Latest Innovation News: Finextra Research

DBS launches mobile-only bank in India

Singapore's DBS has launched a mobile-only bank in India, incorporating a host of ground-breaking technology, from AI to biometrics.

26 April 2016

News/Innovation

ECB investigates use of distributed ledger but warns of far-reaching consequences

The European Central Bank is looking into the use of distributed ledger technology (DLT) for the Eurosystem's market infrastructure but is wary of the far-reaching consequences for the role of central bank money, says executive board member Yves Mersch.

26 April 2016

News/Innovation

Bitcoin exchange Bitstamp wins Payment Institution status

Luxembourg has granted Payment Institution status to European cryptocurrency exchange Bitstamp, providing the firm with a passportable license in 28 EU member states.

25 April 2016

News/Innovation

Morgan Stanley report dampens distributed ledger hype

A new Morgan Stanley report poured cold water on some of the wilder claims about how and when distributed ledger technology will transform the financial services industry.

25 April 2016

News/Innovation

The digital interface is the future of banking

Peter Dalton, group general manager, innovation at ANZ, believes the next fintech revolution will be in the customer interface.

25 April 2016

News/Innovation

MEPs warm to distributed ledger tech

Members of the European Parliament (MEPs) have vowed not to regulate virtual currencies and distributed ledger technology out of existence.

21 April 2016

News/Innovation

PayPal leads $30m round in spare change investment app Acorns

Acorns, an app that automatically invests the change from debit and credit card purchases into stocks and bonds, has raised $30 million from PayPal, with participation from the Rakuten Fund.

21 April 2016

News/Innovation

Ally Financial targets shopaholics with 'Splurge Alert' app

Ally Financial is piloting an app called 'Splurge Alert' that uses geolocation technology to identify when users are near to stores that they overspend in and alerts friends who can intervene.

21 April 2016

News/Innovation

Swift sets out distributed ledger position

As the hype surrounding distributed ledger technology continues to build, Swift is acknowledging the inevitable and promising to evolve its platform to enable DLT-based services - but only when a series of "critical factors" have been addressed.

20 April 2016

News/Innovation

Digital Asset Holdings acquires Swiss startup Elevence

Distributed ledger outfit Digital Asset Holdings has acquired Zurich-based Elevence Digital Finance, a startup that has developed a modelling language for determining rights and obligations in blockchain collaboration agreements.

20 April 2016

News/Innovation

Swift Business Forum London 2016 - Live blog

Now in its sixth year, the Swift Business Forum London 2016 brought together 1000 delegates from across banking, securities, market infrastructures and corporates to tackle the theme, Build the future. A broad spectrum of speakers discussed their vision and aspirations for the industry, while tackling practical topics around disruption, technology and regulation - particularly as they impact the UK market.

20 April 2016

News/Innovation

The new wearables: 'tattoo' payments

Forget cards, mobiles and even smartwatches. A healthcare technology startup is hoping that we will soon be attaching ultra-thin tattoo-like stickers that can make contactless payments to our bodies.

20 April 2016

News/Innovation

Finance executives lay out fintech policy agenda

Senior finance heads have devised a set of recommendations aimed at encouraging fintech innovations from within and outside the industry while preserving economic and systemic stability.

19 April 2016

News/Innovation

Barclays to work with six accelerator startups; internal team demos R3 Corda

Barclays Bank is exploring opportunities to work with six of the eleven startups that showcased their fintech propositions at a Demo Day at London’s O2 Arena, as the third London cohort of the UK bank's accelerator programme concluded

19 April 2016

News/Innovation

Ping An speeds up online lending with facial recognition

China's Ping An group is to incorporate face recognition technology into its wealth management and other services to create the fastest lending platform in China, requiring only six minutes to complete a loan application.

19 April 2016

News/Innovation

Brixton Pound gets its own cash machine

Users of the Brixton Pound can now get their hands on the community currency via a purpose-built cash machine.

19 April 2016

News/Innovation

Banks must 'think big' to beat off fintech competitors - CapGemini

Banks the world over need to 'think big' to meet evolving customer demands in the digital age, revamping core systems and establishing full competency in API-based software development, says CapGemini in the 2016 edition of its annual World Banking Report.

18 April 2016

News/Innovation

Finextra Leadership: Scotiabank co-CIO McNamara on the digital future

Scotiabank co-chief information officer Kyle McNamara talks to Finextra about how the bank is adapting to the digital future, going mobile, using analytics and working with the local fintech community.

15 April 2016

News/Innovation

Fed Governor warns of unintended consequences of distributed ledger adoption

Legacy technology and interoperability could be the stumbling blocks to widespread uptake of distributed ledgers in the financial markets, creating unintended consequences for the efficient functioning of markets, a Federal Reserve Bank governor has warned.

15 April 2016

News/Innovation

European Parliament to host blockchain conference

The European Parliament is set to host a four day conference on virtual currencies and blockchains as it seeks to educate MEPs about the fast-growing world of distributed ledgers.

15 April 2016