Innovation

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P2P platform Landbay joins Council of Mortage Lenders

/Innovation

P2P platform Landbay joins Council of Mortage Lenders

Landbay, a UK-based alternative finance platform for buy-to-let mortgages, has become the first peer-to-peer lender to be invited to join the Council of Mortgage Lenders (CML) as a full member.

Banks must embrace fintech-fuelled payments revolution - BNY Mellon

/Innovation

Banks must embrace fintech-fuelled payments revolution - BNY Mellon

Banks must embrace fintech companies or risk being left behind as the payments landscape undergoes a radical technological overhaul, according to a new report from BNY Mellon.

London fintech investment in first three quarters surpasses 2014 total

/Innovation

London fintech investment in first three quarters surpasses 2014 total

Venture Capital investment into London's booming fintech industry in the first nine months of the year has already eclipsed the sums raised throughout 2014, according to data from London & Partners.

JCB to trial palm vein authentication for cardless payments

/Innovation

JCB to trial palm vein authentication for cardless payments

Japanese card scheme JCB is to trial the use of palm vein authentication technology from Fujitsu for cardless purchases at ATMs and merchant terminals.

Barclays takes fintech accelerator to South Africa; Israel next up

/Innovation

Barclays takes fintech accelerator to South Africa; Israel next up

Barclays Bank is taking its fintech accelerator programme to South Africa, extending its search for entrepreneurial startups to emerging economies on the African sub-continent.

China and India drive non-cash payments growth

/Innovation

China and India drive non-cash payments growth

Global non-cash payments volumes are expected to increase by nearly nine per cent in 2014, as massive emerging markets such as China and India begin to go electronic and mobile money takes off in developed countries, according to the latest annual World Payments Report from Capgemini and Royal Bank of Scotland.

From biometrics to one-time passcodes, MasterCard preps Identity Check suite

/Innovation

From biometrics to one-time passcodes, MasterCard preps Identity Check suite

MasterCard is rolling out a suite of card security measures for online commerce - from 'pay by selfie' biometrics to SMS-delivered one-time passwords - under the brand Identity Check.

Standard Chartered and Baidu launch Hong Kong fintech accelerator

/Innovation

Standard Chartered and Baidu launch Hong Kong fintech accelerator

Standard Chartered has partnered with Chinese Internet search engine Baidu to launch a fintech accelerator programme in Hong Kong.

Mexico gets fintech trade association

/Innovation

Mexico gets fintech trade association

Mexico is staking its claim to be Latin America's fintech hub through the establishment of a trade organisation with some 70 founding members.

Nomura investigates distributed ledgers; Fidelity joins Irish blockchain hackathon

/Innovation

Nomura investigates distributed ledgers; Fidelity joins Irish blockchain hackathon

Nomura Securities is to investigate the use of distributed ledger technology in a joint project with IT supplier and consultancy The Nomura Research Institute.

European rulemakers put big data under the microscope

/Innovation

European rulemakers put big data under the microscope

European supervisory authorities are to undertake a review of the use of big data to profile and target consumers by the bloc's major banking groups.

Royal Bank of Canada rolls out conversational biometrics

/Innovation

Royal Bank of Canada rolls out conversational biometrics

Royal Bank of Canada is to begin recording the voice prints of customers as they dial in to its call centres, eliminating the need for passwords and additional authentication questions to determine client IDs.

Nanotechnology and beehives to the fore as RBS refurbishes HQ

/Innovation

Nanotechnology and beehives to the fore as RBS refurbishes HQ

From nanotechnology to beehives, eight firms have been selected to test their products as part of an innovation challenge by Royal Bank of Scotland for the regeneration of its Gogarburn headquarters in Edinburgh.

TD Bank to create 120 tech jobs in Waterloo

/Innovation

TD Bank to create 120 tech jobs in Waterloo

Canada's TD Bank has promised to create more than 120 jobs over the next year in the Waterloo region dedicated to technology innovation.

BNP Paribas to pilot cards with dynamic CVV codes

/Innovation

BNP Paribas to pilot cards with dynamic CVV codes

BNP Paribas has become the latest French bank to pilot Oberthur's OT Motion Code technology, replacing the three-figure CVV code on the rear of a card with a small screen display that automatically changes periodically.

SoftBank leads $1 billion funding round in marketplace lender SoFi

/Innovation

SoftBank leads $1 billion funding round in marketplace lender SoFi

The global fintech bubble continues to gather more air as SoftBank leads a $1 billion funding round in US alternative finance startup SoFi.

Level39 seeks new head as Van der Kleij steps down

/Innovation

Level39 seeks new head as Van der Kleij steps down

Europe's largest tech accelerater Level39 is looking for a new leader as Eric Van der Kleij steps down after three years in the role.

Worldpay trials facial recognition technology

/Innovation

Worldpay trials facial recognition technology

Researchers at Worldpay are investigating the use of facial recognition technology to help combat card fraud in stores across the UK.

Manchester joins regional fintech initiative

/Innovation

Manchester joins regional fintech initiative

Fintech promotional agency Innovate Finance has sent a delegation to Manchester as part of a campaign to forge links between London and regional technology hubs across the UK.

Switzerland gets new fintech accelerator

/Innovation

Switzerland gets new fintech accelerator

A Zurich-based accelerator co-founded by a former UBS IT manager is looking to establish Switzerland as a hotbed for fintech innovation.

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