Innovation

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/Innovation

Capgemini and ascribe team on blockchain database for banking loyalty rewards

Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, today announced an alliance with ascribe GmbH to develop a blockchain database solution built on BigchainDB[1], for a rewards and loyalty system for consumer banking that tracks processed transactions in real-time.

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SmartStream launches innovation lab

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) specialist, today announced the launch of its SmartLabs innovation centre, and the release of its first solution TLM SmartRecs OnDemand.

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Demand for contract and permanent hires hits all-time high in UK fintech sector

Demand for contract and permanent hires is increasing rapidly among UK fintech companies, according to new research from recruitment finance provider, Sonovate.

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RBS deploys Red Hat tech at Open Experience Centre

Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that Royal Bank of Scotland is powering its new Open Experience center with Red Hat technologies, including the Red Hat Mobile Application Platform and OpenShift Enterprise, Red Hat's web-scale container application platform.

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Silicon Valley Bank commits an additional $100M to Irish innovation sector

Silicon Valley Bank, the bank of the world’s most innovative businesses and their investors, today announced a continued collaborative relationship with the Ireland Strategic Investment Fund, aimed at supporting the technology economy in Ireland.

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Money-changing app, Curren$eek, wins the Asean Fintech Challenge

Curren$eek, a smartphone app that tells users where to find the best money-changer rates, won the Visa and Association of Islamic Banking Institutions Malaysia (AIBIM)’s Asean Fintech Challenge in a tightly-fought contest for financial technology start-ups.

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African incubator AlphaCode partners with Envestnet/Yodlee

Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced a strategic partnership with AlphaCode, a collaborative club for next generation financial services entrepreneurs in South Africa.

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Abu Dhabi consults on fintech 'RegLab'

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) today published a public consultation paper setting out its proposal for a “Regulatory Laboratory” (“RegLab”), a tailored framework that allows firms deploying innovative technology in the financial services sector (“FinTech participants”) to conduct their activities in a controlled and cost-effective environment.

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Mesfix wins Santander InnoVenture's Pitch Slam in Sao Paulo

Santander InnoVentures, the fintech venture capital fund of Santander Group, in partnership with IE Business School and Accenture, yesterday declared Mesfix – a crowdfactoring marketplace for small and medium-sized enterprises as winners of the ‘Pitch Slam’ competition at the third Fintech Venture Day, held in São Paulo.

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Data61 and Australian Treasury to examine blockchain technology potential

CSIRO’s Data61 will undertake a review to fully examine the far-reaching potential and implications for both government and industry of the adoption of ‘blockchain’ technology.

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IrisGuard rolls out 'EyePay' POS

Today; IrisGuard released worldwide it's amazing innovative EyePay(r) Point-of-Sale Terminal (POS), the world's first retail store payment system that utilizes Iris recognition as the single payment modality for all your purchases, without requiring a card, pin, phone or token.

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FDIC seeks feedback on mobile financial inclusion

The Federal Deposit Insurance Corporation (FDIC) is seeking input from financial institutions, consumer groups and other stakeholders on its proposed efforts for exploring the potential of mobile financial services (MFS) to bring the underserved into the mainstream banking system.

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Australian Government to stop double-taxation of digital currencies; apply AML regulation

The Australian Government is committed to fostering innovation in Australian businesses – and the FinTech industry is integral to this goal.

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Barclays onboard as Innovate UK awards £175,000 to startups aiming to revamp retail industry

Banking, food waste and fashion will all receive a boost today, as the winners of Innovate UK’s Future Retail Innovation contest are revealed. Five startups have been awarded up to £35,000 through the IC tomorrow programme.

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Personetics ships social chatbots for banking interactions

Personetics, the leading provider of personalized digital guidance solutions for the financial industry, announced the launch of Personetics Anywhere chatbot, providing a new way for financial institutions to offer customers personalized assistance and guidance using messaging platforms such as Facebook Messenger.

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RocketSpace to open campus for tech startups in former RBS building

RocketSpace today announced plans to open a state-of-the-art campus in London, designed specifically for high-growth tech startups.

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Seven startups to compete in Visa & AIBIM’s Asean Fintech Challenge

A total of seven fintech startups will compete in the semifinals of the Visa and the Association of Islamic Banking Institutions Malaysia (AIBIM)’s ASEAN Fintech Challenge, held in conjunction with the Global Islamic Finance Forum 2016 (GIFF 5.0) from 10th to 12th May in Kuala Lumpur.

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Equity crowdfunding firm SyndicateRoom to open Series A round

SyndicateRoom, the equity crowdfunding platform which pioneered the investor-led model, today announces plans to open its Series A funding round for investors. The offer will open on SyndicateRoom’s platform on Tuesday 10 May at 09:00.

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New contactless communication technology uses light instead of NFC

An important technological breakthrough was announced today in Milan at VendItalia, the key trade fair for the vending sector worldwide.

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UK’s largest nationwide free tech accelerator programme launches

EMC will be providing training, coaching and mentorship on data management to the thousands of entrepreneurs resident at the RBS and Entrepreneurial Spark hatcheries.