-19 FinTech Market Rapid Assessment Survey. The empirical data collected will be used to understand Covid-19’s impact on the FinTech markets, how the global FinTech industry has responded and some of the immediate regulatory and policy implications.

/startups

Citi joins Restarting Together post-Covid innovation programme

Airbus BizLab, BASF, Boston Consulting Group, CEMEX, Citi, Endeavor, IDB Lab, IE, IESE Business School, Microsoft for Startups, South Summit and Telefonica announced today the launch of Restarting Together, a global challenge that seeks to boost innovative projects after the impact of COVID-19.

/startups

VTB and Skolkovo Foundation form IT partnership

VTB Bank and the Skolkovo Foundation have signed a partnership agreement in the information technology sector.

/people

BIS appoints Bénédicte Noella Nolens from SC Ventures to run HK innovation hub

The Bank for International Settlements (BIS) today announced the appointment of Bénédicte Noella Nolens as head of the BIS Innovation Hub Centre in Hong Kong SAR for a three-year term from 1 July 2020.

/startups

Credit Kudos joins PwC fintech ecosystem

Credit Kudos is today announced as one of the key Fintechs working together with PwC to build the digital banking ecosystem sandbox platform – a PwC project to demonstrate the ease of shifting a legacy bank model to a partnership banking model.

/startups

Bank of America signs on as founding corporate sponsor of SciTech Scity Innovation Campus

Liberty Science Center (LSC) announced today that Bank of America has signed on as a Founding Corporate Sponsor of SciTech Scity, LSC’s planned 30-acre innovation campus that will launch and grow dozens of world-changing science and technology companies and reimagine K-12 science education.

/startups

Wells Fargo Innovation Icubator ramps up funding for cleantech startups

The Wells Fargo Innovation Incubator (IN2) today announced that it has accelerated its awards program to provide $900,000 to help cleantech and sustainable agriculture startups retain staff and stay on track to bring their potentially game-changing solutions to market in the face of impacts due to COVID-19.

/devops

Kings College London scoops financial app competition prize

The Investing and Saving Alliance (TISA), the UK’s cross-industry financial services membership body, has announced the winners of its Savings Culture Marketing Competition for university students, a pilot initiative aimed at strengthening the UK’s savings culture through technology-driven solutions.

/startups

Visa boasts of fintech Fast Track success

Fintechs are a central part of the global payments ecosystem, and amidst COVID-19 have launched further into the spotlight, reporting sizable upticks in the usage of their apps1, as more people manage their money from their personal devices.

/retail

Bank of America funds data analytics lab at Converse College

Bank of America has awarded $145,000 to Converse College in support of the college’s new data analytics program.

/retail

Thought Machine’s creative arm, Cauldron, partners with design studio ustwo

Thought Machine’s internal design studio, Cauldron, has announced a partnership with ustwo to combine their individual strengths and experience and bring them to bear in financial services and banking innovation.

/payments

Contactless payment ring provider K Wearables migrates to Moorwand for issuing services

Moorwand, a BIN sponsor, issuer and acquirer that transforms compliance into an enabler of innovation, today announced that it has been selected by wearables payment company, K Wearables, to provide issuing, BIN Sponsorship and digital banking services for its innovative contactless payment ring.

/Innovation

Nesta unveils winners of community lender credit challenge

Three partnerships between community lenders and fintechs have secured a cash prize of £200,000 each for developing innovative solutions that make credit more accessible and affordable, particularly for the most vulnerable.

/devops

Philippines student team wins Finastra’s global hackathon

Finastra has crowned Team ‘WonderTech’ the grand prize winner of its largest ever global fintech hackathon on its open development platform, FusionFabric.cloud.

/Innovation

MatchMove opens Fintech Academy

MatchMove, Singapore’s-leading digital native Application Programming Interface (API) led ‘Banking-as-a-service’ platform provider, today announced the set-up of the MatchMove FinTech Academy, to offer specialized training programs to students, professionals as well as the silver generation.

/Innovation

AIB innovation events go digital in face of Coronavirus epidemic

AIB will now conduct elements of its Future Sparks Festival event online following recent warnings over COVID-19 (Coronavirus).

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