3443 articles tagged with this keyword
News/Innovation
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.
05 December 2019
Canadian outfit Portag3 Ventures has closed a CAD$427 million (US$321 million) fund focused on early stage investments in the fintech sector.
04 December 2019
Former Barclays chief executive believes its the end of the banking world as we know it...and he feels fine.
02 December 2019
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.
29 November 2019
News/sustainable
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.
28 November 2019
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.
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
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
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