Latest Innovation News: Finextra Research

Babb raises $20m for blockchain banking platform

Having just raised $20 million in a sold-out token sale, British blockchain-based banking platform Babb has set its sights on opening its first bank accounts before the end of the year.

08 March 2018

News/Innovation

Swift Business Forum, Helsinki - live blog

Welcome to Finextra's live coverage of the Swift Business Forum Nordics 2018 in Helsinki. This event will focus on important issues affecting the financial industry in the Nordics, particularly on how both innovation and collaboration are key in the transformation of financial services.

06 March 2018

News/Innovation

BMO to open Toronto 'urban campus'

The Bank of Montreal is set to open a massive, state-of-the-art 'urban work campus' in downtown Toronto to house 3500 staffers.

05 March 2018

News/Innovation

Mexican Congress passes fintech bill

Mexico's Congress has approved a bill to regulate the fintech sector, setting rules for things like cryptocurrencies and crowdfunding, and paving the way for an open banking revolution.

02 March 2018

News/Innovation

Market infrastructure body backs FCA global sandbox

The World Federation of Exchanges has thrown its weight behind an FCA proposal to create a global regulatory sandbox, reiterating its support for an internationally coherent supervisory approach to emerging financial technologies.

02 March 2018

News/Innovation

DNB tests mobile passporting for international clients

DNB is experimenting with a mobile app that scans user passports and faces to identify customers from across borders for ID verification and digital onboarding.

02 March 2018

News/Innovation

EBAday agenda to spell out new payments paradigm

Innovations in technology and practitioner insights into payment trends will top the agenda at EBAday 2018, Europe's leading payments and transaction banking conference, which is being staged this year at the ICM-Internationales Congress Centre in Munich.

02 March 2018

News/Innovation

JPMorgan-backed FinLab competition calls for applications from women and people of colour

The Financial Solutions Lab (FinLab), an innovation programme backed by JPMorgan Chase, is looking to make fintech a little less male and white, calling on entrepreneurs of colour, women and people with disabilities to take up its latest challenge to develop products that can support under-represented communities - and, in the process, bag a slice of a $3 million prize fund.

01 March 2018

News/Innovation

Nesta dangles £2.5 million carrot to Open Up Challenge applicants

UK innovation agency Nesta has opened the next phase of the 'Open Up Challenge', a global search for organisations who would use new open banking APIs to transform the way small businesses discover, access and use financial services.

01 March 2018

News/Innovation

Nomura takes quantum step in stock market forecasting

Nomura is to launch a joint research project with Tohoku University to test the applicability of quantum computing in stock market forecasting.

01 March 2018

News/Innovation

Credit union consortium unveils DLT-based digital ID system

CULedger, a consortium of American credit unions exploring potential use cases for distributed ledger technology, has teamed up with DLT specialist Evernym on a digital identity system.

28 February 2018

News/Innovation

Fintech revolution fizzles as startups seek engagement with banks

Fintech firms are toning down the fighting talk that marked the beginning of the movement as the realisation dawns that they will be hard-pushed to succeed without the support of incumbent banks. That's the conclusion of Capgemini's World Fintech report which charts the 'fizzling out' of the much-hyped fintech revolution.

27 February 2018

News/Innovation

Barclaycard invites restaurant customers to 'Dine & Dash'

Barclaycard is inviting customers of high street chain Prezzo to 'Dine & Dash' in consumer trials of a new app that enables diners to bypass the bill paying process in restaurants.

27 February 2018

News/Innovation

European Fintech Alliance raises bank API fears

The European Fintech Alliance has fired another broadside in its tussle with the financial services establishment over PSD2, raising fears that banks will develop substandard APIs as a way to fend off competition.

26 February 2018

News/Innovation

Open Banking could boost UK GDP by £1 billion - Cebr

The introduction of Open Banking in the UK may contribute over £1 billion annually to the UK economy and support the creation of up to 17,000 new jobs, according to analysis by economics consultancy the Centre for Economics and Business Research (Cebr).

26 February 2018

News/Innovation

Bank of Queensland soaks up startup culture at local tech hub

Bank of Queensland (BOQ) has struck a two-year deal with Brisbane-based technology hub and accelerator River City Labs to support local fintech startups.

26 February 2018

News/Innovation

Bank of Ireland and Tsys prep open data hack

Bank of Ireland has joined forces with Tsys to host an open data hack, inviting coders to play with payment data sets for the chance to win cash prizes.

23 February 2018

News/Innovation

Deutsche Börse CollCo project green-lighted by Eurex

Deutsche Börses's Collateralised Coin Project for shifting collateral among banks using tokenised digital coins has been given the go-ahead for a full-scale pilot by Eurex Clearing.

23 February 2018

News/Innovation

Banco Sabadell startup fund invests in voice biometrics firm

InnoCapital the corporate venture vehicle of Banco Sabadell's InnoCell digital hub has led a EUR1 million investment round in voice authentication startup Biometric Vox.

23 February 2018

News/Innovation

BNP Paribas launches fintech investment fund

BNP Paribas has launched a new investment fund to take direct minority stakes in innovative startups that are reinventing financial services and insurance.

23 February 2018