Innovation

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Singapore kicks off week-long fintech festival

Organised by the Monetary Authority of Singapore (MAS), in partnership with The Association of Banks in Singapore (ABS) and in collaboration with SingEx Holdings, the second edition of the Singapore FinTech Festival kicked off today.

/Innovation

DFSA grants innovation testing licence to Sarwa Digital Wealth

The Dubai Financial Services Authority (DFSA) today granted Sarwa Digital Wealth Limited (Sarwa), an automated investment advice service, in-principle approval for its Innovation Testing Licence (ITL).

/Innovation

Icici initiates money transfers with Siri

ICICI Bank, India’s largest private sector bank by consolidated assets, today announced the launch of India’s first voice-based international remittance service to enable non-resident Indians (NRIs) to send money to any bank in India.

/Innovation

Ron Spector appointed as ANZ's lead for new business, emerging tech and ventures

ANZ today announced it has appointed Ron Spector as Managing Director, New Business, Emerging Technology and Ventures, reporting to Group Executive Digital Banking Maile Carnegie.

/Innovation

Innovate UK moves into startup lending

Small businesses with ground breaking ideas will be able to access new innovation loans from today, Innovate UK has announced.

/Innovation

Canada's Competition Bureau seeks feedback on fintech report

As part of its commitment to engage with Canadians on emerging issues, the Competition Bureau has published a draft report on its market study concerning technology‑led innovation in the Canadian financial services (FinTech) sector.

/Innovation

SocGen kicks off UK Innovation Week

Societe Generale today launched its very first Innovation Week in the UK, which will bring together staff, experts from the industry, and FinTechs to have open discussions to encourage collaboration, the sharing of ideas, as well as emerging opportunities.

/Innovation

China and Australia to co-operate on fintech

The China Securities Regulatory Commission ('CSRC') and Australian Securities and Investments Commission ('ASIC') have entered into an agreement to promote innovation in financial services in their respective markets.

/Innovation

Suncorp deploys IBM Watson to process motor claims

Leading Australian insurer Suncorp today announced it has successfully integrated IBM (NYSE: IBM) Watson artificial intelligence technology into its online claims process.

/Innovation

BNP Paribas insurance arm invests in blockchain startup Stratumn

Stratumn, a leading provider of network solutions securing processes between enterprises and their stakeholders through blockchain technology and advanced cryptography, announces today a raising from C. Entrepreneurs, the venture capital fund created by the insurer BNP Paribas Cardif in partnership with Cathay Innovation, as part of its extended Series A funding.

/Innovation

Blockchain startup Zilliqa adds banking veterans to advisory board

Zilliqa, an anticipated high-speed Blockchain platform created by researchers at the National University of Singapore, has announced that Alexander Lipton, CEO of Stronghold Labs, and Stuart Prior, a fintech veteran with 20+ years of experience in Corporate and Investment banking technology, have joined the project as senior advisors.

/Innovation

Singapore puts fintech innovation at heart of growth strategy

The Monetary Authority of Singapore (MAS) today released the industry transformation map (ITM) for financial services, which outlined growth strategies by business lines, programmes for upgrading skills, and an agenda for continuous innovation and technology adoption.

/Innovation

Fintech Australia publishes ecosystem map

FinTech Australia has published a new member ecosystem map which illustrates the extraordinary growth in Australia’s fintech industry in just four months.

/Innovation

Australian and Swiss watchdogs ink fintech pact

On 18 October 2017, the Australian Securities and Investments Commission (ASIC) and the Swiss Financial Markets Authority (FINMA) entered a new agreement to cooperate on innovation in the financial sector.

/Innovation

Hong Kong fintech association partners with Singaporean, Swiss and Taiwanese hubs

The FinTech Association of Hong Kong (FTAHK) has signed three separate Memoranda of Understanding with the Singapore FinTech Association, the Swiss Finance + Technology Association and the Taiwan FinTech Industry Development Association.

/Innovation

ABN Amro discontinues Gradefix innovation initiative

Last year ABN AMRO started an innovation initiative called Gradefix, a service used for making analyses and risk assessments of clients.

/Innovation

Oval Money links savings with social media activity on Facebook

Oval Money, a leading savings and financial education app, is launching a first-ofits-kind integration with Facebook, allowing users to contribute to their savings each time they post on social media.

/Innovation

Fintech startup Trezeo wins NDRC Investor Day, in partnership with Bank of Ireland

A highly innovative digital startup Trezeo is the winner of NDRC Investor Day Autumn 2017, securing €30,000 in follow-on investment from the country’s most successful digital accelerator and early stage investor.

/Innovation

Fidor to open digital finance marketplace

Tying in with Money 2020 USA this week, Fidor, the innovative provider of digital banking solutions, today signed a partnership agreement with Eight Inc., the strategic design and innovation firm renowned for bringing transformative innovation to leading brands.

/Innovation

Temenos to provide sandbox for startups at Abu Dhabi Innovation Centre

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and Temenos (SIX: TEMN), the software specialist for banking and finance, have announced their intention to collaborate and strengthen the FinTech ecosystem in Abu Dhabi, following the unveiling of ADGM’s Innovation Centre at the FinTech Abu Dhabi Summit on 23 October.

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