Innovation

3418 articles tagged with this keyword

/retail

Banking predictions for 2020 – more competition, more collaboration and new sources of revenue

As 2019 draws to a close, financial services commentators and vendors have made their customary end-of-year predictions for the 12 months ahead, with increased competition through supercharged PSD2 the principal driving force.

/Innovation

Finextra's year in review

With 2019 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

/Innovation

Spanish banks to test programmable payments for smart contracts

Banco Sabadell, Banco Santander, Bankia, BBVA and CaixaBank have initiated a proof-of-concept test to deploy an interbank Smart Payments Platform that would enable the execution of payments in blockchain networks.

/Innovation

Booming fintech sector laps up London office space

Office take-up in central London surged last month, driven by the booming fintech sector.

/Innovation

Federal Reserve to host 'fintech innovation office hours'

The Federal Reserve Board is to open its doors to banks and startups in a series of 'fintech innovation office hours' throughout 2020.

/Innovation

EC expert group issues call to action on fintech regulation

A European Commission (EC) Expert Group has called on regulators to respond to the changing nature of fintech by adapting the rule book and legal frameworks to encourage innovation and dampen emerging risks.

/Innovation

Citi’s data and analytics global head departs to launch fintech firm

Industry veteran Bill Pryor is understood to have left the investment bank to launch his own fintech company, Investics Data Services.

/retail

Metro Bank trials digital business receipts

Metro Bank has invited a select few business customers to trial its upcoming app-based receipt manager, created following a partnership with Canadian tech firm Sensibill.

/startups

WeFox to channel $235 million total funding into UK expansion

German insurtech WeFox has closed $110 million of funding bringing its total for 2019 to $235 million and is planning the launch of a London tech hub next year.

/Innovation

Goldman Sachs enlists startup for quantum computing push

Wall Street giant Goldman Sachs is teaming up with Silicon Valley startup QC Ware to investigate the use of quantum algorithms in finance.

/devops

YES Bank launches API marketplace

India's YES Bank has launched an online marketplace where startups from a host of sectors can pitch tools integrated with the lender's APIs.

/Innovation

Nets pilots pay by face

With the tagline ‘Hungry? Face it’, Nets has launched a pilot programme testing facial recognition at a cafeteria in Denamrk.

/Innovation

How to build a successful bank/fintech partnership

Andrea Melville, managing director of commercialisation and propositions, Global Transaction Banking at Lloyds Bank, provides some pointers on how banks and fintechs can build mutually beneficial partnerships.

/retail

Deloitte predicts 'Japanification' of banking in 2020s

Leaders of banks need to look beyond banking in anticipation of disruption to their industry in the next decade, according to Deloitte.

/Innovation

BBVA to leverage Intel partnership for data mining and AI

BBVA has added Intel to its roster of partnerships with top tech firms, following similar agreements with Cisco, Red Hat, Salesforce, Amazon Web Services and IBM.

/Innovation

Third of millennial Brits say primary bank is a challenger

More than one in five UK consumers, and one in three millennial Brits, say their primary banking relationship is with one of the host of challengers to have emerged over the last decade, according to a report from AT Kearney.

/Innovation

Canada's Portag3 closes CAD$427m fintech fund

Canadian outfit Portag3 Ventures has closed a CAD$427 million (US$321 million) fund focused on early stage investments in the fintech sector.

/Innovation

Ex-Barclays Antony Jenkins predicts demise of traditional banking

Former Barclays chief executive believes its the end of the banking world as we know it...and he feels fine.

/Innovation

Swift Operations Forum Europe 2019, Amsterdam - Day 2 report

With the accelerating pace of transformation in financial services, day two of SOFE 2019 explored the direction of travel financial institutions should embark on in order to thrive in this new world.

/sustainable

ECB poised to champion climate change action under Lagarde

As part of a strategic review of the ECB’s purpose, the bank’s president Christine Lagarde will underline action on climate change as a fundamental component of monetary policy.