Innovation

3418 articles tagged with this keyword

/Innovation

Commonwealth Bank takes quantum leap

Commonwealth Bank of Australia has joined Telstra, the Federal Government, the New South Wales Government and the University of New South Wales (UNSW) in an $83 million venture to found Australia’s first quantum computing company.

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Digital identity, virtual cash and RegTech on Australian regulatory agenda

ATM access, digital identity and virtual currencies topped the agenda at the recent meeting of the Reserve Bank of Australia's powerful Payments Systems Board.

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TD Ameritrade pairs AI with human support for Facebook Messenger service

US brokerage TD Ameritrade is to provide financial market updates, investor education and client account access to retail investors through Facebook Messenger.

/Innovation

China Citic and Baidu to rely on AI for joint venture bank

Internet search giant Baidu and China Citic Bank have received regulatory approval to launch a direct banking joint venture offering loans and deposit accounts to Chinese consumers.

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Amazon, Facebook, Google et al pose bigger threat to banks than fintech startups - WEF

Large technology firms like Facebook, Amazon and Google are a bigger threat to banks than fintech startups says the World Economic Forum, in a report which dissects the evolving landscape for financial services.

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Rabobank constructs physical model to understand IT architecture

Rabobank has built a 3D model of its own organisation and supporting IT systems to help visualise improvements that can be made as it embarks on its digital transformation programme.

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CBA puts Chip CANdroid to work at Sydney Airport

Commonwealth Bank of Australia is putting its experimental humanoid robot Chip to work at Sydney Airport to assist Air New Zealand customers as they check in at the gate prior to boarding.

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DBS to invest SG$20 million to create digital workforce

Singapore's DBS is to invest SG$20 million over five years on a new 'digital curriculum' to educate its 10,000 Singapore employees on disruptive trends and emerging technologies that are reshaping financial services.

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Hyper Anna raises $16 million to address shortage of data scientists with virtual agent

Hyper Anna, a Sydney-based Australian start-up that provides financial services organisations with a virtual data scientist which is available at the touch of a button, has secured a $16 million series A funding round.

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RBS to bring Silicon Valley to Edinburgh

Royal Bank of Scotland is inviting tech entrepreneurs from across the world to its Edinburgh HQ to discuss the latest trends in technology and mingle with local fintech entrepreneurs, customers and bank staff at an event dubbed Disrupt 17.

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Norwegian banks and startups form fintech cluster

More than 20 banks and tech companies in Bergen have aligned to create a fintech hub to push a global innovation agenda amid growing collaboration between banks and startups in Norway.

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Westpac launches Tech University to re-skill workforce

Westpac is preparing for a revolution in IT working practices by cutting out traditional hierarchies and re-equipping its workforce with the skills to survive and thrive in a digitally disruptive world.

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PayPal to open innovation labs in India

PayPal is to open two new innovation labs in India to tap into the local talent pool and the country's expertise in AI, data science, virtual reality and the Internet of Things.

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Emirates NBD takes financial fitness to a new level

Emirates NBD is doing its bit to counter rising obesity levels in the Middle East, presenting 95 of its customers with a free one-year gym membership if they sign up to the bank's Fitness First account, which raises interest rates according to activity levels.

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ADGM and UAE Exchange bid to expand fintech ecosystem

Abu Dhabi Global Markets is to work with UAE Exchange to attract startups to ADGM's Regulatory Laboratory, in the latest of a flurry of initiatives to position the market as a centre of gravity for fintech innovation.

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ANZ goes to tender for new systems integration partner

ANZ is in the market for a systems integration partner as it begins a journey towards new agile ways of working.

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Hong Kong fintech accelerator sets up shop in Malaysia

Hong Kong's SuperCharger fintech accelerator is moving to Malaysia with the support of founding partner Standard Chartered Bank, Allianz Malaysia and the country's Digital Economic Corporation (MDEC).

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DBS Bank launches online car selling marketplace

Singapore's DBS Bank is taking advantage of new regulatory freedoms to launch an online marketplace for people to buy and sell cars.

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Abu Dhabi steps up fintech activity

Abu Dhabi is looking to strengthen its fintech position with a flurry of initiatives, including a tie-up with Switzerland and an innovation challenge for startups.

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EBA reviews regulatory regime in light of fintech

The European Banking Authority is stepping up its scrutiny of new fintech-related advances in financial services provision, promising to identity and close gaps in supervision.