Innovation

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"Alexa, ask my bank, what is my balance?"

/Innovation

"Alexa, ask my bank, what is my balance?"

NCR is working with Maine-based Town & Country Federal Credit Union to train Amazon's voice commerce assistant Alexa to respond to spoken requests for bank account information.

Canadian lenders issue open banking warning

/Innovation

Canadian lenders issue open banking warning

The Canadian Bankers Association says the government should think carefully before embracing open banking, warning that increasing third party access to financial data poses major risks not only to customers but to the entire economy.

IMF chief says banks would be unwise to dismiss the threat from virtual currencies

/Innovation

IMF chief says banks would be unwise to dismiss the threat from virtual currencies

IMF managing director Christine Lagard believes virtual currencies might just give existing currencies and monetary policy a run for their money.

PSD2: Brits don't trust retailers and social media platforms with bank details

/Innovation

PSD2: Brits don't trust retailers and social media platforms with bank details

As the revised Payments Service Directive (PSD2) nears, research from Accenture suggests that banks still have a strong trust advantage over third-party providers, with a clear majority of Brits unwilling to share their financial data with the likes of retailers and social media platforms.

Hong Kong prepares for a new era of 'smart banking'

/Innovation

Hong Kong prepares for a new era of 'smart banking'

The governor of Hong Kong's central bank has spelled out a series of up-and-coming reforms - from the introduction of faster payments to open API standards - intended to prepare the territory for a revolution in retail banking services.

Dubai Economy preps digital currency

/Innovation

Dubai Economy preps digital currency

Government-backed development agency Dubai Economy has signed an MoU with UK-based smart ID firm Objet Tech to help create and implement emCash, an encrypted digital currency, which people will be able use to pay for various government and non-government services.

Timex embeds bPay contactless chip into watchstrap

/Innovation

Timex embeds bPay contactless chip into watchstrap

Timex is to release a watch capable of making contactless payments by incorporating the Barclaycard bPay chip into the leather watchstrap.

HSBC moves into open banking

/Innovation

HSBC moves into open banking

HSBC is testing a platform that lets customers see all of their accounts, no matter who the provider, on one screen.

In the face of consumer scepticism, Worldpay develops SDK for IoT shopping

/Innovation

In the face of consumer scepticism, Worldpay develops SDK for IoT shopping

Worldpay is developing an open source software development kit to bring payments to connected devices in the Internet of Things.

Japanese banks plot national digital currency

/Innovation

Japanese banks plot national digital currency

Japanese banks are fighting back against the threat from China's Alibaba with plans to introduce their own digital currency in time for the 2020 Tokyo Olympics.

BBVA uses big data to redraw city maps

/Innovation

BBVA uses big data to redraw city maps

BBVA is using commercial card data to redraw the maps of urban areas based on the purchasing patterns and movements of consumers as they criss-cross the city landscape.

Mastercard and Swarovski launch VR shopping app

/Innovation

Mastercard and Swarovski launch VR shopping app

Mastercard has teamed up with crystal seller Swarovski on a virtual reality app that immerses shoppers in a "home" where they can browse and purchase items using Masterpass.

Monzo tests in-app energy provider switching feature

/Innovation

Monzo tests in-app energy provider switching feature

Monzo is trialling a feature that lets customers change their energy providers through a feed item in the digital bank's app.

ECB ponders bigger liquidity requirements for 'fintech banks'

/Innovation

ECB ponders bigger liquidity requirements for 'fintech banks'

The European Central Bank says that, because they pose unique risks, it may start asking fintech firms seeking banking licenses to hold bigger capital buffers and larger liquidity.

Finextra partners with top banks and vendors for Sibos debates

/Innovation

Finextra partners with top banks and vendors for Sibos debates

Finextra is partnering with leading banks and vendors to run a series of roundtable events covering corporate banking, trade and supply chain finance and winning strategies for fintech collaboration at the annual Sibos conference in Toronto in October.

AXA launches blockchain to cover late flight compensation

/Innovation

AXA launches blockchain to cover late flight compensation

AXA has launched a blockchain-based insurance product that automates the payment of late flight compensation for air passengers.

European Commission makes fintech a priority in supervisory shakeup

/Innovation

European Commission makes fintech a priority in supervisory shakeup

The European Commission is proposing to reform financial supervision across the EU with a renewed focus on new technology developments and the promotion of the emerging fintech sector.

Sophia the humanoid gets UBS conference speaking gig

/Innovation

Sophia the humanoid gets UBS conference speaking gig

Bankers beware: not content with taking jobs in branches and IT centres, AI-powered robots are now coming after your conference speaking gigs.

Boerse Stuttgart launches digital ventures division

/Innovation

Boerse Stuttgart launches digital ventures division

German retail investment exchange Boerse Stuttgart has launched a new digital division to develop innovative business models for exchange trading and over-the-counter (OTC) trading in fungible products.

Nomura to spend $100 million on Silicon Valley innovation initiative

/Innovation

Nomura to spend $100 million on Silicon Valley innovation initiative

Japanese investment bank Nomura has set aside $100 million to invest in promising startups from a new innovation office in San Francisco.

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