Innovation

3418 articles tagged with this keyword

/Innovation

Barclays Bank sets up tech venture unit

Barclays Bank has launched a new venture unit to invest in and partner with tech companies in a drive to find new opportunities for growth and innovation.

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Standard Chartered opens Hong Kong innovation lab

Standard Chartered has opened an innovation lab in Hong Kong to tap emerging financial technologies and data science in the region.

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Emirates NBD registers cheques on a blockchain

Emirates NMD has integrated blockchain technology into issued cheques to reduce the risk of forgery and to minimise potential fraud.

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House of Lords calls for UK to lead the way on ethical AI

As the use of artificial intelligence (AI) in a host of industries, not least the financial services sector, gains traction, the House of Lords has called for the UK to lead the way in the ethical development and deployment of the technology.

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Seismic Foundry fintech fund to raise fresh capital

Capital markets venture fund Seismic Foundry has made a further two investments in the fintech startup space and begun raising funds for a new warchest for the 2018-19 financial year.

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The virtuous circle of payments innovation

Nick Kerigan, managing director of future payments at Barclaycard, explores what really drives innovation in the payment industry.

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Challenger bank gives up licence to focus on IT platform

A UK challenger bank aimed at the SME business sector has opted to give up its banking licence in order to spend more time developing its IT infrastructure prior to its launch.

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India's central bank issues cryptocurrency ban

The Reserve Bank of India (RBI) has banned regulated banks and its account holders from dealing in cryptocurrencies.

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South Africa's central bank mulls cryptocurrency regulations

The South African Reserve Bank (Sarb) is setting up a dedicated unit to monitor cryptocurrency and fintech developments and inform future regulations and its first job will be to set up a proof of concept (PoC) for DLT-based interbank clearing and settlement.

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BNP Paribas 'teleports' property investors to future home

BNP Paribas is inviting property investors to don a virtual reality headset to meet with brokers and take a 3D tour of prospective house purchases.

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Finma: Cyber attacks are the biggest operational hazard facing the financial sector

Swiss supervisory watchdog Finma has identified cyber security risks as it chief policy concern for 2018.

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PKO Bank Polski to store client files on Coinfirm blockchain

PKO Bank Polski is tapping technology from blockchain outfit Coinfirm to build an immutable record of client transactions and agreements.

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BBVA-backed Denizen takes on Revolut and TransferWise with borderless account

BBVA has launched Denizen, a global, borderless account for expat banking that allows customers to receive money in one country and pay it out in another immediately, avoiding international transfer fees and eliminating currency exchange fees.

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'Alexa, Ask JPMorgan what is the target price of Facebook'

JPMorgan has introduced an Alexa skill that lets institutional clients ask Amazon's voice-activated assistant for the target price or tear sheet of a company.

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Schroders offers a home to fintech startups

Asset management house Schroders is to provide desk space alongside funding and collaboration opportunities to fintech startups as part of a global 'in-residence' programme dubbed 'Cobalt'.

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Nivaura settles security on public blockchain

UK fintech startup Nivaura has tapped Microsoft's cloud technology to launch what it claims is the world's first blockchain-based investment product.

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Malaysian Central Bank prepares for banking industry's 'Kodak Moment'

The Central Bank of Malaysia has established an open API implementation group with members drawn from the banking industry, fintech community and key stakeholders to develop open API standards for the financial sector as part of efforts to broaden access and promote innovation and competition.

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Bank of England sets up Fintech Hub; works with firms on DLT interface to RGTS

The Bank of England is establishing a new Fintech Hub as a central point of contact for engagement with startups and to drive new technological developments within the Bank.

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EBAday 2018 zones in on fintech

Finextra and the Euro Banking Association are inviting some of Europe's most promising early-stage startups to present their ideas to banking delegates attending EBAday 2018, Europe's leading payments and transaction banking event.

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Revolut takes lead in fight against online card fraud with disposable virtual cards

In an effort to bridge the trust gap between incumbent banks and digital challengers, Revolut is upping its security game by allowing customers to pay online with disposable virtual cards.