Latest Innovation News: Finextra Research

HSBC launches AI-powered equity index family

HSBC has teamed up with IBM Watson and artificial intelligence specialist EquBot to launch equity index products powered by AI and big data.

01 June 2020

News/retail

Banks worldwide warm to Open Banking

Research conducted among 774 banks worldwide reveals that 86% of global banks are looking to use APIs to enable Open Banking capabilities in the next 12 months.

26 May 2020

News/startups

Santander looks ahead to post-Covid innovation

Looking ahead to a world transformed by the Coronavirus outbreak, Banco Santander has launched the X Tomorrow Challenge to fund entrepreneurial projects dealing with the post Covid-19 fallout.

21 May 2020

News/regulation

G20 TechSprint Initiative invites firm to tackle regulatory challenges

The Saudi G20 Presidency and the Bank for International Settlements (BIS) Innovation Hub are launching a virtual hackathon-style competition to find new technological ways to tackle financial regulatory compliance and supervision challenges.

29 April 2020

News/security

Trust remains integral to acceptance of AI by UK consumers

In response to the European Commission’s strategy for data released in February, Vikram Khurana, senior associate, Bristows LLC argues that “The EC is saying trust needs to be the bedrock of AI. If the industry can tackle this issue and build trustworthy AI systems, AI is more likely to be accepted and taken up by businesses and individuals.”

29 April 2020

News/startups

FIS sets up $150 million fintech venture fund

Financial technology company FIS has set up a venture arm with a goal of investing up to $150 million in promising fintech startups over the next three years.

28 April 2020

News/sustainable

Sustainable Finance Live to go virtual

Sustainable Finance Live, the series of workshops hosted by Finextra Research and Responsible Risk, is becoming a virtual event in response to the Coronavirus pandemic.

28 April 2020

News/wholesale

Singapore central bank backs Tradeteq quantum credit scoring project

London-based Tradeteq has received funding from Singapore's central bank on a project to develop quantum computing-based credit scoring methods for companies.

27 April 2020

News/devops

Pan-EU hackathon calls on fintechs to tackle Covid-19

The European Commission is to host a virtual pan-European hackathon this weekend in a bid to develop solutions to coronavirus-related challenges.

24 April 2020

News/retail

CaixaBank steps up quantum computing trials

CaixaBank is stepping up its experimental application of quantum computing in financial services, developing a machine learning algorithm to classify customers according to their credit risk.

17 April 2020

News/startups

Fintech accelerator Finance Forward extends deadline to startups working on Covid-19

Finance Forward, a fintech accelerator run by Village Capital, MetLife Foundation and PayPal, has extended the deadline for its European programme to accommodate startups working on Covid-19 applications.

16 April 2020

News/payments

Second-hand clothing meets wearable payments

Sustainable payment wearables will be created when tech and recycled materials meet in a project between Sweden's Fidesmo and Eskilstuna Folk High School this Spring.

07 April 2020

News/startups

Standard Chartered challenges startups to deliver an automated call centre service

Standard Chartered has put out a call to tender to fintech startups for a machine learning prototype capable of reducing the handling time for both inbound and outbound traffic through its call centres

30 March 2020

News/Innovation

ING invests in natural language proccesor Eigen Technologies

ING has contributed EUR4.5 million to a $42 million funding round in natural language processing vendor Eigen Technologies.

13 March 2020

News/Innovation

FS industry transitioning to banking-as-a-platform model - Barclays research

The era of competition between banks and fintechs is over, with connectivity now seen as the key to a new financial services ecosystem where the 'banking-as-a-platform' model dominates, according to a report from Barclays.

13 March 2020

News/Innovation

Fintech jobs market show healthy upward trend

Despite a year of political turbulence, 2019 saw a continued growth in demand for IT professionals in the UK fintech sector – with a 5.9% yearly rise in vacancies.

12 March 2020

News/Innovation

E-commerce firms to get helping hand into banking markets with Standard Chartered nexus

Standard Chartered is rolling out a new business platform that will help e-commerce firms shape loans, credit cards and savings products for their customers under their own brand name.

12 March 2020

News/startups

BBVA moves to get more out of fintech partnerships

BBVA is tweaking its Open Talent competition for startups as part of a wider realignment of its relationship with the fast-maturing fintech sector.

12 March 2020

News/Innovation

UK Budget puts fintech front and centre

The UK Government is to undertake a review of the country's booming fintech scene, promising increased funding and support for the sector in today's Budget statement.

11 March 2020

News/regulation

Spanish government passes sandbox bill

The Spanish government has approved draft legislation aimed at encouraging the digital transformation of the financial system through the establishment of a regulatory sandbox, where businesses can trial cutting-edge projects with real customers.

10 March 2020