Latest Innovation News: Finextra Research

Tinkoff introduces Oleg the voice assistant

Russia's Tinkoff has unveiled Oleg, a "polite but also firm" voice assistant who can help customers with everything from transferring money to making restaurant reservations.

14 June 2019

News/startups

Fintech startups win a share of £25 million from RBS bail out fund

Five fintech startups - Codat, Fluidly, Form3 Funding Options and Swoop Finance - are the latest beneficiaries of the RBS bail out fund, each picking up £5 million in awards to boost competition in the market for SME banking.

14 June 2019

News/Innovation

BNY Mellon's Pershing in digital transformation drive

BNY Mellon's Pershing unit has unveiled a host of initiatives designed to help clients streamline and digitise their wealth management efforts.

13 June 2019

News/payments

Swedish central bank looks to TIPS for instant payments

Sweden's central bank says it plans to join the ECB's Target Instant Payment Settlement (TIPS) system to bring 24/7 real-time payments to the country by 2021.

12 June 2019

News/Innovation

Desjardins sets up $45 million fintech investment facility

Canadian financial services co-operative Desjardins has created a $45 million fintech investment pool to support its push into digital services.

11 June 2019

News/Innovation

IMF warns of Big Tech threat to financial stability

The International Monetary Fund has warned that the arrival of Big Tech firms in financial markets could lead to systemic challenges to financial stability and efficiency.

11 June 2019

News/ai

HSBC ramps up artificial intelligence efforts with Element AI partnership

HSBC is working with Canadian artificial intelligence firm Element AI to help analyse data from clients of its Global Banking and Markets (GMB) unit.

10 June 2019

News/Innovation

Synapse raises $33 million to build the 'AWS of banking'

Synapse, a San Francisco-based startup aiming to become the 'AWS of banking', has raised $33 million in a Series B funding round led by Andreesson Horowitz fund a16z.

10 June 2019

News/Innovation

Blockchain benefits limited for retail banks - report

A report from management consultant McKinsey suggests that retail banks have been slower to adopt blockchain technology because they face more challenges in reaping the potential benefits.

07 June 2019

News/Innovation

S Korea bemoans slow pace of its fintech market

An immature ecosystem and a lack of competition is slowing down South Korea's fledgling fintech industry according to the country's financial regulator

07 June 2019

News/Innovation

Mega M&As fuel record growth in fintech deals

A flurry of large M&A deals and the popularity of contactless payments have helped to create a record volume of fintech deals, according to a recent report, but also raised fears that the market may be overcrowded and reaching peak status.

06 June 2019

News/devops

FS industry ready to shift from Open Banking to 'Open X' - Capgemini

The financial services industry is already looking beyond Open Banking to the next phase of innovation, 'Open X', which will require deeper collaboration and specialisation, claims the latest World Fintech report from Capgemini.

06 June 2019

News/Innovation

Report lays out Nordic fintech manifesto

The majority of fintechs in the Nordic and Baltics belive that the region can dominate the fintech landscape in years to come but only if they can secure greater access to investment capital.

05 June 2019

News/ai

Money 20/20 Europe 2019: The interplay of AI, cloud, blockchain and quantum computing

On the final day of Money 20/20 Europe 2019 in Amsterdam, Jesse McWaters, financial innovation lead at the World Economic Forum starts the day discussing the interplay of AI, cloud, blockchain and quantum computing, and what happens when it all collides.

05 June 2019

News/Innovation

Money 20/20 Europe 2019 Q&A: ING’s Benoît Legrand

Benoît Legrand, chief innovation officer at ING, graced the stage at Money 20/20 Europe in Amsterdam to discuss how the Dutch bank has developed and deployed its own innovation methodology. Ahead of the session, Finextra spoke to Legrand about post-Brexit Amsterdam, where ideas for innovation comes from and what platforms actually are.

05 June 2019

News/Innovation

UK fintech growth programme invites applications

The UK government-backed Tech Nation is inviting applications for the second cohort of its fintech growth programme, which promises to give members intensive backing to help grow their businesses and the country's financial technology ecosystem.

05 June 2019

News/Innovation

Money 20/20 Europe 2019: Is Open Banking a complete fiasco?

On the Industry Transmutation stage at Money 20/20 Europe 2019 in Amsterdam, Dave Birch, global ambassador at Consult Hyperion opens an afternoon of sessions on Open Banking and the potential it has to reshape the way the financial services industry works.

04 June 2019

News/Innovation

Tencent leads $35m investment in UK fintech

Chinese e-commerce giant Tencent is heading up a $35 million financing round for UK-based startup TrueLayer, further adding to its growing portfolio of fintech investments.

04 June 2019

News/Innovation

Money 20/20 Europe 2019: The future of B2B banking

What can we expect from the banking industry in 2019? The second day of sessions at Money 20/20 Europe 2019 answers this question, with Drew Graham, director, digital strategy at Barclays, kicking off proceedings with Claire Calmejane, group chief innovation officer at Société Générale, Dr. Leda Glyptis, 11:FS Foundry CEO and chief of staff at 11:FS and Anne Boden, CEO and founder of Starling Bank.

04 June 2019

News/Innovation

Money 20/20 Europe 2019: Stop innovating, start executing

Money20/20 Europe dives deep into three debates that continue in boardrooms across Europe around the subject of cultural innovation, technology innovation and external innovation.

03 June 2019