Innovation

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Utah to open fintech sandbox

Francine A. Giani, Executive Director of the Utah Department of Commerce and Utah Representative Marc Roberts (R-Provo) announced today that the state agency is launching the nation’s 2nd ever Regulatory Sandbox based on H.B. 378.

/Innovation

EBA reports on the impact of fintech on payments business

The European Banking Authority (EBA) published today a thematic Report on the impact of FinTech on payment institutions' (PIs) and electronic money institutions' (EMIs) business models.

/Innovation

Fujitsu develops digital identity technology to evaluate trustworthiness in online transactions

Fujitsu Laboratories Ltd. today announced that it has developed a digital identity exchange technology that makes it possible for individual users and service businesses involved in online transactions to confirm the identity of other parties in transactions.

/Innovation

AIFCA and Fidor Solutions sign MoU to drive fintech innovation in Central Asia

Astana International Financial Centre (AIFC) and Fidor Solutions today signed a memorandum of understanding (MoU) to launch fintech programmes in Kazakhstan and promote economic development across Central Asia.

/ai

Financial services customers set to embrace AI but human contact still vital

Customers in the UK are embracing the use of AI driven financial services (FS), with 63% happy to use chatbots for everyday queries and over a third preferring an instant response from a chatbot over a delayed one from a human.

/Innovation

EBRD to support Swedbank Lithuania startup hub

The EBRD is supporting Swedbank Lithuania in the development of a successful innovation hub that fosters technological solutions in the country and more widely in the region.

/startups

Flagstar Bank and Detroit FinTech Bay launch mortgage tech accelerator

Flagstar Bank and Detroit FinTech Bay today announced the launch of the Flagstar Mortgage Tech Accelerator Program, which focuses on early stage startups active in developing innovative technology solutions for the mortgage industry.

/startups

Stone & Chalk to open Adelaide outpost, expands into spacetech

Asia’s largest fintech innovation hub, Stone & Chalk, is partnering with the South Australian Government to establish a start-up hub at Lot Fourteen, the largest innovation precinct in the Southern Hemisphere on the seven-hectare former Royal Adelaide Hospital site.

/startups

Mena Fintech Association launches

MENA Fintech Association (MFTA), an inclusive, not for profit organization that aims at fostering an open dialogue for the MENA fintech community, formally launched yesterday at an exclusive event held at Abu Dhabi Global Market (ADGM).

/Innovation

JP Morgan launches cross-border digital payments in China

The leading global financial institution J.P. Morgan today announced the launch of E-Customs Payment Solution, making it the first foreign bank in China to offer a solution that fully digitizes and automates cross-border payments of goods. The solution solves common pain points associated with the manual nature of such transactions.

/Innovation

CISI and MThree partner for fintech graduate programme

Global consultancy MThree has agreed a partnership with the Chartered Institute for Securities & Investment (CISI) which will support the UK financial services professional talent pipeline.

/Innovation

JSTA and Securitize collaborate on digital securities in Japan

The Japan Security Token Association (JSTA), a Japanese organization focused on advocating for a compliant Digital Securities industry, and Securitize, which delivers trusted global solutions for compliant digital securities including issuance and lifecycle management, are collaborating to accelerate the adoption of Digital Securities in Japan.

/Innovation

UOB takes The FinLab to Malaysia

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) today launched a business transformation programme, the “Jom Transform Programme”, to help businesses in Malaysia adopt technology to drive productivity and growth.

/startups

Citi issues call for entries to Mena Fintech Challenge

Citi announced today the launch of the Citi Middle East and North Africa (MENA) Fintech Challenge.

/devops

DBS seeks paradigm shift from global hackathon

DBS Bank today announced the launch of a global hackathon that has attracted over 1,000 participants across 25 markets including Brazil, Germany and the US. Called Paradigm Shift, the hackathon focuses on building a customer-centric approach to developing new cutting-edge services for today’s digitally-savvy customers.

/Innovation

Commcise launches cloud-based investment research platform

Commcise, the award-winning provider of integrated commission management, research evaluation and reporting solutions for investment management and brokerage firms, today announced the launch of COMMCISECS to support client strategy teams within the research provider community.

/Innovation

Liquidnet makes AI acquisition

Liquidnet, the global institutional investment network, continues its expansion of its artificial intelligence (AI) investment analytics platform with the acquisition of Prattle, a leading provider of automated investment research solutions for portfolio managers, research analysts, and other financial professionals.

/Innovation

Banks see benefit of digitalisation as they strive for profitability - report

The European banking industry continued to struggle with structural earnings problems in 2018

/Innovation

Judo Bank selects Unifii's digital banking platform

Unifii’s Digital Experience Platform has been selected by Judo Bank, the first SME focused bank operating in Australia, to enable cutting-edge face-to-face relationship banking that will shake up Australia’s banking status quo.

/Innovation

89% of merchants 'primed for open banking' says Nuapay research

Eighty-nine percent of airline, supermarket and subscription economy merchants are primed for Open Banking and have assessed the impact it will have on their business a new piece of research commissioned by Nuapay, a Sentenial company, has revealed.

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