Innovation

3453 articles tagged with this keyword

/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.

/Innovation

Swift Operations Forum Europe 2019, Amsterdam - Day 1 report

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.

/payments

P27 Momentum: Collaboration is crucial for cross-border 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.

/sustainable

Standardised data reporting is the lynchpin for future of sustainable finance

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.

/Innovation

Siam Commercial Bank to spin off tech ops in bid to create fintech unicorn

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.

/Innovation

BNY Mellon saving hundreds of hours a year processing emails with AI

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.