Innovation

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Young North Americans willing to go branchless

/Innovation

Young North Americans willing to go branchless

Nearly four in 10 young North Americans would be happy to consider switching to a purely digital bank that has no branch network, a survey from Accenture shows.

QuickCoin integrates bitcoin wallet with Facebook

/Innovation

QuickCoin integrates bitcoin wallet with Facebook

US startup QuickCoin has launched a bitcoin wallet app that lets users send the crypto-currency to their Facebook friends.

Ripple price plunges on co-founders sell-off plans

/Innovation

Ripple price plunges on co-founders sell-off plans

The price of the Ripple native digital currency has plummeted after Ripple Labs co-founder Jed McCaleb revealed that he plans to sell off his entire massive holding.

Indonesian banks target islanders with floating ATMs

/Innovation

Indonesian banks target islanders with floating ATMs

An Indonesian bank has come up with a novel way to bring financial services to the archipelago's hundreds of inhabited islands - floating ATMs.

Bank of America caters to Skype generation with telepresence roll-out

/Innovation

Bank of America caters to Skype generation with telepresence roll-out

Bank of America is to expand its use of videoconferencing to 500 branches across the US, enabling customers to remotely interact with small business bankers, mortgage specialists and financial advisors.

EBAday 2014 set for record turn-out

/Innovation

EBAday 2014 set for record turn-out

The Euro Banking Association and Finextra are preparing for a record turn-out at EBAday 2014, Europe's pre-eminent annual payments event, with over 800 bankers and treasury professionals from across Europe expected to attend the two-day conference and exhibition.

Barclaycard partners Flubit on digital marketplace

/Innovation

Barclaycard partners Flubit on digital marketplace

Barclaycard has teamed up with London-based tech startup Flubit to create a digital marketplace where smaller retailers can hawk their wares to cardholders.

Euro Board to fix post-Sepa focus on mobile and 'innovative' payments

/Innovation

Euro Board to fix post-Sepa focus on mobile and 'innovative' payments

The newly-convened Euro Retail Payments Board (ERPB) is to set up two working groups to explore the role of mobile and 'innovative' payments methods, as Europe begins the transition to a Single Euro Payments Area (Sepa).

UK industry forum established to explore how tech innovation can boost saving

/Innovation

UK industry forum established to explore how tech innovation can boost saving

The UK's Tax Incentivised Savings Association (Tisa) has set up a group to explore how technological innovation will change the way people save and invest.

Standard Bank launches QR code-based mobile payment scheme

/Innovation

Standard Bank launches QR code-based mobile payment scheme

Standard Bank of South Africa has publicly launched SnapScan, a QR code-based mobile payment system that has been under development for almost a year.

Scivantage sets up fintech incubator programme

/Innovation

Scivantage sets up fintech incubator programme

Capital markets tech house Scivantage is teaming with Hoboken's Stevens Institute of Technology to launch a fintech incubator programme promising capital, IT support and guidance to successful entrants.

WestPac NZ and Samsung team on digital banking innovation

/Innovation

WestPac NZ and Samsung team on digital banking innovation

Westpac New Zealand has formed a partnership with tech giant Samsung that will see the two work together on developing digital banking innovations.

Groupon unveils Gnome POS platform

/Innovation

Groupon unveils Gnome POS platform

Coupon giant Groupon has is stepping up its assault on the point-of-sale market through the launch of a new iPad-based platform that uses Bluetooth to recognise voucher holders as they walk into the store.

Tech breathes life into branches - Nationwide chief Beale

/Innovation

Tech breathes life into branches - Nationwide chief Beale

Far from killing off traditional branches, digital technology could breathe new life into them, Nationwide chief executive Graham Beale has told Finextra.

VC firm appoints algorithm to the board

/Innovation

VC firm appoints algorithm to the board

A Hong Kong-based venture capital firm has appointed a computer algorithm to its board of directors, giving the program a vote on what startups to invest in.

Circle bids to take bitcoin mainstream

/Innovation

Circle bids to take bitcoin mainstream

Circle Internet Financial has unveiled a free platform for buying, storing and paying with bitcoin, promising to bring the crypto-currency to the masses.

Finextra Leadership: Open innovation at BBVA

/Innovation

Finextra Leadership: Open innovation at BBVA

As head of open innovation at Spain's BBVA, Jose Antonio Gallego is in the front line of the digital transformation of banking. He speaks to Finextra about the challenges facing the industry and how BBVA is seeding a new culture of innovation across the bank.

St George starts testing iBeacons in branches

/Innovation

St George starts testing iBeacons in branches

Australia's St George Bank has begun trialling iBeacon technology in branches, pinging information to customers' iPhones when they enter the building.

BBVA boosts digital transformation effort with two US hires

/Innovation

BBVA boosts digital transformation effort with two US hires

The US arm of Spanish banking group BBVA has tapped two high-profile technology veterans to help spearhead its efforts to become a role model for digital banking transformation.

SunTrust opens innovation branch to test new tech

/Innovation

SunTrust opens innovation branch to test new tech

SunTrust Banks has opened an 'innovation branch' in Atlanta where it will test new technology such as automated safety deposit boxes.

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