Innovation

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/Innovation

Fintech Scotland connects with New Zealand counterpart

Things are moving at pace at FinTech Scotland in 2018.

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Zurich opens UK Innovation Foundry

Today sees the launch of Zurich’s UK Innovation Foundry. The new initiative which will tackle the ever changing customer demands as well as embedding a clear culture of innovation throughout the insurer – from the initial ‘spark’ of inspiration to a full-scale roll out.

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NatWest to take over running of Entrepreneurial Spark hubs

NatWest has announced today that it has come to an agreement with Entrepreneurial Spark that will see the transition of its network of entrepreneur accelerator hubs to be 100% managed and run by the bank.

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FCA and CFTC sign fintech pact

The Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) have today signed an arrangement that commits the regulators to collaborating and supporting innovative firms through each other’s financial technology (FinTech) initiatives – LabCFTC and FCA Innovate.

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Silicon Valley Bank and First Data welcome new accelerator cohort

Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, and First Data (NYSE: FDC), a global leader in commerce-enabling technology, have selected five startups to participate in Class 7 of Commerce.Innovated., an accelerator designed to help commerce, payments, and fintech companies grow their businesses.

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Gold invesment app SendGold launches in Singapore

SendGold, a Gold-as-a-Service app that enables physical gold investment and payments in a digital environment, today announced the March 2018 launch of its app in Singapore.

/Innovation

Open APIs, digital onboarding and DLT feature in Russian central bank fintech plan

Bank of Russia approves Guidelines for Financial Technologies Development for 2018-2020.

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Singapore and Egypt bolster fintech co-operation

The Monetary Authority of Singapore (MAS) and the Central Bank of Egypt (CBE) signed an agreement to strengthen FinTech cooperation between the two countries on 6 February 2018.

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Innovate Finance unveils finalists for 2018 FinTech Pitch360

Innovate Finance, the UK membership association that represents global FinTech, today announced the finalists for its 2018 Pitch360 FinTech competition.

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SEI Codify welcomes second wave of incubator participants

SEI (NASDAQ:SEIC) today announced that five participants joined Codify, its London-based RegTech incubator.

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London Stock Exchange welcomes FCO/DIT European fintech mission

The Foreign & Commonwealth Office and Department for International Trade are delighted to accompany 52 innovative, high growth fintech companies from Europe & Israel on a 2 day programme showcasing the UK’s unique financial sector and the dynamic ecosystem for entrepreneurs.

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Maliyya selected for the Cloud10 Scalerator program of C5 Accelerate in Bahrain

Maliyya is happy to announce that it has been selected to participate at the Cloud10 Scalerator Program of C5 Accelerate in Bahrain.

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Singapore's FinLab opens accelerator programme for SMEs

The FinLab, a joint venture between United Overseas Bank Limited (UOB) and SGInnovate1, today announced the launch of the third cycle of its acceleration programme.

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Asia-Pacific fintech market to reach US$72 billion by 2020, finds Frost & Sullivan

Active support and initiatives by financial regulators such as the Monetary Authority of Singapore, Bank Negara Malaysia and Bank Indonesia has enabled the Asia-Pacific Fintech ecosystem to grow significantly in 2017.

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Applications open for Temenos Innovation Jam

Temenos (SIX: TEMN) today announces that applications are open for its 2018 Innovation Jam series, its competition to find the world’s best fintech start-up.

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Santander InnoVentures head Belinky takes new role

Banco Santander today appointed Mariano Belinky as Head of Santander Asset Management (‘SAM’).

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Ontario Securities Commission appoints Fintech Advisory Committee members

The Ontario Securities Commission (OSC) today announced new members of its Fintech Advisory Committee (FAC), which advises OSC staff on developments and trends in the fintech space, as well as the unique challenges encountered by innovative businesses in the securities industry.

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SixThirty on the hunt for fintech firms to join Spring portfolio

SixThirty, a global financial technology (FinTech) venture firm based in St. Louis, is seeking FinTech entrepreneurs from around the world to join its Spring 2018 portfolio and participate in its updated go-to-market program – SixThirty 2.0.

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Innovate Finance and National Internet Finance Association of China sign MoU

Innovate Finance, the UK membership association that represents global FinTech, and the National Internet Finance Association of China (NIFA), China’s national self-regulatory organisation for FinTech, today announced the signing of a Memorandum of Understanding (MoU) to cooperate on supporting and promoting the UK and China’s leading FinTech hubs and member firms.

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Thomson Reuters sees divergence in regulatory reforms as firms race to harness tech

Ten years after the financial crisis, the resulting push for global regulatory harmony is giving way to divergent stances on the need for compliance, as long-awaited major reforms take effect in the EU, while in the U.S. the Trump Administration rolls out its deregulatory agenda set a year ago.