Innovation

3418 articles tagged with this keyword

/Innovation

Capital One acquires machine learning consultancy Notch

Capital One has acquired machine learning consultancy Notch as part of a progressive effort to develop data-driven products and services for its customer base.

/Innovation

Fintech leads the way as investment in UK tech firms doubles in 2017

As Brexit negotiations grind on, London's fintech sector remains a hotbed of investment activity, capturing the lion's share of a £2.99 billion venture capital splurge on UK tech firms.

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Bankwest opens waiting list for wearable payments ring

Australia's Bankwest is inviting customers to join the wearable payment movement as it prepares for the release of a contactless payments ring which enable touch-and-go transactions with a fist pump at the point of sale.

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Finextra's 2017 in review

As Finextra pulls the shutters down on 2017, we take a look back at our most popular news stories, videos, and community engagement activities over the course of the past year. The site will re-open for business on 2 January 2018.

/Innovation

Savings app Chip raises £1.1 million on Crowdcube

Chatbot savings app Chip has crashed through the £1 million barrier in a crowdfunded effort to raise funds to apply for a banking licence.

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Citi opens PFM beta-testing site

Citi has opened a beta-testing community site to gather feedback from customers on new products in the personal financial management space.

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Schroders launches asset management chatbot in Singapore

Schroders in Singapore has launched an online chatbot operating through Facebook Messenger to answer client queries and fetch and display requested fund management data.

/Innovation

JPMorgan Chase and Barclays join IBM quantum computing push

JPMorgan Chase and Barclays are among the first firms to tap into the IBM Q early-access commercial quantum computing systems.

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RBA governor cool on electronic dollar; calls bitcoin 'speculative mania'

The Reserve Bank of Australia has no plans to issue electronic dollar banknotes, says governor Philip Lowe in a speech in which he also dismisses the current fascination with bitcoin as a "speculative mania".

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Nordea takes Open APIs into live production

Nordea is to give selected third parties access to live customer datasets as it moves into the final stages of its Open API pilot trials.

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Open Up Challenge prize winners share the spoils

UK innovation agency Nesta has doled out £1 million to ten firms who participated in a contest to inspire the creation of new products and services using Open Banking APIs.

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Banks and fintech startups join forces on blockchain-based supply chain pilot

A group of banks and fintech startups are backing a pilot with Malawian tea farmers that will use blockchain technology to try to create more sustainable supply chains.

/Innovation

UK alternative finance market is now worth £4.6 billion

The UK online alternative finance market grew 43% in 2016 to reach £4.6 billion, buoyed by increased institutional investment and a sustained pick up in innovative business lending models.

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Alior Bank to use Open API platform and accelerator to create fintech marketplace

Poland's Alior bank is stepping up its digital transformation strategy with the establishment of a fintech department, startup accelerator and Open API platform.

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Santander UK poaches Barclays innovation chief Michael Harte

Santander has appointed Barclays' group head of innovation, Michael Harte, as chief operating officer of its UK business, where he will help oversee the digital transformation of the bank.

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See, hear, feel: Visa rolls out 'sensory branding'

In an ever-expanding universe of connected, payments-enabled devices, Visa is looking to reassure consumers (and promote itself) with a "sensory branding" programme that will use sound, animation and haptic cues to signify completed transactions.

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CIMB reports 90% improvement in turnaround time from new RPA programme

Malaysia's CIMB Bank is the latest financial institution to sing the praises of robotic process automation (RPA) as a means to significantly reduce turnaround times for manual back office tasks and deliver an improved customer experience.

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Former HSBC and Microsoft chairs join fintech investor's advisory council

Former HSBC chairman Douglas Flint, US Treasury Secretary Larry Summers, and Microsoft chairman John Thompson are among the great and the good to join the global advisory council of Motive Partners, a recently established fintech investment vehicle set up by veterans of the global financial technology industry.

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Israel's Viola Ventures raises $100 million for fintech investment fund

Israeli tech investment group Viola Ventures has raised $100 million with the backing of a pool of asset managers, banks and insurance companies towards the creation of a $150 million dedicated fintech investment fund.

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Revolut lets customers buy Bitcoin, Litecoin and Ethereum

European digital banking outfit Revolut is now letting its customers buy, hold and exchange cryptocurrency from within its app.