Innovation

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/Innovation

RegTechs join Accenture's Fintech Innovation Lab London cohort

RegTechs, start-ups offering technology solutions for financial firms’ regulatory challenges, will join Accenture’s sixth FinTech Innovation Lab London in their own dedicated stream for the first time.

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PumaPay Protocol bids to enable merchants to process cryptocurrencies

Decentralized Vision, the blockchain company creating a payment protocol that combines the benefits of traditional billing systems and blockchain technology, announces today the launch of its PumaPay Protocol; an all-in-one solution that overcomes existing blockchain payment limitations and offers robust billing mechanisms for e-commerce, online services and traditional merchants.

/Innovation

BBVA reaches digital tipping point in Spain

BBVA has reached an important milestone in its continued drive towards technology focussed banking, with a key digital tipping point reached in Spain.

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Moven's Brett King joins cryptobank Nebeus as advisor and shareholder

Following its successful pre-ICO campaign last month, CryptoBank and blockchain lender, Nebeus, welcomes the man known as the “King of the Disruptors”, Brett King, as advisor and shareholder.

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Blockchain Centre Vilnius courts UK firms

Lithuania is actively courting UK fintech and blockchain start-ups who want to retain the EU single market access in the event of a hard Brexit.

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Payments Canada releases detailed future view of Canadian payments

Payments Canada today issued an in-depth view of the target end state for payment system modernization in Canada, including the infrastructure, rules and standards that will benefit Canadians and businesses from coast-to-coast.

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ForgeRock selected to provide reference bank application for compliance with Open Banking

ForgeRock, the leading platform provider of digital identity management solutions, today announced that it has been selected by the Open Banking Implementation Entity to provide a Reference Bank Application, which will be used by leading banks and third parties to build their own applications in accordance with Open Banking standards.

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Santander digital lead Lindsey Argalis nominated as non-executive director Santander UK

Santander UK announces the appointment of Lindsey Argalas as a Banco Santander, S.A. nominated Non-Executive Director of Santander UK with effect from 1 January 2018.

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Securities Commission Malaysia opens sandbox for alternative trading systems

The Securities Commission Malaysia (SC) today announced that parties interested in establishing and operating an Alternative Trading System (ATS) in Malaysia can apply to participate in regulatory sandbox sessions under the SC’s FinTech Innovation Lab (aFINity - alliance of FinTech community).

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Ripple launches infrastructure innovation initiative

While the market has been focused on the bitcoin frenzy and commercial banks continue their migration onto enterprise-grade platforms, such as RippleNet, another revolution has quietly bubbled up around Distributed Ledger Technology (DLT).

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Canadian competition watchdog publishes fintech market report

The Competition Bureau has published the final report from its market study concerning technology-led innovation in the Canadian financial services sector.

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NTT Data joins Bank of England accelerator

NTT DATA, a leading consulting and IT services provider, has secured a place in the Bank of England’s (BoE) highly regarded FinTech Accelerator programme.

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Dear Prudence: Prudential launches AI-powered chatbot

Prudential Hong Kong Limited (“Prudential”) today announced two new additions to its digital transformation line-up that harness automation, artificial intelligence (AI), machine learning and other technological innovations in order to provide a more personalised and accessible experience to customers.

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RBS creates mortgage innovation role; appoints Dan Salmons

A new Director of Mortgage Innovations has been appointed by RBS.

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Regulatory pathway for new banking entrants is welcome but could be improved: FinTech Australia

A proposed new regulatory pathway to allow the creation of Australian challenger banks is a welcome move but does require some improvements, according to the peak body for the nation’s fintech industry.

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Tucson FCU embeds video tellers at the drive-thru

NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that Tucson FCU has kicked off a project to transform the drive-thru experience at multiple branch locations in Arizona.

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FinTech Indonesia signs collaboration agreement with FinTech Australia

The peak financial technology (fintech) industry bodies in Indonesia and Australia have signed a landmark agreement to help drive exchanges of talent and expertise between the two growing fintech markets.

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Israel and Singapore fintech hubs sign MoU

The Singapore FinTech Association (SFA) and the Israeli City TLV association have inked a Memorandum of Understanding (MOU) to foster greater FinTech co-operation between the two communities.

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Luxembourg Bankers’ Association welcomes first six firms to Fintech Service Pack

The Luxembourg Bankers’ Association (ABBL) and its Digital Banking and FinTech Innovation (DBFI) Cluster launched recently the FinTech Service Pack that provides an opportunity for deeper cooperation between ABBL members and FinTech firms.

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NAB doubles down on innovation hub investment

NAB will more than double its investment into its innovation hub, NAB Labs, as well as increasing the NAB Labs workforce by 70 per cent in 2018, as it continues to deliver new experiences for customers.