Innovation

3418 articles tagged with this keyword

/Innovation

Apac banks suspicious about fintech consortiums

A research paper has revealed a level of scepticism among Asia Pacific banks when it comes to joining forces with fintechs.

/Innovation

Big banks more popular than fintechs with US SMEs - survey

A survey of small business credit published by the Federal Reserve Bank of New York has revealed that online lenders are less popular with small and medium enterprises (SMEs) than big banks.

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After trashing Swift gpi, Ripple hires its biz director

Ripple has stepped up its rivalry with Swift, poaching Marjan Delatinne, who had been business director at the messaging network's new gpi programme - an offering Ripple has loudly trashed.

/Innovation

Chancellor and BofE governor bang the post-Brexit drum for UK fintech

Phillip Hammond, the UK Chancellor, has highlighted the critical role played by fintech in helping the UK to mitigate any negative economic impact that may result from Brexit.

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DLT still not mature enough says ECB

The European Central Bank (ECB) has stated that blockchain technology lacks the necessary maturity to be part of its market infrastructure.

/Innovation

UK calls for global fintech regulations

The UK's Financial Conduct Authority (FCA) has called for an international regulatory framework to be applied to fintech startups in order to prevent a 'Wild West' approach to governance of the sector.

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Visa Everywhere Initiative lands in Europe with EUR50,000 prize

Visa is bringing its Everywhere Initiative to Europe, dangling a EUR50,000 prize in front of fintech startups, inviting them to pitch ideas that link digital payments with local communities and travel.

/Innovation

Hong Kong enters central bank digital currency fray

The Hong Kong Monetary Authority (HKMA) has teamed up with local banks and the R3 consortium to explore the creation of a central bank digital currency.

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London and Singapore remain world's top fintech hubs

Fintech has become a truly global phenomenon, with hubs popping up in cities around the world, although established players such as London and Singapore continue to be the top centres, according to a report by Deloitte.

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First Islamic fintech gets UK regulator's approval

A London-based start-up claims it is the first shariah-compliant fintech to be given regulatory approval in the UK.

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Challenger banks and incumbents to share the stage for Finextra NextGen conference

A strong line-up of challenger banks, established banks and fintech startups will take to the podium at Finextra's forthcoming NextGen banking event in London on 9 May to debate the disruptive forces reshaping the banking sector.

/Innovation

OfferZen invites developers to build their own bank with programmable account

South African developer community OfferZen is conducting a private beta of a programmable bank account that lets coders create new services to meet their personal requirements.

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Battle for IP ownership challenges fintech collaboration

Banks and asset managers are being hampered in their efforts to work with fintech firms by the desire to own intellectual property (IP), according to research from law firm Simmons & Simmons.

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UK FS firms fear up to 40% of revenue at risk from fintech

Fearful that they could lose massive chunks of their revenue to standalone fintech challengers, UK financial services firms are looking to neutralise the threat by acquiring and forming partnerships with their potential new rivals.

/Innovation

Ingenico gamifies the checkout

Ingenico is bringing scratch cards, slot machines and wheels of fortune to online checkout screens and instore eftpos in an effort to improve conversion rates for merchants.

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SocGen sings the praises of open source

SocGen is burnishing its open source credentials by sponsoring an initiative by Inria, the French National Institute for computer science and applied mathematics, to create a global library of source code.

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CAD-coin V Fedcoin: The future of central bank digital currencies

An R3 academic paper on central bank digital currencies (CBDCs) investigates the relative merits of a public network-based retail Fedcoin option and the private, permissioned wholesale CAD-coin alternative.

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Former Uber Italy CEO launches social savings app

Oval Money, a social savings app that combines machine learning with crowdsourced tips, has come out of closed beta in the UK.

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OCBC Bank launches Emma, the mortgage chatbot

With more than 20,000 conversations logged since its launch in January, OCBC Bank is lauding the success of its specialised home and renovation loan chatbot service, Emma.

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Token signs programmable money deal with OP Financial

Finland's OP Financial group has signed a deal with Silicon Valley-based Token to use the startup's API-based transaction network to prepare for a new era of payments arising from the forthcoming implementation of the PSD2 Directive.