Latest Innovation News: Finextra Research

Nordea begins API pilots

Nordea has picked through the hundreds of developers to have expressed interest in its new Open Banking programme to find a select few who will now pilot an account information service (AIS) API.

04 July 2017

News/Innovation

SAP Financial Services Forum, London - Day 1 live blog

Welcome to Finextra's live coverage of the SAP Financial Services Forum in London. The theme for this event is 'winning in the digital moment'. The two-day agenda will examine how technologies such as AI, machine learning, analytics, blockchain, open APIs and the cloud can be best leveraged to deliver truly digitised financial services.

04 July 2017

News/Innovation

Indian banks failing to grasp the opportunities from demonetisation

Despite the impetus provided by demonetisation, Indian banks remain way behind the curve in tempting customers away from the bank branch to digital channels.

03 July 2017

News/Innovation

RBC Global Assetment Management pumps $20 million into innovation lab

RBC Global Asset Management is to invest $20 million to establish an in-house innovation lab, snapping up Toronto-based digital advisory firm Wiser Investments as part of the package.

03 July 2017

News/Innovation

Enterprise Ireland bids to woo startups with EUR500,000 fintech fund

Enterprise Ireland has created a EUR500,000 fintech development and support fund in a bid to attract up to ten startups from across the world to set up shop in the country.

30 June 2017

News/Innovation

LA joins fintech fray through digital money conference

Los Angeles is looking to jump aboard the multi-billion dollar fintech train through its first professional financial technology conference.

30 June 2017

News/Innovation

NatWest pilots AI technology to flag compliance fails in sales conversations

NatWest is trialling the use of artificial intelligence technology from a company set up by a former FSA regulator to monitor and analyse the context of sales conversations recorded between clients and front-life staff.

29 June 2017

News/Innovation

Nova joins the robot revolution at Nordea

Nordea Life and Pensions in Norway has welcomed its latest recruit, Nova, an AI-based chatbot that has been trained to respond to customer questions relating to pension and insurance in Norwegian.

29 June 2017

News/Innovation

Santander poaches Intuit veteran to push digital agenda

Banco Santander has appointed a nine-year veteran of US financial software house Intuit as chief digital and innovation officer.

28 June 2017

News/Innovation

Providing knowledge and access to networks is the future of banking - Rabobank CEO

Rabobank chairman of the executive board Wiebe Draijer has given an insight into his vision for the future of banking in the fintech age, arguing that providing knowledge and access to networks, not products, will be what drives his industry.

28 June 2017

News/Innovation

Nets experiments with finger payments at Idea Lab

Nordic payments processor Nets is working with UK biometric company Sthaler to trial the use of finger vein recognition technology to authenticate users at the point-of-sale.

28 June 2017

News/Innovation

InvestCloud to open London fintech incubator

California-based InvestCloud is opening a fintech incubator and accelerator in London, inviting firms to take advantage of its platform in developing digital wealth management tools.

28 June 2017

News/Innovation

HSBC hires Biggs to lead business model innovation

HSBC has hired femtech heavyweight Diana Biggs as head of business model innovation for UK and Europe.

28 June 2017

News/Innovation

Singapore to let banks move into e-commerce

Singapore is changing its regulations to make it easier for banks to move into non-financial but complementary business areas such as e-commerce.

28 June 2017

News/Innovation

Payscout debuts VR commerce

US processor Payscout has released an app which enables users to make payments for physical products in virtual reality via Google's Cardboard view finder.

27 June 2017

News/Innovation

Nomura Asset Management trials AI for investment decision making

Japan's Nomura Asset Management (NAM) has tapped artificial intelligence (AI) to quantitatively assess text from news websites and blogs, using the results to help portfolio managers make investment decisions.

26 June 2017

News/Innovation

Consumer uptake of fintech services surges - EY

Consumer uptake of innovative fintech products is set to be embraced by the mainstream as adoption levels surge among digitally-savvy consumers, according to a study by Ernst & Young.

26 June 2017

News/Innovation

Mastercard eyes opportunities to profit from sharing economy

Seeking to profit from a booming sharing economy, Mastercard has identified trust, experience and regulation as vital to unlocking the potential of the new commerce models that are emerging.

26 June 2017

News/Innovation

BBVA trains 1000 'ambassadors of design'

BBVA is promising to put design and user experience (UX) at the centre of its digital strategy by training up 1000 staff 'ambassadors' to spread good practice throughout the Spanish bank's operations.

23 June 2017

News/Innovation

ABN Amro tests wearable tech for contactless payments

ABN Amro is undertaking tests of wearable technology to make contactless payments, with the aim of rolling out its first card-free tap-and-pay product to customers by the end of the year.

23 June 2017