Innovation

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/Innovation

SuperCharger fintech accelerator unveils 10 finalists

The SuperCharger FinTech Accelerator programme kicked off its 12-week programme today by introducing 10 international start-ups as the finalists for this platform.

/Innovation

Abu Dhabi Islamic Bank joins local fintech hub

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, today marked a new partnership with Abu Dhabi Islamic Bank (ADIB), a leading financial institution, to seek opportunities to collaborate and consult on initiatives to promote the growth and development of the FinTech ecosystem in Abu Dhabi and the UAE.

/Innovation

Infosys Finacle partners with ToneTag to offer sound-based contactless payments

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), today announced a partnership with ToneTag, a provider of near-field communications, payments and location based services using sound waves.

/Innovation

Skills shortage impeding effectiveness of new tech in risk management

A new study by Accenture (NYSE: ACN) found that, while large financial institutions have made progress applying smart technologies like cloud, biometrics, and big data analytics to their risk management functions, two-thirds (66 percent) of executives say skills deficiencies are impeding the effectiveness of the function as these technologies evolve.

/Innovation

Swisscom sets up blockchain subsidiary

Blockchains are a new form of database. The technology initially acquired renown as the basis for virtual currencies such as bitcoin. Yet in the years to come, it will also revolutionise industry and administration.

/Innovation

FCA inks fintech pact with Hong Kong Insurance Authority

The Financial Conduct Authority (FCA) announces today that it has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) to enhance collaboration in supporting Fintech innovation.

/Innovation

Mobile money takes off in Europe - Visa research

Uptake of mobile devices to manage money, conduct banking and make payments is greater than ever, as 77% of Europeans now use their mobile devices to keep track of their finances and make everyday payments such as bills, parking and going out.

/Innovation

Financial regulators in Japan and Abu Dhabi seal fintech co-operation agreement

The Financial Services Agency of Japan (‘FSA’) and the Financial Services Regulatory Authority (‘FSRA’) of Abu Dhabi Global Market (‘ADGM’) today announced the completion of a framework for co-operation to promote innovation in financial services in Japan and ADGM.

/Innovation

Cyberport and HKMA lead fintech delegation to London

Hong Kong Cyberport (Cyberport) and the Hong Kong Monetary Authority (HKMA) bring the largest FinTech delegation to London from 19 to 21 September to expand partnership network for FinTech industry players between the two cities.

/Innovation

RBS remedial package approved by European Commission

RBS has received confirmation that an alternative remedies package announced on 26 July 2017 (the “Alternative Remedies Package”), regarding the business previously described as Williams & Glyn, has now been formally approved by the European Commission (“EC”) in the form proposed.

/Innovation

Browsers on board for W3C Payment Request API

The World Wide Web Consortium (W3C) today called for broad implementation and testing of Web technologies to make online checkout easier for users and improve conversions and security for merchants.

/Innovation

Abu Dhabi Global Market shortlists 11 startups for fintech innovation challenge

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, in collaboration with KPMG, announced that 11 outstanding global FinTech firms have been shortlisted for the inaugural FinTech Abu Dhabi Innovation Challenge in October.

/Innovation

Alpha Payments Cloud rebrands as Alpha Fintech

Alpha Payments Cloud is unveiling its comprehensive rebranding and new corporate identity as Alpha Fintech.

/Innovation

Detroit seeks fintech hub status

The Detroit Fintech Association (DetroitFinTech.org) today announced plans to cement Detroit as a hub for FinTech innovation and to grow the existing culture of technology-driven financial services through a campaign raising awareness of the incredible financial technology hub that is forming in the city.

/Innovation

94% of people in financial services suspect colleagues are bluffing about their fintech knowledge

A new study finds that so-called “FinTech experts” may not be as knowledgeable as they claim.

/Innovation

BNP Paribas Fintech Boost graduates share their outcomes at demo day

198 start-ups from around the world applied. In the end, only 11 were selected to experience 4 months of incubation with FinTech Boost, the open-innovation programme of L’Atelier BNP Paribas.

/Innovation

Malaysia establishes fintech bridges

Securities Commission Malaysia (SC) has signed series of innovation cooperation agreements – or ‘fintech bridges’ – with several regulators in major financial centres, in a move to spur greater cooperation in facilitating and regulating innovations emerging within the digital finance industry.

/Innovation

Japan Exchange Group publishes working paper on DLT tech trends

Japan Exchange Group, Inc. (JPX) today published JPX Working Paper, Vol.20 “The Trend of Exploring the Use of Distributed Ledger Technology in the Capital Market”.

/Innovation

FinTech Australia hails equity crowdfunding rule changes

FinTech Australia has welcomed significant changes to draft legislation allowing private companies to crowdfund equity, which will ensure investors are protected while at the same time delivering reduced costs and red tape for companies.

/Innovation

Korean fintech hub enteres MoU with Swiss counterpart

The FinTech Center of S.Korea (Chairman: Yushin Jung) held ‘the 20th FinTech Demo Day’. In the day's event, relevant personnel from the Financial Services Commission, Financial Supervisory Services and relevant organizations as well as overseas FinTech support organizations (VC, Accelerator, etc.) participated together and showed much interests and encouragements.

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