Innovation

3419 articles tagged with this keyword

/Innovation

Alternative payment methods challenge plastic's supremacy

Alternative payment methods such as ewallets are overtaking cards as the most popular way to buy online, according to new research from WorldPay.

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Isbank to roll out new generation bluetooth cash machines

Turkey's Isbank is contemplating replacing its ATM fleet with a new generation of keyless and cardless machines that use QR codes or bluetooth beacons to recognise consumer smartphones and dispense cash.

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Commodities market consortium to explore blockchain for post-trade

Post-trade technology company Kynetix is working with a consortium of industry stakeholders to explore the use of distributed ledgers in handling title ownership and transfer in the commodities market.

/Innovation

Digital currency schemes could usurp central banks - BIS

The world's central banks could be rendered irrelevant by the wide-scale adoption of digital currency schemes, the Bank for International Settlements has warned.

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BBVA buys 29.5% stake in Atom for £45 million

Spanish bank BBVA has ploughed £45 million into the UK's Atom Bank, becoming the largest shareholder in the digital-only startup with a 29.5% stake.

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BNP Paribas to test contactless payment displays

Ingenico has signed up BNP Paribas to run consumer tests of a new generation of advertising display screens incorporating contactless payment capabilities.

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FIX taps third party developer community for standards building

The FIX Trading Community is opening its technical standards process to software developers throughout the financial industry using GitHub, with several high performance projects already published to the repository.

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Coinbase issues Bitcoin debit card

US-based virtual currency exchange and wallet operator Coinbase has rolled out the country's first bitcoin debit card, in an effort to encourage mainstream adoption of the cryptocurrency on the high street.

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UK banks propose merger of five trade associations to create single super lobby

UK financial sector trade associations the British Bankers’ Association, the Council of Mortgage Lenders, Payments UK and the UK Cards Association could be brought together to create a single umbrella organisation for the industry under proposals put forward by a bank-backed review body.

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MIT to run fintech degree course

Budding fintech entrepreneurs can now embellish their academic credentials by enrolling on a financial technology applications course at the prestigious Massachusetts Institute of Technology.

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UK banks hardest hit by non-bank money transfer firms

The top 20 non-bank money transfer providers based in the UK now account for over £40 billion of foreign exchange per year, saving customers over £900 million annually, according to data compiled by FXcompared.

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Finextra Q&A: Ben Milne, CEO, Dwolla

Ben Milne, who founded Dwolla in 2008 after growing frustrated with high credit card fees, talks to Finextra about America's slow move towards faster payments, his firm's foray into the exchange world, the blockchain, and the idea of being bought by Apple.

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R3 blockchain collaboration project builds momentum

A bank-backed collaboration initiative to create a set of global standards for the use of distributed ledger technology in financial markets has picked up support from five more banks and firmed up staffing for the project.

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CommBank steps up blockchain interest

Australia's Commonwealth Bank is partnering with think tank Coala to run a two-day blockchain workshop in Sydney.

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Square price sets hearts fluttering in over-heated tech sector

Is Square the canary in the coalmine for over-hyped tech startups? That's the question investors are asking after the hip poster child for the fintech revolution priced its IPO at $9 per share, giving the company a price tag of $2.66 billion, some way south of the $6 billion valuation at its last private fund raising round.

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Neobank Lunar Way bids to conquer Northern Europe through partner model

Danish neobank Lunar Way is vowing to spread across Northern Europe, bringing its mobile-centric services to a host of countries by teaming up with local regulated banks.

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Santander challenges students to come up with Big Ideas to change finance

Santander in the UK is challenging students to come up with new ideas to transform the banking industry, with a £20,000 prize pot at stake.

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Regulation biggest threat to fintech growth - survey

Regulatory issues are set to be the biggest hurdles facing financial technology firms over the next year, according to a survey of fintech founders and investors.

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Online lender Earnest raises $275m to build 'modern bank for the next generation'

Earnest has raised $75 million in a Series B funding round and secured another $200 million in debt financing as it prepares to take on traditional banks with its data-centric approach to online lending.

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Align Commerce raises $12.5 million to disrupt cross-border payments industry

Blockchain payments startup Align Commerce has closed a $12.5 million funfing round led by Kleiner Perkins Caufield & Byers (KPCB).