Innovation

3418 articles tagged with this keyword

/startups

Egypt's Commercial International Bank joins fintech venture trail

Egypt's Commercial International Bank (CIB) is launching the country's first venture capital arm to focus squarely on investment in fintech startups.

/Innovation

UK payment institutions warned of threat from cliff edge Brexit

The European Banking Authority has warned of the dangers to UK payment institutions in the event of a no-deal Brexit.

/Innovation

LiquidShare moves into pilot phase

LiquidShare, a blockchain-based post-trade settlement infrastructure for shares in small and medium sized enterprises (SMEs), has entered into a pilot phase with 15 market participants trading over Euronext.

/Innovation

Spanish banks rail against Big Tech threat

Spanish banks have warned of the potential financial stability implications of Big Tech firms like Goolge, Amazon and Facebook entering the financial services industry.

/Innovation

GDPR will stagger rate of consumers sharing data with banks over ten years - Tandem Bank

In an interview with Finextra, Tandem Bank’s chief operating officer Nick Bennett revealed that the more data protection is regulated, the slower attitudes towards privacy will change.

/Innovation

Icici adds investment tool to revamped mobile app

India's Icici has overhauled it mobile banking app, introducing a host of features, including a robotics-based investment advice tool and voice-command fund transfers.

/Innovation

Sberbank runs accelerator for inhouse staff

Russia's Sberbank has invited all of its 300,000 employees to take part in an inhouse accelerator programme with a promise to invest in the best ideas to emerge.

/Innovation

‘Digital lipstick’ will not make banks ‘sexy’ enough to become tech companies

DBS Bank’s chief innovation officer Neal Cross has warned the audience at Fintech Connect 2018 that European banks are getting digitisation and open banking completely wrong by failing to adequately address customer pain points.

/ai

AI, Big Tech and the cloud will damage the banking industry if not embraced - Citibank

Citibank’s global head of bank research Ronit Ghose kicked off this year’s EMEA Media Summit by highlighting how artificial intelligence, Big Tech and core banking systems on the cloud will disrupt financial services.

/Innovation

IBM teams up with Thought Machine to hawk cloud-based core banking system

Thought Machine, the core banking startup set up by a gaggle of former Google engineers, has inked a global implementation partnership deal with IBM, gaining a heavyweight partner in its efforts to win over big clients.

/Innovation

US regulators push for new technology to tackle financial crime

US regulators have promised not to penalise banks that use artificial intelligence tools to spot gaps in existing anti-money laundering programmes, paving the way for the use of new technologies to tackle illicit financial activity.

/Innovation

Zopa gets banking license

Zopa has received a UK banking license, paving the way for the peer-to-peer lending pioneer to launch a brand-new suite of financial products built on proprietary technology.

/Innovation

Rabobank combines bond trading and bank loans for SME business financing

Rabobank is partnering with Nxchange to provide small and medium sized business with access to a tradable bond platform for loan financing.

/Innovation

Swift Operations Forum Europe 2018, Amsterdam - Day 3 report

Day 3 of the Swift Operations Forum Europe (SOFE) 2018 featured a look at how the new era of open banking will have a dramatic impact on the financial services market.

/Innovation

Switzerland adopts new fintech authorisation rules

The Swiss government has amended its Banking Act to include new authorisation rules for fintechs in its latest bid to boost innovation in the sector.

/Innovation

ECB launches real-time payments system

The European Central Bank has unveiled its response to the rise of digital wallets with the launch of Target Instant Payments Settlement (TIPS), a pan-eurozone instant payments system.

/Innovation

Commerzbank builds trade finance innovation lab

Commerzbank has set up an innovation lab in Dortmund to investigate the use of technologies such as DLT in trade finance.

/regulation

Kuwait joins fintech sandbox rush

Kuwait's central bank is launching a regulatory sandbox for startups, joining a crowded regional field jostling to become the Middle East's top fintech spot.

/startups

Mastercard backs Polish startup factory

Mastercard is joining forces with Polish corporate innovation centre The Heart to open a 'startup factory' that builds financial services-focussed tech firms.

/Sibos

Swift Operations Forum Europe 2018, Amsterdam - Day 1 report

Innovation in financial services and the application of new technologies dominated conversation on day 1 of the Swift Operations Forum Europe (SOFE) 2018.