Latest Innovation News: Finextra Research

HSBC expands technology scale-up lending by £100 million

HSBC UK has announced the expansion of its ‘Growth Lending’ fund from £250 million to £350 million in response to growing demand from high-growth tech scale-ups.

22 December 2023

News/cloud

Financial Cloud Summit 2024: What to expect at next year’s conference

Finextra Research will be hosting its second Financial Cloud Summit conference on March 7th 2024 at King’s Place in London.

15 December 2023

News/startups

Canapi Ventures raises $750m fintech fund

Canapi Ventures, a VC firm focussed on fintech startups, has raised $750 million for its second fund.

08 December 2023

News/regulation

AI Act: Industry warns EU against overregulation

Digital Europe, a digital technology trade association, has warned the EU against overregulating in its upcoming AI bill in a letter this week.

24 November 2023

News/retail

CBA using Gen AI to create 'synthetic customers' for testing of new products

Commonwealth Bank of Australia (CBA) is studying the use of generative AI to create 'synthetic customers' capable of emulating human behaviour, to test the response to new products and services.

23 October 2023

News/sustainable

Sustainable Finance Live 2023: Hackathon Winners announced

We Succeed Together and Team Thrive have been announced as the winners of the Sustainable Finance Live 2023 hackathon, which took place 2 - 13 October 2023 alongside the conference, in partnership with NayaOne.

17 October 2023

News/sustainable

Sustainable Finance Live 2023: The bank’s role in financing sustainable cities

Moving swiftly to the interactive workshop, the session Sustainable Finance Live is known for was hailed as being a rapid cocreation opportunity for attendees and where ideas became reality in just an hour.

10 October 2023

News/sustainable

Sustainable Finance Live 2023: How to move fast and break things to disrupt the inertia

Kicking off Sustainable Finance Live 2023 at Events@no6 in London, founder of ResponsibleRisk Richard Peers, highlighted the objective of this year’s event, to bring people together in their likeminded desire to drive sustainability in their work.

10 October 2023

News/cloud

Amazon Web Services and Microsoft cloud duopoly to be investigated by Ofcom

Historically, it could be argued that financial institutions were beholden to pick between AWS, Google Cloud and Microsoft Azure for all workloads due to availability, but with other smaller cloud providers offering private cloud fabrics, financial organisations are considering hybrid or multicloud options. However, Ofcom has an alternative view.

06 October 2023

News/security

Singapore's retail banks take steps to enhance cybersecurity

The Association of Banks in Singapore (ABS) announced that major retail banks in Singapore have enhanced their security measures in a bid to combat an increasingly complex cyber-threat environment.

18 September 2023

News/startups

African startups raise $2.7bn in VC funding

Startups in Africa's fintech market have secured more than $2.7bn in venture capital (VC) funding in the last two years, according to a recently released report.

30 August 2023

News/startups

Irish fintech funding slows down

Funding levels in Ireland's fintech sector have fallen again in the last 12 months due to economic and geopolitical challenges.

21 August 2023

News/regulation

Innovate Finance calls for innovation in response to HM Treasury

Innovate Finance has submitted a response to HM Treasury’s Call for Proposals on how to measure success in relation to the financial regulators’ new secondary objectives, emphasising that supporting innovation in FinTechs is key to ensuring competitiveness.

18 August 2023

News/payments

Indonesia and Singapore set to introduce QR code payments

The central banks of Singapore and Indonesia are planning to introduce the use of QR codes for cross-border payments between the two countries.

17 August 2023

News/payments

CaixaBank launches cross-border payment ‘wallets’

CaixaBank will become the first Spanish bank to offer a virtual account service for currencies to all companies through the bank’s currency markets platform, FXNow.

03 July 2023

News/crime

BBVA builds global financial crime prevention unit

BBVA has announced the launch of a unit to further strengthen the bank’s financial crime prevention structure.

03 July 2023

News/payments

EBAday: Collaboration and the future of fraud prevention in PaaS

The second day of EBAday 2023 started off with the hot topic of Payments as a Service (PaaS), and specifically some of the preventative measures which need to be undertaken to secure PaaS against cyber-attacks and fraud.

23 June 2023

News/people

EBAday: Banking leadership needs just as much innovation as banking technology

For this year’s EBAday Challenge Speech, Claudia Olsson, CEO and founder, Stellar Capacity and Young Global Leader of the World Economic Forum, provided new perspectives in understanding technology’s impact on society, people and leadership.

20 June 2023