Latest Innovation News: Finextra Research

ECB paper warns of regulatory arbitrage on crypto-assets

While crypto-assets do not currently pose a threat to the euro area's financial stability, a disjointed approach at the national level could trigger regulatory arbitrage and hamper the resilience of the region's financial system, says an ECB paper.

17 May 2019

News/Innovation

Swedbank to take over Barclays Rise in Lithuania

Swedbank is to take over Barclays financial technology centre, Rise Vilnius, following the UK bank's decision to shutter its operations in Lithuania.

17 May 2019

News/Innovation

ABN Amro to launch blockchain and IoT platform for trade inventories

ABN Amro is looking to launch a blockchain platform for the commodities industry that uses the Internet of Things to communicate directly with physical trade inventories.

17 May 2019

News/startups

Tokyo opens 'Fintech Business Camp' for foreign startups

The Tokyo Metropolitan Government is inviting applications from foreign fintech startups to join an accelerator programme which will provide them with unrivalled access to leading companies in Japan's financial sector.

17 May 2019

News/Innovation

BNP Paribas rolls out hologram projection technology

BNP is to offer clients the opportunity to chat with a holographic projection of members of its real estate, corporate and institutional banking and wealth management teams.

17 May 2019

News/Innovation

Sixteen startups selected for EBAday Fintech Zone

Sixteen of Europe's top fintech startups have been selected to demo their products to a prestigious panel of senior banking executives at this year's EBAday symposium in Sweden.

17 May 2019

News/Innovation

Brits wary of new banking tech, despite high demand

Brits expect their banks to deliver the latest technology to them but are less likely to rush to use it, suggests a survey from ING.

15 May 2019

News/Innovation

Visa partners Bahrain FinTech Bay

Visa is teaming up with Bahrain FinTech Bay to boost the financial technology ecosystem in the Kingdom.

13 May 2019

News/Innovation

SoftBank Vision fund invests $800m in UK fintech

SoftBank's Vision Fund, the largest fintech venture capital fund in the world is reported to be investing $800m in a UK-based supplier of alternative supply chain finance, thereby doubling its valuation to $3.5bn.

13 May 2019

News/Innovation

Report questions value of insurtech despite record investment

Investment in the insurtech sector reached record highs in Q1 2019 yet there is lack of obvious value in the many of the newest insurtech offerings, according to a recent report.

13 May 2019

News/ai

US Congress launches fintech and AI task forces

The US House of Representative is launching task forces looking into fintech and artificial intelligence in financial services.

10 May 2019

News/Innovation

Metro Bank faces shareholder revolt

Shareholders in Metro Bank have been advised to reject the British retail bank's latest remuneration report and abstain in the vote of its directors amid ongoing concerns over accounting practices.

10 May 2019

News/Innovation

DBS retrains call centre staff for digital future

Singapore's DBS has retrained more than 500 call centre employees for the digital age, creating new roles in areas such as social media, voice biometrics and live chat.

08 May 2019

News/Innovation

Digitisation and collaboration on Ireland's agenda

The SWIFT Business Forum Ireland 2019 explored how Irish financial institutions can deliver a truly digital customer experience through a spirit of collaboration, while staying secure against evolving cyber threats.

07 May 2019

News/startups

Morgan Stanley picks startups for Multicultural Innovation Lab

Morgan Stanley has picked 10 technology startups to take part in its accelerator programme for firms who have multicultural or women leaders.

02 May 2019

News/devops

ANZ converts 9000 IT staff to agile development

ANZ has completed the roll out of its 'New Ways of Working' programme to Australian technology staff, converting 9000 team members to the benefits of agile development methodologies.

02 May 2019

News/Innovation

OCC seeks input on innovation pilots

US Federal banking agency the OCC (Office of the Comptroller of the Currency) is soliciting feedback on an innovation pilot programme to provide early regulatory input on new products and business models proposed by financial institutions.

01 May 2019

News/Innovation

Jaguar Land Rover pays car owners cryptocurrency for driving data

Car maker Jaguar Land Rover is testing smart wallet technology that lets drivers earn cryptocurrency and make payments on the move.

30 April 2019

News/regulation

Global sandbox accepts first eight firms

The Global Financial Innovation Network (GFIN), a cross-border regulatory sandbox for firms testing innovative financial products, services or business models across multiple jurisdictions, has selected the first eight firms to participate in the programme.

29 April 2019

News/Innovation

UK Fintech Week: Fintech bodies form national network

As UK Fintech Week kicks off, Innovate Finance, FinTech Scotland and FinTech North have formed a national network designed to encourage innovators up and down the country to connect and form multiple fintech hubs and centres of excellence.

29 April 2019