Latest Innovation News: Finextra Research

In-app payment messaging startup PayKey raises $6 million

Fresh from a stint at the Fintech Pavillion at this year's EBAday in Dublin, social payments startup PayKey reports that it has secured more than half of its second- round funding target of $10 million.

23 June 2017

News/Innovation

ANZ appoints e-commerce exec to run digital transformation project

ANZ has appointed a non-banker with sizeable e-commerce experience at eBay, Virgin Media and Expedia to run its digital transformation strategy.

23 June 2017

News/Innovation

ECB preps eurozone-wide instant payments service

The European Central Bank has outlined plans to build an instant payment settlement system that will let people and businesses send money anywhere in the euro area within seconds.

22 June 2017

News/Innovation

DBS fintech accelerator switches to 'always on' mode

Hong Kong's DBS Accelerator, run by DBS Bank and early-stage VC Nest, is switching the format of the programme to a rolling intake that will see it host new startups throughout the year.

22 June 2017

News/Innovation

Asia still top dog for payments innovation but Europe gaining ground

Asia remains home to most payments innovation but Europe is making a charge, leapfrogging Africa, North America and Latin America, according to a survey of industry execs which also calls out distributed ledger technology as over-hyped.

22 June 2017

News/Innovation

Visa launches $100,000 fintech challenge for Middle East and North Africa

Visa has announced that its Everywhere Initiative, an innovation program designed to encourage the development of the “next big thing” in payments, will expand into the Middle East and North Africa (MENA) region.

21 June 2017

News/Innovation

Bank API platform TrueLayer secures $3m series A funding

UK startup TrueLayer, a fintech developer platform that provides access to bank APIs, has secured $3 million in series A funding to pursue opportunities created by PSD2.

21 June 2017

News/Innovation

Swift offers €200,000 for two fintechs to leverage gpi platform

Swift has launched an Industry Challenge to find two winning fintechs who will be granted €100,000 to further develop new overlay services that leverage its Swift global payments innovation (gpi) platform.

21 June 2017

News/Innovation

Live: EBAday 2017, day two

Payments professionals from across Europe are gathering in Dublin this week for EBAday 2017, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

21 June 2017

News/Innovation

Aussie government requests tenders to operate new Melbourne fintech hub

The Victoria state government is seeking applications for “experienced innovation hub operators” to establish a fintech hub in Melbourne.

21 June 2017

News/Innovation

BBVA spawns new biometrics company Veridas out of two-year startup partnership

BBVA and the startup Das-Nano have formed Veridas, a new biometrics technology company that will develop client identification and authentication systems.

20 June 2017

News/Innovation

Live: EBAday 2017, day one

Payments professionals from across Europe are gathering in Dublin this week for EBAday 2017, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

20 June 2017

News/Innovation

Worldpay pilots app-only mPOS for small retailers

Worldpay is conducting extended trials of a software-based mobile points of sale system which helps cash-only mobile and micro retailers to accept card and phone payments on their NFC devices.

19 June 2017

News/Innovation

UBS dangles $200,000 carrot to woo startups to fintech challenge

UBS is promising funding of up to $200,000 to run proof-of-concept or pilot trials for outstanding startups emerging from its second global Future of Finance competition.

16 June 2017

News/Innovation

Santander's Openbank relaunched as 100% digital bank

Banco Santander is overhauling the operations of its direct banking subsidiary in Spain, transferring all IT assets and client transactions to the cloud and revamping its online and mobile presence as part of a group-wide mission to recruit 30 million digital customers by 2018.

16 June 2017

News/Innovation

AIG and Standard Chartered run multi-national insurance policy via DLT

American International Group, IBM and Standard Chartered Bank have converted a multinational, controlled master policy written in the UK, and three local policies in the US, Singapore and Kenya, into a 'smart contract' that provides a shared view of policy data and documentation in real-time.

16 June 2017

News/Innovation

FCA says regulatory sandbox growing in popularity as second cohort is unveiled

The Financial Conduct Authority has selected 31 firms for its second cohort of regulatory sandbox participants, narrowing down the field from an initial list of 77 submissions.

15 June 2017

News/Innovation

EU rules on software investment attacked by bank lobby group

The European Banking Federation has called on EU policymakers to rethink their prudential requirements for software investments by banks, describing the current treatment as a "significant disincentive for investments in innovation".

15 June 2017

News/Innovation

Finra to set up fintech industry committee

US regulatory body Finra has established an Innovation Outreach initiative to co-ordinate its ongoing research into fintech trends, beginning with a blockchain symposium in New York.

14 June 2017

News/Innovation

USAA takes stake in cognitive computing firm

USAA is to implement artificial intelligence technology to improve customer services following participation in a $15 million funding round for CognitiveScale.

14 June 2017