Innovation

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ADGM and YES Bank sign fintech co-operation pact; B-Hive opens in NY

/Innovation

ADGM and YES Bank sign fintech co-operation pact; B-Hive opens in NY

Having clinched a host of fintech cross-border agreements with regulatory agencies across the world, Abu Dhabi Global Markets is now turning its attention to the commercial banking industry, signing an MoU with YES Bank to spur collaboration between the Middle East and India.

Swift positive on blockchain, but big challenges remain

/Innovation

Swift positive on blockchain, but big challenges remain

Early results from a blockchain proof-of-concept conducted by Swift with six of the co-operative's member banks indicate that DLT application can deliver the business functionalities and data richness required to support real-time liquidity monitoring and reconciliation.

OakNorth joins unicorn club with £154m funding round

/Innovation

OakNorth joins unicorn club with £154m funding round

OakNorth, a UK challenger bank targeting small- and medium-sized businesses, is looking to ramp up lending and license its technology around the world after raising £154 million from a group of international investors.

Can regtech and CLM save the customer experience? - new Finextra report

/Innovation

Can regtech and CLM save the customer experience? - new Finextra report

Increased regulatory burden is hampering smooth and timely onboarding of customers, as banks struggle with technology implementation and budget parameters, according to financial industry professionals surveyed in a new paper by Finextra Research.

Fintech investment rebounds in Q2

/Innovation

Fintech investment rebounds in Q2

The fintech market globally made a strong rebound in Q2 2017, with total investment more than doubling on a quarter over quarter basis to more than $8.4 billion across 293 deals.

Thomson Reuters commits $100m to Toronto technology centre

/Innovation

Thomson Reuters commits $100m to Toronto technology centre

A year on from its launch, Thomson Reuters is doubling down on its Toronto technology centre, committing another US$100 million to the project, which will eventually be home to 1500 staffers working on areas such as cloud computing, big data and AI.

Quebec's la Caisse and Desjardins pump $50m into fintech fund

/Innovation

Quebec's la Caisse and Desjardins pump $50m into fintech fund

Quebec-based credit union association Desjardins Group and local pension fund la Caisse have created a fintech investment fund of up to $75 million.

Mastercard opens Indian innovation lab

/Innovation

Mastercard opens Indian innovation lab

Mastercard has opened its first innovation lab in India to work side-by-side with the local financial community on future technology breakthroughs in digital payments, data manipulation, financial inclusion and fraud prevention.

Luxembourg bankers draw up FinTech Map

/Innovation

Luxembourg bankers draw up FinTech Map

The Luxembourg Bankers' Association (ABBL) has drawn up a 'Fintech Map' of the nation's startup ecosystem to help drive further collaboration with the established banking community.

EU launches anti-trust probe into bank data sharing

/Innovation

EU launches anti-trust probe into bank data sharing

The European Commission is investigating whether banks are deliberately preventing non-bank competitors from gaining access to customer account data.

OCBC Bank forms partnership with StarHub as digital industries converge

/Innovation

OCBC Bank forms partnership with StarHub as digital industries converge

OCBC Bank has formed a collaborative alliance with Singaporean telco StarHub to invest in research into the convergence of banking and communications in the digital economy.

Charitable giving goes mobile at NHS Trust

/Innovation

Charitable giving goes mobile at NHS Trust

Norfolk & Norwich University Hospitals NHS Foundation Trust is rolling out wheelchairs, ‘smart’ posters, ID cards, and vinyl stickers that allow visitors to donate with a simple tap of a smartphone.

'This time is different': BofE's Hauser hails fintech revolution

/Innovation

'This time is different': BofE's Hauser hails fintech revolution

Fintech is more than just a buzzword, it is a revolution that will have profound implication for the financial services industry, according to Bank of England executive Andrew Hauser.

Talk to NAB with Google Assistant

/Innovation

Talk to NAB with Google Assistant

NAB customers can now ask Google Assistant to answer general banking questions, such as how to replace a lost card or reset their password, via Google Home or a smartphone with the voice activated virtual agent installed.

Top digital banking heads to convene at Finextra NextGen Banking Nordics

/Innovation

Top digital banking heads to convene at Finextra NextGen Banking Nordics

A strong line-up of C-Suite digital banking heads and innovators from across the Scandinavian fintech scene will gather in Stockholm next month to debate the future of financial services at Finextra's annual NextGen Banking Nordics summit.

CFTC commissioner: plans to seize algo trading source code are 'D-E-A-D'

/Innovation

CFTC commissioner: plans to seize algo trading source code are 'D-E-A-D'

The Commodity Futures Trading Commission (CFTC) is killing off controversial plans to seize algorithmic traders' source code.

New DLT consortium forms for syndicated lending market

/Innovation

New DLT consortium forms for syndicated lending market

A consortium of fintechs and banks has developed a distributed ledger technology (DLT) platform for the syndicated lending market.

Aviva succumbs to allure of robo-advice with Wealthify purchase

/Innovation

Aviva succumbs to allure of robo-advice with Wealthify purchase

UK insurer Aviva has acquired a majority stake in a startup robo-adviser for an undisclosed sum.

Singapore and Thailand look to link e-payment schemes

/Innovation

Singapore and Thailand look to link e-payment schemes

Thailand and Singapore have announced tentative plans to integrate their respective e-payment schemes in a bid to promote digital banking, according to a Bloomberg report.

TD Bank opens Israel cybersecurity office; injects AI into mobile app

/Innovation

TD Bank opens Israel cybersecurity office; injects AI into mobile app

Toronto-Dominion Bank is looking to tap into Israel's world-renowned cybersecurity talent pool through the opening of a Tel Aviv office. Meanwhile, the Canadian bank is also giving its app an AI boost through a partnership with Kasito.

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