Innovation

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UK and Singapore establish 'fintech bridge'

/Innovation

UK and Singapore establish 'fintech bridge'

The UK and Singapore have formed a "fintech bridge" that will help financial technology firms and investors from each country gain access to the other.

Nordea to launch crowdfunding platform

/Innovation

Nordea to launch crowdfunding platform

Nordea is to launch an equity-based online crowdfunding platform in Finland, matching entrepreneurs seeking financing with investors.

Tandem to kick off crowdfunding campaign on 20 May

/Innovation

Tandem to kick off crowdfunding campaign on 20 May

Tandem Bank is to kick off its £1 million crowdfunding campaign on 20 May with the support of Seedrs, enabling future customers to own shares in the mobile-first challenger bank.

ING takes startup path as top banks reap innovation rewards

/Innovation

ING takes startup path as top banks reap innovation rewards

Dutch banking group ING has revealed that it is working with 45 fintech companies in an effort to jump-start its digital transformation programme.

Former Barclays Bank boss to set up fintech venture

/Innovation

Former Barclays Bank boss to set up fintech venture

Anthony Jenkins, the former Barclays Bank boss who last year forecast a 50% cut in bank branches and staffing due to digital upheavals in the sector, is setting up his own fintech venture.

Charity rolls out contactless donation boxes

/Innovation

Charity rolls out contactless donation boxes

Mary's Meals, a Scottish charity that works to feed hungry children around the world, is taking the donation box digital, placing terminals at cafe checkouts where diners can contribute 30 pence to the cause by tapping their contactless cards.

FCA opens regulatory sandbox

/Innovation

FCA opens regulatory sandbox

The Financial Conduct Authority has opened its regulatory sandbox to UK firms, providing a ‘safe space’ in which businesses can test innovative products, services and business models

Deutsche Bank crowdstorms AI ideas

/Innovation

Deutsche Bank crowdstorms AI ideas

Deutsche Bank is "crowdstorming" ideas on how artificial intelligence can be used in the financial services industry, inviting people to submit their concepts for the chance to develop them at the German giant's innovation labs and win cash prizes.

Citi trials in-branch beacon technology

/Innovation

Citi trials in-branch beacon technology

Citi is deploying beacon technology from Gimbal at a number of its Smart Banking branches in Manhattan

Scotland to map out five-year strategy for fintech growth

/Innovation

Scotland to map out five-year strategy for fintech growth

Scotland is stating its claim to become a fintech centre of excellence, convening a new Fintech Strategy Group comprised of 30 industry figures from financial technology disciplines together with representatives from Government and higher education.

EBAday 2016: Setting a vision for the future of the European payments industry

/Innovation

EBAday 2016: Setting a vision for the future of the European payments industry

An impressive list of up to 80 board directors, chief financial officers and payments and technology heads from Europe's leading banks have confirmed their participation in the conference programme for the eleventh annual EBAday, taking place this year at MiCo - Milano Congressi from 7 to 8 June 2016.

App pays people 'sweatcoins' for exercise

/Innovation

App pays people 'sweatcoins' for exercise

A new iPhone app is hoping to help users beat the flab by handing over "sweatcoins" in exchange for movement.

Craig Wright backs out of Bitcoin proof, says sorry and goodbye

/Innovation

Craig Wright backs out of Bitcoin proof, says sorry and goodbye

Craig Wright, the man who earlier this week claimed to be inventor of Bitcoin, has backed out of a commitment to present new proof that he is Satoshi Nakamoto.

Digital banking transformation: More action less talk needed

/Innovation

Digital banking transformation: More action less talk needed

Are banks just paying lip service to digital transformation? That's the question asked by Accenture in a new study which analyses the strategies of 53 banks across Europe.

Capital One to create 200 new tech jobs on relocation to Silicon Roundabout

/Innovation

Capital One to create 200 new tech jobs on relocation to Silicon Roundabout

Capital One is to hire an additional 200 software engineers and tap into London's thriving tech scene by relocating its City Office to Silicon Roundabout.

EBA looks into financial institutions' use of consumer data

/Innovation

EBA looks into financial institutions' use of consumer data

The European Banking Authority has kicked off a debate about the benefits and risks associated with the ever-growing amounts of consumer data available to financial institutions.

Europeans ready to quit banks over out-of-date technology

/Innovation

Europeans ready to quit banks over out-of-date technology

As they increasingly bank online and through their mobiles, many Europeans say that they would leave providers that do not offer up-to-date technology, a survey from Fujitsu shows.

Asic to establish regulatory sandbox

/Innovation

Asic to establish regulatory sandbox

The Australian Securities and Investment Commission is to take a page out of the FCA's fintech playbook with the creation of a regulatory sandbox for unlicensed firms to run early stage tests and trials of their services.

Deloitte UK calls for blockchain identity standards; Post-Trade group swells membership

/Innovation

Deloitte UK calls for blockchain identity standards; Post-Trade group swells membership

Deloitte UK is working on a 'Smart Identity' blockchain prototype enabling users to create a set of federated digital credentials for a range of applications, from access management to customer verification.

Investment pros wary of robo-advisor threat

/Innovation

Investment pros wary of robo-advisor threat

Investment professionals around the world expect robo-advisors to start replacing humans in the mass affluent market, but are far less concerned that computers will oust them from their work with higher net worth clients.

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