Innovation

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/Innovation

Apiax releases new regtech tax product

Zurich-based RegTech startup Apiax’ new product allows banks and asset managers to factor the tax impact of financial instruments into their investment recommendations.

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World Bank raises $110 million with blockchain managed bond

The Commonwealth Bank (CBA) has helped its client, the World Bank, launch bond-i - the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology.

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Russian central bank to run sandbox workshop

On 29 August, the Bank of Russia’s Corporate University will hold a special workshop dedicated to the functioning of the regulatory sandbox.

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Royal Bank of Scotland welcomes tech pioneers to Edinburgh

RBS’ annual Disrupt conference is today (Thursday 16 August) welcoming a range of world leading tech pioneers, including the founder of the world wide web, Sir Tim Berners-Lee, to Edinburgh to discuss how technological innovation can be harnessed to address social needs.

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Insurance sector to trial blockchain tech for dispute resolution

The insurance sectors’ experiment with Blockchain technology is due to take place to help resolve disputes with car-liability claims in the pre-litigation phase.

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DevOps adoption will accelerate over the next two years in the financial services sector

New research commissioned by managed services provider Claranet has revealed that there is significant appetite for embracing a DevOps approach to services in the financial services sector, with many looking to scale up their efforts as part of a wider application-first philosophy.

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Manchester bids for fintech status

Manchester is positioned to take a major role in the fintech revolution, which has seen the UK outstrip the US in investment in the last six months, says one of the city’s top lawyers.

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Temenos to support Egypt's AUC Venture Lab

The Venture lab at The American University in Cairo (AUC Venture Lab), the leading university-based startup accelerator in Africa and the MENA region, and Temenos (SIX: TEMN), the banking software company, have announced their intention to collaborate and strengthen the fintech ecosystem in Cairo.

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Ecobank announces finalists of fintech challenge

Ecobank, the leading independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups.

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Singapore sets up education programme to retrain bankers for a digital world

Financial industry professionals can now seek skills upgrading, career advisory and job matching opportunities at the Institute of Banking and Finance’s (IBF) new career centre, IBF Careers Connect.

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We Deedit: Collaboration between University of Edinburgh and Tesco Bank aims to tackle social issues

A new digital experience that encourages members of the public to do good deeds throughout the Edinburgh festivals has been launched today with the aim of tackling social issues such as plastic pollution, litter and homelessness.

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OCC starts accepting fintech charter applications

The Office of the Comptroller of the Currency (OCC) today announced it will begin accepting applications for national bank charters from nondepository financial technology (fintech) companies engaged in the business of banking.

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Finra requests comment on fintech innovation in the broker-dealer industry

FINRA today issued a Special Notice seeking comment on how it can support financial technology (fintech) innovation consistent with its mission of investor protection and market integrity.

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Sberbank runs AI contest

Sberbank announces the beginning of the Classic AI competition as part of its project to develop artificial intelligence.

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Axis launches digital venture vehicle for InsurTech

AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS), today announced the launch of AXIS Digital Ventures, a new unit that will lead enterprise-wide efforts to partner with entrepreneurial companies focused on data and analytics with high value (re)insurance applications, new product opportunities including emerging risks, and new distribution and (re)insurance business models.

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Meet the eight startups selected for Accenture 2018 Latin American accelerator

Eight leading financial technology (fintech) companies have been selected for the fifth annual FinTech Innovation Lab Asia-Pacific, a 12-week mentorship program created by Accenture.

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Cyprus watchdog sets up innovation hub

The Cyprus Securities and Exchange Commission (the “CySEC”) is pleased to announce the establishment of its Innovation Hub, designed to address and explore the rise of FinTech and RegTech developments.

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FIA nabs Barclays' Rise as Innovators Pavilion partner

FIA today announced that Rise New York, created by Barclays, has joined the FIA Innovators Pavilion as a community partner. Rise New York will help FIA promote the Innovators Pavilion, FIA’s annual fintech showcase.

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Singapore Airlines rolls out blockchain-based digital loyalty wallet

The SIA Group’s KrisFlyer frequent-flyer programme today launched KrisPay, the miles-based digital wallet which enables members to convert KrisFlyer miles into KrisPay miles instantly for everyday spending at partner merchants island-wide.

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Ascent RegTech chosen for BMO Harris / 1871 Innovation Programme

Chicago—Ascent Technologies, Chicago—Ascent Technologies, a leading regulatory technology (regtech) company, has been chosen as one of four startups to take part in the BMO Harris / 1871 Innovation Program.