Latest Innovation News: Finextra Research

Second-hand clothing meets wearable payments

Sustainable payment wearables will be created when tech and recycled materials meet in a project between Sweden's Fidesmo and Eskilstuna Folk High School this Spring.

07 April 2020

News/startups

Standard Chartered challenges startups to deliver an automated call centre service

Standard Chartered has put out a call to tender to fintech startups for a machine learning prototype capable of reducing the handling time for both inbound and outbound traffic through its call centres

30 March 2020

News/Innovation

ING invests in natural language proccesor Eigen Technologies

ING has contributed EUR4.5 million to a $42 million funding round in natural language processing vendor Eigen Technologies.

13 March 2020

News/Innovation

FS industry transitioning to banking-as-a-platform model - Barclays research

The era of competition between banks and fintechs is over, with connectivity now seen as the key to a new financial services ecosystem where the 'banking-as-a-platform' model dominates, according to a report from Barclays.

13 March 2020

News/Innovation

Fintech jobs market show healthy upward trend

Despite a year of political turbulence, 2019 saw a continued growth in demand for IT professionals in the UK fintech sector – with a 5.9% yearly rise in vacancies.

12 March 2020

News/Innovation

E-commerce firms to get helping hand into banking markets with Standard Chartered nexus

Standard Chartered is rolling out a new business platform that will help e-commerce firms shape loans, credit cards and savings products for their customers under their own brand name.

12 March 2020

News/startups

BBVA moves to get more out of fintech partnerships

BBVA is tweaking its Open Talent competition for startups as part of a wider realignment of its relationship with the fast-maturing fintech sector.

12 March 2020

News/Innovation

UK Budget puts fintech front and centre

The UK Government is to undertake a review of the country's booming fintech scene, promising increased funding and support for the sector in today's Budget statement.

11 March 2020

News/regulation

Spanish government passes sandbox bill

The Spanish government has approved draft legislation aimed at encouraging the digital transformation of the financial system through the establishment of a regulatory sandbox, where businesses can trial cutting-edge projects with real customers.

10 March 2020

News/inclusion

Quona closes $203m financial inclusion fintech fund

Quona Capital, a venture firm focused on financial inclusion in emerging markets, has closed its second fintech fund with $203 million in commitments, led by anchor investor Accion International.

09 March 2020

News/Innovation

Pope weighs in on AI ethics debate

The Pontiff is the latest public figure to offer an opinion on the ethics of using artificial intelligence (AI), issuing a set of principles on the use of new technology.

28 February 2020

News/sustainable

The Redsand Group to launch sustainable fintech fund

Founder and managing partner of The Redsand Group, Nicole Anderson, announced in a recent interview with Finextra TV that the group will launch a fund to work with the venture community to support fintech aimed at tackling sustainability across financial services through tools such as blockchain and tokenisation.

27 February 2020

News/Innovation

JPMorgan to pursue M&A strategy in face of Big Tech competition

JPMorgan chief Jamie Dimon says the bank will pursue an aggressive M&A strategy to see off the threats posed to its business by Big Tech giants and smaller fintechs.

26 February 2020

News/Innovation

Mastercard to recruit 1500 tech staff for new Dublin campus

Mastercard is to create over 1500 jobs in Dublin over the next three-to-five years, with the opening of a new tech campus in Leopardstown.

24 February 2020

News/Innovation

Bank of Singapore names Le Cotonnec chief data and innovation officer

Bank of Singapore has appointed Celine Le Cotonnec to the newly created position of chief data and innovation officer.

19 February 2020

News/Innovation

A Segment of One: The new reality

Consumers now have access to all the information they need to define, compare and select the financial products and services that best serve their individual needs.

14 February 2020

News/Innovation

Australia extends fintech sandbox remit after long wait

By passing the Treasury Laws Amendment (2018 Measures No. 2) Bill 2019 on Monday, the government has extended the scope and timeframe fintechs can spend on the existing framework.

12 February 2020

News/Innovation

EBAday 2020 to address 'the turning point in payments transformation'

Registration has opened for EBAday 2020, Europe's premier payments and transaction banking conference, taking place this year in The Hague between 19-20 May.

07 February 2020

News/Innovation

Investors unconvinced by banks' digital strategies

Only a quarter of investors are confident that financial services firms' digital transformation strategies will be effective, according to a report from Oliver Wyman.

06 February 2020

News/cloud

Goldman mulls industry-specific financial cloud

Goldman Sachs is weighing the potential to build an external cloud platform for use by other financial institutions, according to a memo seen by Yahoo Finance.

05 February 2020