Latest Innovation News: Finextra Research

MUFG launches $185m fintech fund

Japan's Mitsubishi UFJ Financial Group (MUFG) has set up a $185 million venture capital fund to invest in fintech startups.

11 January 2019

News/Innovation

US shutdown impacts fintech market

The ongoing shutdown of the US government, sparked by a disagreement over funding for border security, is starting to impinge on the US fintech industry, according to reports.

11 January 2019

News/Innovation

Scotland's fintechs treble in number

The number of fintechs based in Scotland has increased threefold in the last 12 months following an initiative between government, academia and the finance industry designed to boost the sector.

11 January 2019

News/Innovation

Open Banking year one: Insights from the CMA9 and more

A review of the first year of the UK’s groundbreaking experiment in Open Banking. What worked? What didn’t? And what next?

11 January 2019

News/Innovation

N26 becomes Europe's most valuable fintech startup

German digital bank N26 has become Europe's most highly valued non-listed fintech startup following a $300 million fundraising round that prices the company at $2.7 billion.

10 January 2019

News/Innovation

Standard Chartered appoints global digital head

British bank Standard Chartered (SC) has hired Martijn De Jong as the global head of its Digital Channels & Data division.

10 January 2019

News/devops

Developer experience is crucial to the consumer Open Banking offering

In an interview with Finextra, ForgeRock’s VP of financial services and regulatory, Nick Caley reveals that both PSD2 and Open Banking have created a template that other countries are looking to mimic by implementing standards in Europe.

10 January 2019

News/Innovation

The Innovation Game: Escaping legacy with new technology

APIs and cloud-based systems and low code developer tools are enabling banks to create a more open service, and this hybrid utilisation of new technology with legacy systems is a way to deliver new services, fast, without undergoing wholesale core transformation.

09 January 2019

News/Innovation

India central bank convenes digital payments panel

Reserve Bank of India (RBI) has recruited the Infosys chairman Nandan Nilekani to head up an advisory panel on the development of digital payments.

09 January 2019

News/Innovation

Investment Association opens second fintech cohort

The trade body for the UK's fund management industry, the Investment Association (IA), has extended its fintech accelerator initiative with the launch of a second cohort.

09 January 2019

News/retail

Brits more likely to get divorced than dump their bank – Tandem

With the 8th of January marking Divorce Day – the UK’s most popular day to start divorce proceedings - Tandem Bank product director Matt Ford revealed that despite the act of changing banking provider becoming simpler, consumers are still misinformed and discouraged.

08 January 2019

News/Innovation

Google gets payments licence in Ireland

Ireland's central bank has granted authorisation for Google to operate as a payments institution, a move that could see the big tech giant significantly expand its financial services offerings across the European Union.

07 January 2019

News/Innovation

Challenger bank Chetwood gets UK banking licence

Chetwood Financial, which is backed by UK hedge fund Elliott Management, is the latest challenger bank to be granted a full UK banking licence.

07 January 2019

News/Innovation

Mastercard appoints first chief experience officer

Mastercard has hired Donald Chesnut from SapientRazorfish as it first chief experience officer.

04 January 2019

News/Innovation

JPMorgan recruits for blockchain delivery manager

JPMorgan is advertising for a blockchain delivery manager, to develop and execute a "comprehensive distributed ledger technology strategy" for the Corporate and Investment Bank.

03 January 2019

News/Innovation

BBVA reaches global digital tipping point

Spanish banking giant BBVA claims to have reached a global digital tipping point, with more than 50% of customers now accessing products and services through remote electronic channels.

03 January 2019

News/startups

Fountain City Fintech grads win investment from nbkc

Kansas City-based nbkc bank has invested in two Bay Area graduates of its Fountain City Fintech programme, a 75-day accelerator for scaling promising startups.

02 January 2019

News/Innovation

Lights, camera, action! Finextra TV highlights 2018

It’s been a busy year for the Finextra TV team, posting 251 video interviews with leading industry figures during the course of 2018. Here are the top five by viewing figures.

21 December 2018

News/Innovation

2018: The future of banking in the spotlight as digital trends take hold

As Finextra pulls the shutters down on 2018, we take a look back at our most popular news items and community engagement activities over the course of the past year. The site will re-open for business on 2 January 2019.

21 December 2018

News/Innovation

Finextra Research roundup: AI and Digital ID to the fore

Some very interesting narratives have emerged over the course of 2018 through Finextra’s reports, most of which we expect to progress into increasingly diverse and innovative discussions during 2019.

21 December 2018