Latest Innovation News: Finextra Research

Commonwealth Bank of Australia sets up venture building unit

Commonwealth Bank of Australia has launched a standalone startup incubator, X15 Ventures, to create and nurture new digital businesses that bring added value to the bank's core business.

03 February 2020

News/Innovation

University of Toronto sets up Fintech Boot Camp

The University of Toronto has set up a 'Fintech Boot Camp' with a pledge to give learners the knowledge they need to move forward in the financial technology industry.

31 January 2020

News/Innovation

UK fintech scene sees record investment in 2019

The day before Brexit, Innovate Finance has put out a report hailing a record 2019 for the UK's fintech scene and predicting a a rosy future.

30 January 2020

News/Innovation

Regulation and anti-competitive behaviour hitting Australian fintech

Australian fintechs have called on the Government and regulatory bodies to bring in new laws to crack down on incumbent banks, who are accused of engaging in anti-competitive practices to inhibit competition in financial services provision.

28 January 2020

News/startups

CaixaBank partners Plug and Play to back Spanish fintech startups

CaixaBank has teamed up with Silicon Valley-based innovation platform Plug and Play on a Spanish fintech startup programme.

27 January 2020

News/Innovation

Standard Chartered enters partnership with Bahrain Fintech Bay

Standard Chartered has formed an alliance with Bahrain Fintech Bay to keep tabs on innovative startups operating in the Greater Middle East.

27 January 2020

News/startups

Barclays pilots single invoice insurance package from fintech startup Nimbla

Barclays Bank has formed a commercial partnership with fintech accelerator graduate Nimbla, which gives SME clients the ability to take out insurance against individual invoices, rather than the whole book.

23 January 2020

News/Innovation

$545m bank-backed fintech fund launches

Canapi Ventures, a VC firm focussed on fintech startups, has secured the backing of a host of banks for a new $545 million fund.

22 January 2020

News/Innovation

Hong Kong and Thai central banks report back on digital currency trials

The Hong Kong Monetary Authority and the Bank of Thailand have completed a working prototype of a cross-border digital currency payment system.

22 January 2020

News/Innovation

Icap founder Spencer contributes £25 million to new B2B fintech venture fund

Icap founder Michael Spencer has committed £25 million to a new £100 million fintech venture fund in the UK.

20 January 2020

News/Innovation

MUFG appoints digital lead CEO

After just a year in the job, Mitsubishi UFJ Financial Group CEO Kanetsugu Mike is being replaced by the Japanese giant's digital chief Hironori Kamezawa.

17 January 2020

News/Innovation

Blockchain-based real estate firm makes token-based purchase

Real estate investment company BrickMark has made a record-breaking blockchain-powered investment in the heart of Zurich's central business district.

17 January 2020

News/Innovation

Ant Financial preps huge fintech conference

China's Ant Financial is flexing its muscles by organising a massive fintech conference in Shanghai this April.

15 January 2020

News/Innovation

Ping An Technology and Intel form innovation lab

Ping An Technology and Intel are building an innovation lab in Shenzhen to experiment in areas such as cloud, AI, security and storage.

15 January 2020

News/startups

How to build defences to accelerate innovation and generate revenue

The total value of global fintech deals in the first six months of 2019 was $22 billion. While this figure may seem staggering, when compared to $31.2 billion in the same period the year before, this is a steep decline of 29%.

14 January 2020

News/Innovation

UK regulators flesh out digital data strategy

The Financial Conduct Authority and the Bank of England are working on the development of a new dynamic data strategy, with the aim of using advanced analytics and automation techniques to ease the regulatory process and deepen their understanding of market behaviour.

07 January 2020

News/Innovation

MAS receives 21 bids for five digital banking licences

The Monetary Authority of Singapore says it has received 21 applications for five available digital bank licences from firms operating across the full spectrum of financial and technology services.

07 January 2020

News/Innovation

iFast joins virtual bank licence race in Singapore

Singapore-listed wealth management tech supplier iFast is the latest firm to throw its hat into the ring in a bid to scoop a virtual banking licence in the Island state.

06 January 2020

News/Innovation

Wells analyst: The 2020s will be a "golden age" for banks and technology

Wells Fargo banking analyst Mike Mayo has forecast that the coming decade will be a "golden age of banks and technology", as IT insiders move up the ranks of management and banks emerge from wreckage of the financial crisis.

03 January 2020

News/Innovation

Worldline takes pay-by-face system on the road

Worldline is to stage the first live demonstrations of a new pay-by-face system at the National Retail Federation expo in New York later this month.

03 January 2020