3418 articles tagged with this keyword
News/Innovation
Financial services innovation and how industry participants can keep up with ecosystem culture were two of the key themes on day 1 of the Swift Operations Forum Europe (SOFE) 2019.
28 November 2019
News/payments
Driving community discussion on P27, payments professionals from across the Nordic region are gathering in Stockholm for NextGen Nordics: P27 Momentum to reflect on how this project will deliver a pan-Nordic clearing platform to settle domestic and cross-border multiple currencies.
26 November 2019
News/sustainable
In a recent survey by State Street Global Advisors, 52% of European investors cited regulation as the key driver toward ESG adoption. Yet, despite attempts to introduce regulatory requirements, a lack of standardisation in reporting obligations is proving a significant challenge towards achieving meaningful progress.
Siam Commercial Bank is to spin off some of its technology operations as separate companies in a bid to monetise its investment in IT at a time of sluggish earnings in the Thai banking sector.
22 November 2019
Hans Brown, BNY Mellon's global head of innovation, tells Finextra that the bank's operations team has applied AI to the relatively mundane task of reading e-mails and auto-forwarding them to the relative department.
News/retail
Santander has put its technological weight behind a left field project: a device that enables blind people to experience football matches through their fingertips.
21 November 2019
ABN Amro has doubled the size of its fintech venture fund from EUR50 million to EUR100 million, as it continues its search for startups with potential to reshape the future of financial services.
20 November 2019
Westpac has built a new cloud-based platform with Microsoft which draws on data sources from across the bank to provide real-time, personalised services to customers.
News/regulation
In a landmark statement, the UK Jurisdiction Taskforce of the Lawtech Delivery Panel today set out the recognition of cryptoassets as tradable property, and smart contracts as enforceable agreements under English Law.
18 November 2019
A Nestle grocery store in Spain has implemented a face payment system developed by CaixaBank and the bank's Payment Innovation Hub alliance, comprising partner institutions Global Payments, Visa, Samsung and Arval.
15 November 2019
Westpac CEO Brian Hartzer says the bank wants to recreate the personal touch of the old-time bank manager by using artificial intelligence technology to pander to each customer's particular needs.
Closing a second round of funding with a $3 million investment, AI powered smart savings app Plum now boasts a total lifetime investment of $9.3 million.
13 November 2019
80% of financial institutions will become irrelevant by 2030 due to their inability to compete with digitally-savvy rivals, according to research by Gartner.
Research by wealthtech provider, Nucoro, shows that only 8% of people believe a robo-adviser would provide the best returns on their money.
While the Sustainable Development Goals (SDGs) set by the United Nations General Assembly for 2030 are ambitious, the financial services industry will play a crucial role in supporting countries with implementing new approaches to build momentum and accelerate progress.
12 November 2019
India's YES Bank has laid claim to the launch of the country's largest developer platform, housing an array of 50 APIs for use by third parties.
A new report from HSBC reveals that the traditional products-based approach in retail banking will be replaced by hyper-personalised services, where customer personal data will be collated to form a central digital ID.
In a roundtable discussion held Wednesday in London hosted by digital payments firm PPRO, industry leaders met to explore the impact PSD2 has imposed on key players in Open Banking and the changes needed to achieve the regulation’s objective in 2020 and beyond.
06 November 2019
Issuing a draft Guidance Paper last week, the Financial Action Task Force (FATF) urges financial institutions to ready themselves for the impending global expansion of digital identification systems.
04 November 2019
DBS has developed a hybrid human-robo investment service which is now available to customers in its native Singapore.
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