Latest Innovation News: Finextra Research

OCBC trials tech from fintech challenge graduates

OCBC Bank is running pilot trials of technology from two fintech startups that use machine learning tools to sift through trading data in search of suspicious activity.

11 September 2018

News/Innovation

Fintech: From threat to ally

Hugo Bongers, head of ABN Amro's Digital Impact Fund, explains the bank's criteria for selecting and investing in fintech startups.

10 September 2018

News/Innovation

Sberbank and 500 Startups launch Russian IT accelerator program

Sberbank is teaming up with international accelerator 500 Startups to launch a programme for for young Russian IT firms working in areas including fintech and ecommerce.

06 September 2018

News/Innovation

UK's Tech Nation picks 20 fintech programme members

The UK government-backed Tech Nation has picked 20 early-stage startups to join its new fintech programme, promising to give them intensive backing to help grow their businesses and the country's financial technology ecosystem.

06 September 2018

News/Innovation

SynapseFI raises $17m for fintech back office platform

SynapseFI, a San Francisco-based startup that provides things like payment and lending products to fintech firms via APIs, has raised just over $17 million in a Series A funding round led by Trinity Ventures and Core Innovation Capital.

05 September 2018

News/Innovation

NAB doubles down on fintech venture fund

NAB is committing an additional $50 million over the next two years to its corporate venture capital fund, NAB Ventures, taking the total fund to $100 million until 2020.

05 September 2018

News/Innovation

Munich Re pays $300m for IoT specialist relayr

Reinsurer Munich Re has agreed a $300 million deal to buy relayr, a Berlin-based Internet of Things (IoT) startup that helps industrial companies extract valuable data from their machinery.

05 September 2018

News/Innovation

IBM to demo blockchain-based payment system at Sibos

IBM is preparing to demonstrate a blockchain-based alternative payments system to international banking representatives attending the annual Swift operations conference in October in Sydney.

04 September 2018

News/Innovation

Deutsche Bourse sets up dedicated blockchain and crypto-assets unit

Deutsche Bourse has set up a dedicated 'DLT, Crypto Assets and New Market Structures' unit to further advance its work into the transformational potential of blockchain technology.

03 September 2018

News/Innovation

Sage CEO steps down amid cloud problems

Accounting software firm Sage has parted company with its chief executive following problems encountered in the migration of its service to the cloud

31 August 2018

News/Innovation

JP Morgan hires senior AI exec

US bank JP Morgan has hired a former Google executive as its new head of artificial intelligence (AI) and machine learning (ML).

29 August 2018

News/Innovation

Starling to help RBS develop digital bank

Royal Bank of Scotland (RBS) has reportedly enlisted the help of challenger bank Starling in its efforts to develop a digital bank of its own.

28 August 2018

News/Innovation

SoftBank to invest $100m in Chinese insurtech JV

Japanese multinational SoftBank, one of the most prolific fintech investors, is set to spend $100m on a joint venture with Chinese digital insurer ZhongAn Online.

28 August 2018

News/Innovation

Equity Bank spins off digital arm as standalone fintech startup

Equity Group Holdings, Kenya's second-largest bank, is spinning off its tech subsidiary into a commercial entity, dubbed Finserve.

24 August 2018

News/Innovation

Singapore presses ahead with blockchain-based Project Ubin

Singapore's central bank is working with the Singapore Exchange and three technology partners - Anquan, Deloitte and Nasdaq - to develop Delivery versus Payment (DvP) capabilities for settlement of tokenised assets across different blockchain platforms.

24 August 2018

News/Innovation

CBA applies blockchain and IoT to agribusiness

Commonwealth Bank of Australia is experimenting with the use of Internet of Things and blockchain technology to help business clients more efficiently buy and manage expensive assets such as farming equipment.

24 August 2018

News/Innovation

AI creating big winners in finance, but risks emerge

Artificial intelligence is changing the finance industry, with some early big movers already monetising their investments in back-office AI applications. But as this trend widens, new systemic and security risks may be introduced in the financial system, warns a new report from the World Economic Forum and Deloitte.

24 August 2018

News/Innovation

Latvian fintech entrepreneurs buy Colorado National Bank

The owners of Latvian payments firm Transact Pro have acquired a small Colorado bank, promising to overhaul it for the 21st century.

23 August 2018

News/Innovation

Paytm rolls out AI cloud for India's developers

India-based digital payments firm Paytm has announced the launch of AI Cloud India, a platform designed to help developers, startups and small businesses create their own payment-related apps and services.

21 August 2018

News/Innovation

Thomson Reuters and Singapore fintech group join to fight cybercrime

The Singapore FinTech Association (SFA) and Thomson Reuters are to collaborate on projects to promote the country's fintech industry and strengthen its fight against cybercrime.

21 August 2018