Innovation

3418 articles tagged with this keyword

/Innovation

Worldpay runs PoC for 'Drone Pay' technology

Worldpay is investigating the use of drone technology and 'contactless doormats' to combat the growing issue of parcel fraud.

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Digital Asset to provide 'blockchain-as-a-service' via Google Cloud

Digital Asset is porting a suite of blockchain-based technology to Google Cloud, providing an on-demand environment for developers to build, test and deploy distributed ledger applications.

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BofE confirms revamped RTGS will be able to interface with distributed ledgers

The Bank of England has confirmed that the rebuild of its real-time gross settlement (RTGS) platform will be able to interface with systems running distributed ledgers following proof-of-concept trials with four fintech firms.

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FS giants in rush for blockchain patents

The great blockchain patent chase continues apace, with Barclays, Mastercard and American Express all filing applications in recent weeks.

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CFPB to create regulatory sandbox for fintech startups

The US Bureau of Consumer Financial Protection has appointed lawyer Paul Watkins to lead the agency's new office of innovation, with a brief to develop a regulatory sandbox to help fintech startups bypass red tape.

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Banco Sabadell's InnoCells pumps EUR7.5 million into Israeli startup fund

Banco Sabadell's digital venture vehicle InnoCells has contributed EUR7.5 million to a tech investment fund run by Cardumen Capital, giving the Spanish bank access to new technological breakthroughs emerging from Israel's thriving startup ecosystem.

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IBM to test dollar-pegged 'stablecoin'

IBM is backing a new US dollar-pegged "stablecoin" as it looks to explore ways to make transaction processing and money transfers faster, safer and more efficient.

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Mum's the word for OCBC's first e-commerce marketplace

Singapore's OCBC Bank has opened its first e-commerce marketplace, 'mumstruly', offering a suite of products and educational features for mums-to-be and young mothers with small children.

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BlackFin Capital Partners closes EUR180 million fintech fund

BlackFin Capital Partners is staking a claim to be the largest independent fintech fund in Europe, after completing a €180-million final closing with participation from top-tier banks and insurance houses.

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Calmejane quits Lloyds Bank to join SocGen

Societe Generale has poached Claire Calmejane from Lloyds Banking Group to spearhead the French bank's innovation programme.

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TD Ameritrade dangles $100,000 carrot for competition

TD Ameritrade has kicked off a crowdsourced fintech competition to develop a new generation of tools for Registered Investment Advisors, with $100,000 up for grabs for the top three submissions.

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Fintech startups told to follow the money or crash and burn

Nine out of ten fintech startups fail to get beyond the seed stage, as risk-averse investors prefer to wave their wallets at later-stage companies.

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Metro Bank opens developer portal

Branch-based Metro bank is upping its digital game with the launch of a developer portal for third party firms to build services on top of its APIs.

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Regulators need to adopt a more pro-competitive stance to fintech - EU Parliament

EU regulatory bodies are failing to address competition issues in their public policy towards fintech developments in financial services, according to a report prepared for the European Parliament.

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Banks stand to reap $512 billion revenue boost from 'intelligent automation'

With banks the world over exploring the business case for AI and robotic automation, a new report estimates that hundreds of billions of dollars in additional revenue may be up for grabs as the focus moves away from costs savings to income generation.

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The Big Data dilemma

How can we ensure that Big Data does not make us the prisoners of technology? That's the question posed by Charles Randall, chair of the Financial Conduct Authority and Payment System Regulator at a Reuters Newsmaker event in London.

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Flux ready for take-off on Barclays Launchpad; scores trial with Costa Coffee

The Costa coffee chain is to begin a trial of the Flux cashback rewards platform in its London outlets. The news comes as Flux goes live on Barclays Launchpad, the UK bank's project for testing new features with real customers.

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Banca Carige and IBM create $500 million joint venture

Italy's Banca Carige has outsourced its digital transformation programme to IBM under a $500 million joint venture dubbed Dock.

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HSBC highlights the six new banking careers of the future

HSBC is preparing for the ongoing revolution in banking, highlighting six new types of jobs that will be necessary to forge a career in a digitally-enabled financial services industry.

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UBS puts digital clone of chief investment officer in branch

Wealth management clients visiting a UBS branch in Switzerland will soon be able to get advice from an AI-powered avatar of the bank's chief investment officer.