Latest Innovation News: Finextra Research

Quona closes $203m financial inclusion fintech fund

Quona Capital, a venture firm focused on financial inclusion in emerging markets, has closed its second fintech fund with $203 million in commitments, led by anchor investor Accion International.

09 March 2020

News/Innovation

Pope weighs in on AI ethics debate

The Pontiff is the latest public figure to offer an opinion on the ethics of using artificial intelligence (AI), issuing a set of principles on the use of new technology.

28 February 2020

News/sustainable

The Redsand Group to launch sustainable fintech fund

Founder and managing partner of The Redsand Group, Nicole Anderson, announced in a recent interview with Finextra TV that the group will launch a fund to work with the venture community to support fintech aimed at tackling sustainability across financial services through tools such as blockchain and tokenisation.

27 February 2020

News/Innovation

JPMorgan to pursue M&A strategy in face of Big Tech competition

JPMorgan chief Jamie Dimon says the bank will pursue an aggressive M&A strategy to see off the threats posed to its business by Big Tech giants and smaller fintechs.

26 February 2020

News/Innovation

Mastercard to recruit 1500 tech staff for new Dublin campus

Mastercard is to create over 1500 jobs in Dublin over the next three-to-five years, with the opening of a new tech campus in Leopardstown.

24 February 2020

News/Innovation

Bank of Singapore names Le Cotonnec chief data and innovation officer

Bank of Singapore has appointed Celine Le Cotonnec to the newly created position of chief data and innovation officer.

19 February 2020

News/Innovation

A Segment of One: The new reality

Consumers now have access to all the information they need to define, compare and select the financial products and services that best serve their individual needs.

14 February 2020

News/Innovation

Australia extends fintech sandbox remit after long wait

By passing the Treasury Laws Amendment (2018 Measures No. 2) Bill 2019 on Monday, the government has extended the scope and timeframe fintechs can spend on the existing framework.

12 February 2020

News/Innovation

EBAday 2020 to address 'the turning point in payments transformation'

Registration has opened for EBAday 2020, Europe's premier payments and transaction banking conference, taking place this year in The Hague between 19-20 May.

07 February 2020

News/Innovation

Investors unconvinced by banks' digital strategies

Only a quarter of investors are confident that financial services firms' digital transformation strategies will be effective, according to a report from Oliver Wyman.

06 February 2020

News/cloud

Goldman mulls industry-specific financial cloud

Goldman Sachs is weighing the potential to build an external cloud platform for use by other financial institutions, according to a memo seen by Yahoo Finance.

05 February 2020

News/startups

Commonwealth Bank of Australia sets up venture building unit

Commonwealth Bank of Australia has launched a standalone startup incubator, X15 Ventures, to create and nurture new digital businesses that bring added value to the bank's core business.

03 February 2020

News/Innovation

University of Toronto sets up Fintech Boot Camp

The University of Toronto has set up a 'Fintech Boot Camp' with a pledge to give learners the knowledge they need to move forward in the financial technology industry.

31 January 2020

News/Innovation

UK fintech scene sees record investment in 2019

The day before Brexit, Innovate Finance has put out a report hailing a record 2019 for the UK's fintech scene and predicting a a rosy future.

30 January 2020

News/Innovation

Regulation and anti-competitive behaviour hitting Australian fintech

Australian fintechs have called on the Government and regulatory bodies to bring in new laws to crack down on incumbent banks, who are accused of engaging in anti-competitive practices to inhibit competition in financial services provision.

28 January 2020

News/startups

CaixaBank partners Plug and Play to back Spanish fintech startups

CaixaBank has teamed up with Silicon Valley-based innovation platform Plug and Play on a Spanish fintech startup programme.

27 January 2020

News/Innovation

Standard Chartered enters partnership with Bahrain Fintech Bay

Standard Chartered has formed an alliance with Bahrain Fintech Bay to keep tabs on innovative startups operating in the Greater Middle East.

27 January 2020

News/startups

Barclays pilots single invoice insurance package from fintech startup Nimbla

Barclays Bank has formed a commercial partnership with fintech accelerator graduate Nimbla, which gives SME clients the ability to take out insurance against individual invoices, rather than the whole book.

23 January 2020