Latest Innovation News: Finextra Research

Icap founder Spencer contributes £25 million to new B2B fintech venture fund

Icap founder Michael Spencer has committed £25 million to a new £100 million fintech venture fund in the UK.

20 January 2020

MUFG appoints digital lead CEO

After just a year in the job, Mitsubishi UFJ Financial Group CEO Kanetsugu Mike is being replaced by the Japanese giant's digital chief Hironori Kamezawa.

17 January 2020

News/Innovation

Blockchain-based real estate firm makes token-based purchase

Real estate investment company BrickMark has made a record-breaking blockchain-powered investment in the heart of Zurich's central business district.

17 January 2020

News/Innovation

Ant Financial preps huge fintech conference

China's Ant Financial is flexing its muscles by organising a massive fintech conference in Shanghai this April.

15 January 2020

News/Innovation

Ping An Technology and Intel form innovation lab

Ping An Technology and Intel are building an innovation lab in Shenzhen to experiment in areas such as cloud, AI, security and storage.

15 January 2020

News/startups

How to build defences to accelerate innovation and generate revenue

The total value of global fintech deals in the first six months of 2019 was $22 billion. While this figure may seem staggering, when compared to $31.2 billion in the same period the year before, this is a steep decline of 29%.

14 January 2020

News/Innovation

UK regulators flesh out digital data strategy

The Financial Conduct Authority and the Bank of England are working on the development of a new dynamic data strategy, with the aim of using advanced analytics and automation techniques to ease the regulatory process and deepen their understanding of market behaviour.

07 January 2020

News/Innovation

MAS receives 21 bids for five digital banking licences

The Monetary Authority of Singapore says it has received 21 applications for five available digital bank licences from firms operating across the full spectrum of financial and technology services.

07 January 2020

News/Innovation

iFast joins virtual bank licence race in Singapore

Singapore-listed wealth management tech supplier iFast is the latest firm to throw its hat into the ring in a bid to scoop a virtual banking licence in the Island state.

06 January 2020

News/Innovation

Wells analyst: The 2020s will be a "golden age" for banks and technology

Wells Fargo banking analyst Mike Mayo has forecast that the coming decade will be a "golden age of banks and technology", as IT insiders move up the ranks of management and banks emerge from wreckage of the financial crisis.

03 January 2020

News/Innovation

Worldline takes pay-by-face system on the road

Worldline is to stage the first live demonstrations of a new pay-by-face system at the National Retail Federation expo in New York later this month.

03 January 2020

News/retail

Banking predictions for 2020 – more competition, more collaboration and new sources of revenue

As 2019 draws to a close, financial services commentators and vendors have made their customary end-of-year predictions for the 12 months ahead, with increased competition through supercharged PSD2 the principal driving force.

23 December 2019

News/Innovation

Finextra's year in review

With 2019 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

23 December 2019

News/Innovation

Spanish banks to test programmable payments for smart contracts

Banco Sabadell, Banco Santander, Bankia, BBVA and CaixaBank have initiated a proof-of-concept test to deploy an interbank Smart Payments Platform that would enable the execution of payments in blockchain networks.

20 December 2019

News/Innovation

Booming fintech sector laps up London office space

Office take-up in central London surged last month, driven by the booming fintech sector.

20 December 2019

News/Innovation

Federal Reserve to host 'fintech innovation office hours'

The Federal Reserve Board is to open its doors to banks and startups in a series of 'fintech innovation office hours' throughout 2020.

19 December 2019

News/Innovation

EC expert group issues call to action on fintech regulation

A European Commission (EC) Expert Group has called on regulators to respond to the changing nature of fintech by adapting the rule book and legal frameworks to encourage innovation and dampen emerging risks.

18 December 2019

News/Innovation

Citi’s data and analytics global head departs to launch fintech firm

Industry veteran Bill Pryor is understood to have left the investment bank to launch his own fintech company, Investics Data Services.

13 December 2019

News/retail

Metro Bank trials digital business receipts

Metro Bank has invited a select few business customers to trial its upcoming app-based receipt manager, created following a partnership with Canadian tech firm Sensibill.

11 December 2019

News/startups

WeFox to channel $235 million total funding into UK expansion

German insurtech WeFox has closed $110 million of funding bringing its total for 2019 to $235 million and is planning the launch of a London tech hub next year.

11 December 2019