Latest Innovation News: Finextra Research

Lloyds launches Digital Banking Hub

Lloyds Banking Group has launched a new Digital Banking Hub with a powerful infographic illustrating the fast-paced world of the modern data bank.

18 January 2016

News/Innovation

Chinese e-commerce outfit JD.com raises $1.1 billion to grow financial arm

Chinese e-commerce company JD.com has raised RMB6.56 billion ($1.1 billion) to grow its financial services arm, JD Finance.

18 January 2016

News/Innovation

Tech revolution to wipe out 7.1 million jobs over next five years - WEF

Up to 7.1 million jobs will be wiped out in 15 major economies during a fourth industrial revolution, as disruptive developments in artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology come to the fore, says the World Economic Forum.

18 January 2016

News/Innovation

Barclays rolls out HCE-based contactless payment app

Barclaycard has begun the roll out of a contactless mobile app for Android smartphones using Host Card Emulation technology.

18 January 2016

News/Innovation

Finextra and UKTI to host Nordic-Baltic fintech trade mission

Finextra is collaborating with UK Trade and Investment (UKTI) and London & Partners on 3 February on a fintech trade mission that will bring Nordic-Baltic startups to London to meet with UK banks, startups, and the Government.

18 January 2016

News/Innovation

SXSW goes fintech

Fintech geeks will join music and movie stars in Austin, Texas, this year after the SXSW festival and conference invited a host of startups aiming to disrupt the financial services world to take part in an accelerator pitch-off competition.

15 January 2016

News/Innovation

Rise of the robots

Arjan van Os, head of the Innovation Centre at ABN Amro ponders the potential applications of artificial intelligence in financial services.

15 January 2016

News/Innovation

CaixaBank launches mobile-only bank

Spain's CaixaBank is launching a mobile-only bank in a bid to win over the smartphone-wielding socially connected millennial generation.

14 January 2016

News/Innovation

In praise of fantastic plastic

New payment models may come and go, but the dominance of the simple plastic card is unlikely to be dented anytime soon, writes former HSBC techie Aden Davies.

14 January 2016

News/Innovation

Financial accelerators to wind down as digital ecosystem evolves - Forrester

In five years time most corporate accelerators and incubators will have disappeared in favour of more nuanced partnerships between banks and startups in a maturing digital ecosystem according to an analysis by Forrester.

14 January 2016

News/Innovation

Fintech comes to Davos

Fintech will be high on the agenda at this year's World Economic Forum jamboree in Davos, as senior bankers take to the stage to discuss the digital convulsion hitting their industry, and smaller startups stalk the halls.

13 January 2016

News/Innovation

Banks face threat as consumers warm to fintech providers

Fintech providers could pose a real threat to banks within five years, according to new research which shows that by 2020 half of consumers expect to use a technology outfit for at least one service their bank would usually provide.

13 January 2016

News/Innovation

Digital savings startup Moneybox raises $3 million

Moneybox, a digital savings and investment app that rounds up spare change from card transactions into a stocks and shares ISA, has raised $3 million from Betfair and Ocado investor Samos Investments and a group of angel investors.

13 January 2016

News/Innovation

Royal Canadian Mint offloads MintChip digital currency assets

The Royal Canadian Mint has offloaded its MintChip cloud-based digital currency to Toronto startup nanoPay, which plans to commercially deploy the technology within weeks.

12 January 2016

News/Innovation

Scotiabank builds customer analytics centre at Smith School of Business

Seeking to harness the power of big data, Canada's Scotiabank is pumping C$2.2 million into a new customer analytics centre at Queen's University.

12 January 2016

News/Innovation

Standard Chartered partners with Baidu to 'SuperCharge' fintech innovation

Standard Chartered has selected the first eight companies to participate in a fintech accelerator programme run in conjunction with Chinese Web giant Baidu in Hong Kong.

12 January 2016

News/Innovation

Earthport creates single API for access to distributed ledgers

UK-based payment network Earthport has launched a single API to connect banks to Ripple's distributed ledger protocol when processing cross-border payments.

12 January 2016