Latest Innovation News: Finextra Research

IoT and blockchain to the fore in CIMB trade finance transaction

The Singapore branch of CIMB Bank Berhad has completed a trade financing transaction for the import of dairy products into China using IoT cargo sensors and a distributed ledger platform from blockchain firm iTrust.

18 October 2019

News/Innovation

UOB devises digital learning programme for all staff

Singapore's United Overseas bank is to put all of its 26,000 employees through a 12-week learning and development programme designed to help them prepare for a digital future.

16 October 2019

News/Innovation

NatWest launches digital and innovation apprentice programme

UK bank NatWest has teamed up with a social mobility charity to launch a digital and innovation apprentice programme.

15 October 2019

News/Innovation

Where do incumbents look for game-changing innovation?

How can the established players in financial services deliver meaningful game-changing innovation? What are the challenges in building this from scratch and does the key lie in partnerships with fintechs and start-ups?

14 October 2019

News/Innovation

OTP Group shifts gears for late-stage startup programme

Hungary's OTP Group is inviting late-stage startups to apply for a Group-wide pilot programme aimed at finding fresh applications for long-term commercial deployment at the bank.

14 October 2019

News/Innovation

ING joins Dutch AI taskforce

ING has joined a taskforce to promote the development and acceptance of artificial intelligence technology in the Netherlands, part of a national initiative to halt a brain drain of talent to AI powerhouses like the US and China.

11 October 2019

News/Innovation

New fintech envoy appointed for Northern Ireland

A top executive of a data analytics company has been hired as the UK government's new fintech envoy for Northern Ireland

07 October 2019

News/Innovation

Investment Association to open Birmingham fintech hub

The UK's Investment Association is offering ten fintech firms free co-working space at a newly-established Fintech Hub, set to open in Birmingham next year.

04 October 2019

News/Innovation

Bank jobs to be decimated by new technology

Analysts at Wells Fargo are forecasting that up to ten percent of bank jobs in the US will be wiped out by ongoing technological progress in the next ten years.

02 October 2019

News/wholesale

SocGen introduces 'Hedge to Pledge'

Societe Generale Corporate & Investment Banking (SG CIB) is offering clients the option to round up their foreign exchange transactions on electronic market platforms and give the difference to good causes.

30 September 2019

News/Innovation

Nationwide establishes 'Open Banking for Good' incubator in Covent Garden

Nationwide Building Society is working with five fintech startups in a collaboration space in London's Covent Garden as part of its £3 million Open Banking for Good challenge.

30 September 2019

News/Innovation

Sibos 2019: How to bank sustainably for a better world

The fourth and final day of Sibos 2019 in London focused on sustainability and climate risk finance, with Sir Roger Gifford, chair of the Green Finance Institute, kicking off talks on the Spotlight stage.

26 September 2019

News/Sibos

Sibos 2019: Recruiting the next generation of finance and technology players

At Sibos 2019, business leaders from across the globe come together to discuss the future of financial services and how engaging and employing skilled individuals now goes beyond salary, security and stability.

26 September 2019

News/payments

Visa opens resource portal for fintechs

Visa is looking to cosy up to fintech firms through the launch of an online portal giving them "unprecedented" access to its technologies and network.

26 September 2019

News/Innovation

Bank of America piles on the patents

Demonstrating an impressive appetite for technology and intellectual property protection, Bank of America once again scoops the crown for most US patents held by a financial institution.

26 September 2019

News/payments

Nick Ogden launches cross-border liquidity network RTGS.global

Finextra can exclusively reveal that Nick Ogden, creator of fintech heavyweights Worldpay and ClearBank, is spearheading an initiative to improve the speed and performance of international payments. At Sibos in London he is gathering support behind RTGS.global, a new business designed to remedy the problems involved with the invisibility of liquidity between countries.

25 September 2019

News/Innovation

Sibos 2019: How to innovate beyond open banking

Spotlight sessions at Sibos 2019 in London had one key message: change is the only constant in open banking. Lisa Robins, global head of transaction banking at Standard Chartered, kicked off afternoon keynotes at the Excel Centre by comparing how Shazam solves the problem of forgetting the name of songs to how open banking has disrupted the financial services industry.

23 September 2019

News/Innovation

Sibos 2019: Should banks trust in the UK despite Brexit uncertainty?

Welcoming business leaders and industry experts to the Excel Centre in London for Sibos 2019, Swift innovation manager Innes Macleod takes to the stage to divulge Innotribe’s mission and reflect on the technological and societal changes that are challenging the financial services sector, with input from renowned experimental physicist and celebrity figure Professor Brian Cox.

23 September 2019

News/Innovation

Incumbents vs neobanks: Leverage new technology or risk crumbling

Financial institutions are focusing heavily on digital transformation driving innovation, better customer experience and cost reduction as they shift gears from simply meeting regulatory and compliance needs to remain relevant in a digital world.

20 September 2019

News/Sibos

The future of instant payments: no shortage of change

Martin Fiddaman, managing director, head of financial institutions and professional services at NatWest, shares his insights on technology, regulation and changing customer demands ahead of Sibos.

20 September 2019