Innovation

3418 articles tagged with this keyword

/startups

ABN Amro joins with Techstars in startup hunt

ABN Amro is collaborating with Techstars in a search for new startups capable of transforming financial services for businesses and consumers.

/markets

BBVA trials quantum computing to optimise investment portfolio management

BBVA and Spanish startup Multiverse have run a proof-of-concept using quantum technologies to improve the process of dynamically optimising investment portfolios with market data.

/sustainable

Alipay Ant Forest, the catalyst for enabling citizen action towards carbon reduction

According to the Green Digital Finance Alliance (GDFA), by introducing nudging and incentives on digital platforms, there is potential for substantial behavioural change among digitally-savvy consumers. This can act as a springboard for scalable global climate change mitigation and reduce 8.6% of emissions from public transport.

/payments

Icici applies satellite imaging to rural credit scoring

India's Icici Bank is using satellite imaging to assess the creditworthiness of farmers applying for loans.

/retail

Monzo, Starling and the lessons for challengers post-Covid

Recent weeks have brought news of differing fortunes for two of the UK’s flagship digital challenger banks. With Starling confidently announcing it would break even by the end of 2020, Monzo has described “the significant doubt” that Covid-19 had cast on the bank’s ability to continue.

/covid-19

Starling: Two thirds of UK SMEs optimistic about Covid-19 recovery in 2021

According to a survey of over 300 UK SMEs conducted by Starling Bank and the Great British Entrepreneur Awards (GBEA), 68% of small to medium-sized businesses believe they will return to pre-Covid levels of success in early 2021.

/startups

Discerning the impact of Covid-19 on fintech firms and their role in financial inclusion

While the fintech industry is still evolving, the evidence so far indicates that it has a key role to play in financial inclusion, according to Ana Fiorella Carvajal, lead financial sector expert at World Bank. This role comprises not just the provision of basic services, such as payments mechanisms, but more recently also the provision of financing to consumers and SMEs.

/startups

InvestHK to run fintech Fast track programme

Invest Hong Kong is to run a Global Fast Track programme to plug the best and brightest fintech startups directly into the territory's financial ecosystem.

/inclusion

RBI plans offline digital payments pilot, sets up innovation hub

The Reserve Bank of India is prepping an offline digital payments pilot to encourage the migration from cash in rural areas that lack internet connectivity.

/retail

Singapore establishes Asian Institute of Digital Finance

The Monetary Authority of Singapore is to set up a specialist research institute to groom the next generation of fintech leaders.

/sustainable

Coordinating ESG solution ideation for investment and asset management

In June 2020, Finextra Research welcomed industry experts to Sustainable Finance Live, the first virtual interactive workshop to discuss how financial services firms and technology companies can achieve the UN’s Sustainable Development Goals (SDGs) by 2030.

/startups

Mission-driven US investors doubling down on financial health value propositions

Supporting financially stressed customers has become problematic as more and more people experience uncertain income reduction, triggered by the coronavirus pandemic. Emmalyn Shaw, managing partner at Flourish Ventures, a $500 million mission-driven and fintech-focused venture capital firm, highlights to Finextra Research that despite prolonged economic prosperity in the lead up to 2020, the majority of Americans were living month to month and only 29% of US consumers were financially healthy.

/cloud

RBC moves AI unit to new private cloud platform

Royal Bank of Canada has moved applications under development at its artificial intelligence research unit Borealis AI to a high-performance private cloud infrastructure with support from Red Hat and Nvidia.

/retail

Russia's VTB Bank launches 'robot factory'

Russia's VTB Bank has launched a 'robot factory', with plans to roll 250 digital employees off the production line by the end of 2022.

/wholesale

Deutsche Bank introduces Blue Bot 'Yi' to corporate customers in China

Deutsche Bank's corporate bank in China has unveiled its new customer-facing digital employee, Blu Bot Yi, charged with handling client's financial reports.

/wholesale

BBVA prepares for quantum leap

BBVA is stepping up its interests in quantum computing, presenting the results of six proof of concept trials across financial business use cases.

/covid-19

FCA and City Corporation to create digital sandbox for post-pandemic recovery

The Financial Conduct Authority (FCA) and the City of London Corporation are collaborating on the pilot of a ‘digital sandbox’ to support innovative firms tackling challenges caused by the Covid-19 pandemic.

/people

Santander to recruit 300 IT specialists for new innovation centre in Brazil

Banco Santander is to hire 300 IT professionals to work on digital applications at a new innovation hub in Brazil.

/markets

Standard Chartered to investigate commercial use cases for quantum technology with USRA

Standard Chartered has signed a collaborative research agreement with the Universities Space Research Association (USRA) to co-operate on the development of quantum computing applications.

/startups

TSB launches bill management pilot

TSB Bank is launching a pilot for a bill management and utility switching service in partnership with white-label fintech provider ApTap.