Latest Innovation News: Finextra Research

DBS to deepen fintech talent pool with IDMA partnership

DBS is furthering its aims of creating a digital workforce by partnering with Singapore's Infocomm Media Development Authority (IMDA) to create a fintech training programme for aspiring graduate recruits.

15 September 2017

News/Innovation

HSBC backs Startupbootcamp FinTech Mexico

HSBC and VC fund IGNIA have become the latest big names to back Startupbootcamp FinTech Mexico, the accelerator bidding to boost financial technology innovation in Latin America.

15 September 2017

News/Innovation

IBM and UBS team on blockchain payments for cars

UBS, IBM and car parts manufacturer ZF are working together to build a blockchain-based payments system that automatically collects fees for things such as parking and power charging.

12 September 2017

News/Innovation

How smart is your blockchain?

Arjan van Os, head of the innovation centre at ABN Amro, outlines the role played by smart contracts in underpinning the Dutch bank's approach to blockchain experimentation.

11 September 2017

News/Innovation

Square applies for bank status

Square, the fintech startup headed by Twitter founder Jack Dorsey, has made an official application in the US for a banking license, ending months of speculation about its plans but also reigniting the argument about the use of industrial loans charters (ILCs).

07 September 2017

News/Innovation

DBS rolls out VR mortgage app

DBS Bank has launched a mortgage app that lets Hong Kong homebuyers take virtual, 360 degree tours of properties.

06 September 2017

News/Innovation

New EC rules could enable banks to increase their software spending

European banks under siege from digital challengers and sophisticated cyber attackers could face some relief from a possible change in accounting rules that will enable them to spend more on new software.

06 September 2017

News/Innovation

Deutsche Bank boss says 'big number' will be replaced by robots

John Cryan, chief executive of Deutsche Bank, has told an audience of bankers in Frankfurt that he expects a "big number" of his current staff to be replaced by robots

06 September 2017

News/Innovation

China's fintechs look at overseas IPOs to raise funds

The tightened regulatory environment in China is leading number of its largest fintech startups to consider launching initial public offerings (IPOs) overseas in order to raise funds.

06 September 2017

News/Innovation

Cryptocurrency transactions to exceed $1trn by year-end: report

A new report has forecast that the value of cryptocurrency transactions will surpass the $1 trillion milestone before the end of 2017.

05 September 2017

News/Innovation

Alipay 'Smile to Pay' tech comes to Chinese KFC

KFC has rolled out Alipay's facial recognition technology at a restaurant in the Chinese city of Hangzhou, enabling hungry patrons to pay for their chicken with a smile and their mobile phone number.

04 September 2017

News/Innovation

Aussie banks unveil new fintech features

Two Australian banks unveiled updates to their banking services with ANZ Bank launching a voice-based identity service for mobile banking and National Australia Bank (NAB) debuting a chatbot for its business banking service.

04 September 2017

News/Innovation

China's central bank issues instant ban on initial coin offerings

The People's Bank of China (PBoC) has announced an immediate ban on initial coin offerings (ICOs)declaring them illegal and a threat to financial stability.

04 September 2017

News/Innovation

JPMorgan criticised over mobile app patent award

JPMorgan Chase, the biggest bank in the US, has been awarded a patent for the technology that allows mobile applications that talk to each other, attracting criticism from the tech and intellectual property community that believe the process is so commonplace in today's smartphones that no single company, least of all a bank, can lay claim to the patent.

01 September 2017

News/Innovation

India's central bank plans blockchain platform

The R&D unit of the Reserve Bank of India is preparing to launch a banking platform based on blockchain technology.

01 September 2017

News/Innovation

More major banks join UBS-led blockchain project

A UBS-led plan to develop a digital cash system based on blockchain technology has won the support of six major banks ahead of a planned launch in late 2018

31 August 2017

News/Innovation

Russian bank opens blockchain research centre

Russia has stepped up its plans to exploit the potential of distributed ledger technology (DLT) with the announcement that state-owned bank Vnesheconombank (VEB) is to open a blockchain research centre in Moscow.

30 August 2017

News/Innovation

Hong Kong and Dubai pledge fintech allegiance

The respective regulators of the Hong Kong and Dubai financial markets have signed an agreement designed to further their mutual cooperation on all things fintech.

29 August 2017

News/Innovation

UK challenger bank launches as proptech market hots up

Redwood Bank, a new challenger bank providing mortgages to small businesses and professional landlords, has opened its doors four months after it was granted a banking license.

29 August 2017

News/Innovation

Estonia ponders launch of its own digital currency

In yet another demonstration of its reputation as the world's leading digital nation, Estonia is considering the introduction of its own government-backed digital currency.

24 August 2017