Innovation

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CaixaBank, Global Payments and Ingenico invest EUR5 million in startup programme

/Innovation

CaixaBank, Global Payments and Ingenico invest EUR5 million in startup programme

CaixaBank, Global Payments and Ingenico have joined forces to launch an international innovation programme aimed at identifying and nurturing promising fintech startups.

Rumours swirl about JPMorgan interest in 10X and London skunkworks project

/Innovation

Rumours swirl about JPMorgan interest in 10X and London skunkworks project

JPMorgan is on the cusp of making a sizeable equity investment in 10x Future Technologies, the fintech startup founded by former Barclays boss Antony Jenkins.

BBVA sets up 'AI Factory'

/Innovation

BBVA sets up 'AI Factory'

BBVA has set up an 'AI Factory', housing over 150 data scientists, engineering and departmental heads to create a global hothouse for smart, data driven technology development.

ABN Amro explores the security applications of quantum technology

/Innovation

ABN Amro explores the security applications of quantum technology

ABN Amro is joining forces with a Dutch university and a scientific research organisation to investigate how quantum technology could help guarantee the security of mobile and online banking.

P27 selects Mastercard as Nordic payment infrastructure partner

/Innovation

P27 selects Mastercard as Nordic payment infrastructure partner

Nordic bank-backed P27 has struck a deal with Mastercard to provide the underlying infrastructure for its real-time, cross-border payment project.

Carney positive on Facebook's Libra; says BofE could open up balance sheet to new players

/Innovation

Carney positive on Facebook's Libra; says BofE could open up balance sheet to new players

Facebook's new digital currency, Libra, could "substantially improve financial inclusion and dramatically lower the costs of domestic and cross border payments," Bank of England governor Mark Carney has said in a speech during which he also revealed the central bank could open up access to its balance sheet to new payment providers.

NAB pledges $1.4bn funding for Aussie tech sector

/Innovation

NAB pledges $1.4bn funding for Aussie tech sector

National Australia Bank (NAB) is to commit AUS$2bn ($1.38bn) to support Australia's technology sector.

EBAday 2019: Bleckwen scoops Fintech Zone prize

/Innovation

EBAday 2019: Bleckwen scoops Fintech Zone prize

After two days of live pitches from 15 cutting-edge fintech startups from across Europe and beyond, Bleckwen has been named the 2019 EBAday Fintech Zone best in show winner and will receive promotional and educational services from Finextra and the EBA.

Regulators and politicians respond to Facebook's crypto plans

/Innovation

Regulators and politicians respond to Facebook's crypto plans

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.

EBAday 2019: Is cashless across Europe attainable?

/payments

EBAday 2019: Is cashless across Europe attainable?

The message is clear at EBAday 2019: Sweden does not accept cash. While the ABBA Museum may prefer card or mobile payments, Frantz Teissedre, head of interbank relationships at Société Générale, believes that a purely cashless society across Europe may be ambitious.

Live: EBAday 2019, day two

/Innovation

Live: EBAday 2019, day two

Payments professionals from across Europe are gathering in Stockholm this week for EBAday 2019, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

UK fintech salaries on the rise - report

/Innovation

UK fintech salaries on the rise - report

Jobs in the UK's fintech sector have grown by 61% in the last year while demand for skilled workers has seen salaries rise by as much as 25% according to a recently published report.

India to review payments data storage rule

/Innovation

India to review payments data storage rule

The Indian central bank has been persuaded to reconsider a controversial law that mandates payments data should not be allowed to leave India's borders.

EBAday 2019: How to champion women in payments

/Innovation

EBAday 2019: How to champion women in payments

EBAday 2019 takes a fresh look at diversity during a lunchtime debate on best practices in national and corporate work policies, culture and how to ensure that dynamic work environments work for all genders in this industry.

Italy's banks to use DLT for reconciliations

/Innovation

Italy's banks to use DLT for reconciliations

The Italian Banking Association (ABI) has revealed that the country's banks will be using distributed ledger technology (DLT) to run its reconciliations as of March 2020, making it the first use of the blockchain among Italy's banks.

Facebook reveals digital wallet plan

/Innovation

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

NatWest's Bó selects Loot founder and his team

/Innovation

NatWest's Bó selects Loot founder and his team

Bó, the digital bank developed by RBS-owned NatWest, has recruited the founder of Loot, an online banking service aimed at millennials that went into administration last month.

EBAday 2019: Banks can learn from Sweden’s Greta Thunberg and Vision Zero

/Innovation

EBAday 2019: Banks can learn from Sweden’s Greta Thunberg and Vision Zero

At EBAday 2019, the Euro Banking Association’s chairman of the board Wolfgang Ehrmann posits that there is a lot to be learnt from Sweden’s Vision Zero initiative, but also Swedish climate change activist Greta Thunberg.

Live: Ebaday 2019, day one

/Innovation

Live: Ebaday 2019, day one

Payments professionals from across Europe are gathering in Stockholm this week for EBAday 2019, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

Nordic banks to cut compliance staff in favour of robots

/Innovation

Nordic banks to cut compliance staff in favour of robots

Two of the Nordics' biggest banks, Nordea and Danske Bank, expect to significantly reduce the number of staff employed in its compliance and financial crime departments and instead turn to robotics and artificial intelligence.

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