Innovation

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/Innovation

Pillar Token sale raises $21 million for personal data locker

The 60-hour Pillar Token sale, (which closed at about 9:00 PM UK-time on Monday July 17) run by Twenty Thirty), the Swiss blockchain innovation company, has raised 113,674 Ether, valued at $21.21 million with 13,446 transactions, making the average transaction 8.45 Ether (about $1,500).

/Innovation

Oz Forensics, Scorista and talkbank win Innotribe’s 2017 Startup Challenge for Russia

Innotribe’s Startup Challenge attendees selected the three most promising Russian FinTech companies during its first ever showcase in the region.

/Innovation

Westpac opens $40,000 innovation challenge for professional services sector

Those with a bold vision or bright idea for the future of the professional services sector are invited to enter the prestigious annual Westpac Innovation Challenge, for the chance to win AU$40,000 and professional support to take their idea to the next level.

/Innovation

Dubai bodies team on Islamic fintech initiatives

Dubai International Financial Centre (DIFC), the leading financial hub in the $7.4 trillion Middle East, Africa and South Asia (MEASA) region, signed a Memorandum of Understanding (MoU) with Dubai Islamic Economy Development Centre (DIEDC), as part of its commitment to Islamic finance under the DIFC 2024 Strategy and in line with the vision of ‘Dubai: The Capital of Islamic Economy’.

/Innovation

High street banks face growing threat from technology giants, warns new study

GAFA (Google, Apple, Facebook and Amazon) companies could pose a significantly greater threat to traditional retail banks than existing ‘challenger’ banks and fintech start-ups, according to new research.

/Innovation

Australian Payments Council to run two-day hackathon

The Australian Payments Council, which counts the country’s largest financial institutions among its members, will host a data sharing hackathon between 11th and 13th August 2017 in two locations: Stone & Chalk in Sydney and Cognizant’s Collaboratory in Melbourne.

/Innovation

Thailand and Singapore build fintech bridge

The Bank of Thailand (BOT) and the Monetary Authority of Singapore (MAS) today signed a FinTech Cooperation Agreement (CA) and updated an existing Memorandum of Understanding (MOU) on Banking Supervision.

/Innovation

Swiss Federal Council puts new fintech rules into force

During its meeting on 5 July 2017, the Federal Council adopted an amendment of the Banking Ordinance.

/Innovation

Isme Ace holds out promise of $100,000 in seed funding for startups joing Indian accelerator

ISME ACE – India’s largest fintech accelerator aims to on board up to 12 startups in September this year. The accelerator has begun accepting applications for the first cohort and select startups stand to get up to $100,000 in seed funding, and so much more.

/Innovation

Innotribe selects ten firms for Russian startup challenge

Working in close collaboration with Innotribe, over one hundred judges from across the financial, technology, and investment communities evaluated over 40 applications received for the first edition of the Startup Challenge for Russia.

/Innovation

London tech scene shrugs off Brexit fears as record levels of capital roll in

Record levels of venture capital investment at the start of 2017 has helped London retain its crown as Europe’s number one tech hub for global investors, according to new data from London & Partners, the Mayor of London’s promotional agency.

/Innovation

Deloitte partners Waves in bid to shape the future of blockchain

Deloitte CIS and Waves Platform, a leading developer of blockchain solutions, signed a memorandum on strategic partnership.

/Innovation

Previse secures £2 million seed funding for AI-based instant B2B payments service for SMEs

Previse, a fintech start-up, announces the successful completion of a seed funding round worth £2 million.

/Innovation

MortgageGym appoints former operating chief of Deutsche Bank as adviser

MortgageGym.com, the world’s first regulated mortgage robo-adviser, is pleased to announce that Henry Ritchotte, former Chief Operating Officer and member of the management board of Deutsche Bank AG, has joined with immediate effect as investor and adviser to the company.

/Innovation

Abu Dhabi forges Asian fintech partnership

The Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Authority) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) entered into a new partnership to further develop and promote closer investment and financial innovation opportunities and collaborations for enterprises in Qianhai, Hong Kong and Abu Dhabi.

/Innovation

Don't fear the rise of the robots, says UK tech sector

Despite fears that the introduction of artificial intelligence (AI) and robotics into the workforce will usurp jobs, 85 percent of tech experts believe they will have a positive effect on the UK economy within the next five years, according to research from Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses, enterprises and their investors.

/Innovation

Bank of Ireland hosts startlab demo day

Bank of Ireland startlab in Galway hosted its third “Demo Day” today in Eyre Square.

/Innovation

WEF calls for corporate consensus on blockchain

Blockchain, or distributed ledger technology, could soon give rise to a new internet era even more disruptive and transformative than the current one, according to a white paper, Realizing the Potential of Blockchain, published by the World Economic Forum today.

/Innovation

Singapore and Denmark sign fintech pact

The Monetary Authority of Singapore (MAS) and the Danish Financial Supervisory Authority (Danish FSA) yesterday signed a FinTech Co-operation Agreement which aims to help FinTech companies in Singapore and Denmark to expand into each other’s markets.

/Innovation

International RegTech Association formed

Incorporated in Switzerland on May 16, 2017, the non-profit International RegTech Association (IRTA) is a united community of individuals and organizations, with a shared vision to innovate, advance, and influence the future of Regulatory Technology (RegTech).

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