Latest Innovation News: Finextra Research

Banks rethinking business models as PSD2 looms - Finextra research

Europe's banks are engaged in a do-or-die effort to prepare for the 2016 introduction of new payments regulations that are expected to usher in a wave of fresh competition and innovation across the sector, according to research conducted by Finextra

12 May 2015

News/Innovation

BBVA opens doors to fintech startup competition

Spanish banking giant BBVA is inviting fintech startups from around the world to enter its Open Talent competition for the chance to win EUR30,000 and high-level networking opportunities.

12 May 2015

News/Innovation

Nasdaq OMX embraces the blockchain

Exchange operator Nasdaq OMX is set to start using blockchain technology for the issuance, transfer and management of private company securities.

11 May 2015

News/Innovation

Japanese bank hires robot suits to help staffers lift heavy cash

Japan's Sumitomo Mitsui Banking Corp (SMBC) has come up with a high-tech answer to a low-tech problem: fitting out elderly employees with robotic suits to help them lift heavy stacks of cash.

08 May 2015

News/Innovation

Swedish startup preps institutional digital currency marketplace and clearing house

A startup with $10 million in funding behind it has applied to Sweden's financial watchdog to become a regulated institutional foreign exchange and digital currency marketplace and clearing house.

07 May 2015

News/Innovation

Goldman eyes digital banking opportunity

Goldman Sachs has hired former Discover card services executive Harit Telwar to head up a new digital banking unit, taking its cue from the swathes of fintech startups that are using technology-led services to penetrate one-time banking strongholds in lending to customers and small businesses.

05 May 2015

News/Innovation

Future Money roundup: Big banks have their day in the sun

Some of the world's biggest banks took to the stage at the second annual Finextra Future Money conference to show their innovation chops and dispel the notion that the industry is reaching a point of peak disruption.

22 April 2015

News/Innovation

Yes Bank partners Twitter to text tweets

India's Yes Bank has teamed up with Twitter on a service that lets customers place missed calls in order to receive tweets via text messages.

08 April 2015

News/Innovation

DeVita to bring MasterCard Labs assets to commercial market

MasterCard has appointed Betty DeVita chief commercial officer of its payments innovation research and development arm, where she will be tasked with guiding disruptive new technology towards the market.

25 March 2015

News/Innovation

Future Money Focus: Tom DeLuca, AMP Credit Technologies

The co-founder of a Nasdaq-listed payments processor and a former legal advisor for American Express - Tom DeLuca is now focused on his latest venture, AMP Credit Technologies, a platform for banks and lenders to provide short-term unsecured small business loans.

24 March 2015

News/Innovation

Fintech and bank collaboration could create 5000 jobs in Ireland - Deloitte

The junction between Ireland's emerging fintech cluster and the traditional financial services sector could create 5000 new jobs by 2020 says professional services firm Deloitte.

23 March 2015

News/Innovation

Six undertakes hackathon talent challenge for new fintech incubator

Swiss financial infrastructure provider SIX Group is running a weekend hackathon with a view to acquiring new talent ahead of the launch of a fintech incubator in May.

20 March 2015

News/Innovation

Citi, Fidelity and Mint develop first FS apps for Apple Watch

Citi, Fidelity and Mint are the first financial services-related developers out of the blocks with apps designed for the new Apple Watch, which goes on sale next month.

09 March 2015

News/Innovation

Lloyds and AmEx back fintech startup competition

Some of the biggest names in financial services are throwing their weight behind a UK competition giving fintech startups the chance to win a share of a £175,000 cash prize pot.

04 March 2015

News/Innovation

Madrid's public transport system to trial mobile NFC ticketing

Madrid's public transport system operator is working with Telefonica, Samsung and Gemalto to pilot mobile NFC ticketing.

04 March 2015

News/Innovation

Oz telco Optus preps smartwatch payments

Australian telco Optus is planning to launch smartwatches and wristbands that let customers make contactless payments with the flick of a wrist.

03 March 2015

News/Innovation

Worldpay commits $1m to Georgia Tech fintech accelerator

Payment processor Worldpay is putting up $1 million to fund a new financial technology accelerator at Georgia Tech's Advanced Technology Development Center (ATDC).

03 March 2015

News/Innovation

ECB plays down virtual currency risks

Despite flagging some concerns, the European Central Bank says that it does not think that the rise of virtual currencies currently provides a material risk to the smooth operation of payment systems.

03 March 2015

News/Innovation

AXA sets up EUR200 million disruptive venture fund

AXA has launched a EUR200 million venture capital fund dedicated to investing in budding strategic innovations in the insurance, asset management, financial technology and healthcare service industries.

25 February 2015

News/Innovation

Simple veterans target business banking

Simple veterans Brian Merritt and Ryan Hildebrand have set their sights on the world of business banking, introducing their new neobank called Seed and launching an API.

18 February 2015