Innovation

3418 articles tagged with this keyword

/Innovation

Atom opens with a promise to change UK banking landscape

Atom Bank, the mobile-only startup that uses face and voice biometrics plus machine learning technology to service consumers, has gone live in the UK following the lifting of regulatory restrictions.

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Singapore ponders Paym-style payments platform

Singapore is looking into the creation of a payments system similar to the UK's Paym that would let someone send money using only the recipient's mobile number, email address or social network account.

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RBC partners University of Toronto on accelerator

The Royal Bank of Canada (RBC) is teaming up with the University of Toronto on an accelerator for students, entrepreneurs and startups.

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R3 outlines Corda distributed ledger for financial agreements

After six months of development, the R3 consortium has unveiled its Corda distributed ledger platform for recording and managing financial agreements.

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Bank of Ireland and BNP Paribas announce blockchain breakthroughs

New use cases for the adoption of blockchains in finance are appearing every day, with Bank of Ireland and BNP Paribas the latest to demonstrate the disruptive potential of the technology

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R3 enlists Microsoft Azure for distributed ledger push

Distributed ledger consortium R3 has struck a deal with Microsoft that will see the tech giant provide cloud-based tools, services and infrastructure for R3 lab locations around the world.

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Santander soft launches Kabbage in UK

Banco Santander is to leverage its recent multi-million dollar investment in Kabbage to offer working capital loans to UK small businesses through the online lender's platform.

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Simple to move customer accounts to BBVA Compass platform

Simple, the US digital bank that BBVA bought in 2014, will be moving all its customer accounts to BBVA Compass later this year, becoming the first user of the Spanish bank's API in the United States.

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Investment banks facing new industrial revolution - GreySpark

The world's investment banks must look to the experiences of the automotive and aircraft manufacturing industries in the battle to remain relevant in a new data-driven digital era says consultancy firm GreySpark Partners.

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NAB enlists VCs to run $50 million fintech fund

National Australia Bank has appointed a pair of seasoned venture capital investors to run the rule over fintech startups applying for a slice of its recently launched $50 million innovation fund.

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Fintech dominates African startup investment

Almost a third of the money invested in African startups was gobbled up by new fintech firms, according to research from Disrupt Africa

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Singapore sets up fintech office for startups

The Singapore government is launching a dedicated office designed to help fintech startups set up in the country.

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Branch raises $9.2m to bring mobile-based lending to developing markets

Branch, a startup promising to bring lending to people in developing nations by using data stored on their mobile phones to make credit decisions, has raised $9.2 million in a Series A funding round led by Andreessen Horowitz.

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Fintech boom will lead to 30% bank staff cuts - Citi

US bank Citi has forecast that the continued growth of fintech startups will mean 30% of bank staff will lose their jobs over the next ten years.

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Bussmann's holiday: UBS tech chief quits

Oliver Bussmann, the global CIO for UBS and the man credited with transforming the bank's IT, has left his role at the Swiss giant.

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Ireland's fintech hopes held back by lack of investment

Ireland's ambition to be known as a world-leading hub for fintech startups is in danger of petering out due to a lack of accelerators, according to the head of an industry group looking to promote startups.

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Barclays to close Texas tech centre

Barclays Bank is calling time on a technology centre it set up in McKinney, Texas less than two years after opening the site.

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DTCC trials distributed ledger tech for repo market

The Depository Trust and Clearing Corporation (DTCC) is working with Digital Asset Holdings on a distributed ledger-based system for the clearing and settlement of US repurchase agreements (repos).

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US regulator considers new framework for fintechs

A key US banking regulator is set to develop a framework for governing new fintech startups, according to the Wall Street Journal (WSJ).

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BNP Paribas begins fintech accelerator programme

BNP Paribas has picked eight fintech startups to take part in a four month accelerator programme that will see each firm work on developing products and services for specific areas of the bank's business.