3418 articles tagged with this keyword
News/Innovation
Northern Trust has developed a pricing engine for securities lending that utilises machine learning and advanced statistical techniques to forecast lending rates for 34 global markets.
14 August 2019
PICC Financial Services, the wholly-owned fintech arm of People’s Insurance Company of China, and Singularity Studio have signed an MoU to open a new accelerator in Beijing to promote the development of AI and blockchain-based services for the insurance market.
Mobile bank Tandem is developing the UK’s first crowd-designed mortgage for those hoping to get on the property ladder, allowing priced-out consumers to share their personal mortgage must-haves with the digital challenger.
13 August 2019
New Zealand based companies can now legally pay their employees in cryptocurrency, establishing the controversial asset class as a mainstream form of payment.
Hot on the heels of the US Federal Reserve’s real-time payment and settlement system announcement, Venmo has launched a feature that supports instant transfers to US bank accounts.
NatWest customers will be able to check their bank balance and transactions by talking to their Google smart speakers or smartphones, as part of a new trial.
12 August 2019
News/devops
Traditional banks are still not meeting the expectations of their customers because of the legacy core systems that most financial institutions are saddled with, preventing innovation.
08 August 2019
Backed by DNB and Danske Bank, Nordic API Gateway has opened its payment initiation service, designed to help third-parties build instant account-to-account payment services for both businesses and consumers.
07 August 2019
Korea's Shinhan Card group has begun testing a facial recognition-based payment system within the company's canteen and onsite convenience store.
The Monetary Authority of Singapore has launched 'Sandbox Express', designed to relieve users experimenting with low risk applications of the cumbersome application and approval process demanded under its existing approach.
Standard Chartered has opened its latest innovation lab and fintech incubator in Shanghai, in a bid to tap into the country's vibrant tech ecosystem and expertise in AI and Big Data.
News/payments
Following a slow roll out of ‘Confirmation of Payee’ (CoP) technology, the UK Payment Systems Regulator has ordered Lloyds, RBS Natwest, Barclays, HSBC, Nationwide and Santander to assure implementation by 31 March 2020.
02 August 2019
News/regulation
The Indonesian Financial Services Authority, known as OJK, has shuttered a staggering 826 fintech startups operating without a license in this year alone, despite the increased appetite for the industry in the Southeast Asian nation.
R3, the enterprise blockchain software company, has doubled the size of its London hub amidst Brexit precariousness.
Nationwide is to open a new digital innovation centre in London, creating over 750 new technology jobs.
01 August 2019
Russia's Tinkoff Bank is to sell the proprietary speech recognition software behind its chatbot Oleg to corporate customers.
Caixabank is introducing ATMs that enable customers to withdraw cash using just facial recognition technology at a new 2200 square metre branch in Valencia.
Testifying before the US Senate Committee on Banking, Housing and Urban Affairs, Circle co-founder, chairman and CEO Jeremy Allaire highlighted that the existing financial services system is in dire need of being completely overhauled.
30 July 2019
News/retail
In a first for the island, Taiwan’s Financial Supervisory Commission has issued virtual banking licences to three consortiums – the latest development in the battle between Asian internet firms and the region’s legacy banks for a stronghold over consumer finances.
News/ai
Data science company DataRobot has raised a Series E funding round of an estimated $200 million to develop its artificial intelligence software and automated machine learning, sources have revealed to Xconomy.
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