Latest Innovation News: Finextra Research

BNP Paribas to double digital spending to EUR3 billion

BNP Paribas is to invest EUR3 billion in a three-year business plan to build the 'bank of the future'.

07 February 2017

Investment in UK fintech drops by a third in 2016

VC investment in UK fintech dipped dramatically in 2016, showing a 33.7% downward slide to $783 million, in contrast to the $1.2 billion raised in the pre-Brexit 2015 glory days.

07 February 2017

News/Innovation

Mizuho prepares for IoT banking

Mizuho has begun research and development on the creation of a platform for secure payments using IoT devices such as smart home kits, connected cars, and wearables.

07 February 2017

News/Innovation

Credit Suisse taps R3 for blockchain-based hackathon

Credit Suisse has carried out a global hackathon to find ways in which the R3 Corda distributed ledger platform can be used to make big cost savings.

07 February 2017

News/Innovation

Emirates NBD to roll-out biometrically-enabled 'Cockpit' dashboard to all branches

Emirates NBD has connected 14 different siloed applications to provide branch staff with a 360-degree single view of all customer relationships, combined with biometric digital signatures for paperless transactions and data-driven insights.

06 February 2017

News/Innovation

Swissquote introduces VR trading app

A Swiss online bank is introducing a virtual reality trading application which uses a VR helmet to create a a 360° trading wall for users to monitor the markets and make trades with a glance.

03 February 2017

News/Innovation

Scotiabank makes digital bet in search of big productivity gains

Canada's Scotiabank has fleshed out its "digital transformation" plan, predicting that its massive outlay on new technology will lead to big efficiency improvements.

02 February 2017

News/Innovation

CMA issues final order on Open Banking

The UK's largest nine banks have been given a year to develop and adopt an Open Banking API interface for customer data sharing in a final order by the Competition and Markets Authority.

02 February 2017

News/Innovation

Emirates NBD launches bank for the millennial generation

Designed and developed by a team of millennials, Emirates NBD has launched a lifestyle-focused digital-only bank, Liv..

02 February 2017

News/Innovation

WaveShades and pay - the latest in contactless wearables

Music lovers too wired to reach for their wallets at upcoming Laneway Festival events in five Australian cities will be able to make payments by simply tapping their sunglasses at the checkout.

01 February 2017

News/Innovation

Liverpool gets its own digital currency

Liverpool has launched its own digital currency using technology from Israeli-based blockchain startup Colu.

01 February 2017

News/Innovation

Is proptech the new fintech? Trussle follows Habito with £4.5 million round

The UK's mortgage broking industry is being revolutionised by a new breed of online price comparison and fulfilment startups, with Trussle the latest to receive backing from a clutch of prominent fintech investors.

01 February 2017

News/Innovation

ING aims to take blockchain experimentation to the next level

Dutch bank ING says it has conducted 27 proofs of concept of the application of blockchain technology in six business areas, including payments, trade finance and working capital solutions, financial markets, bank treasury, lending, and compliance and identity.

31 January 2017

News/Innovation

BNY Mellon backs plan for blockchain IoT protocol

The Bank of New York Mellon is one of several Fortune 500 firms teaming up with a host of distributed ledger technology startups to work on a blockchain-based Internet of Things protocol.

30 January 2017

News/Innovation

Former Visa president raises $125m for new fintech fund

Nyca Partners, a fintech startup-focused venture capital firm set up by former Visa president Hans Morris, has raised more than $125 million for its second fund.

27 January 2017

News/Innovation

UK Government to host international fintech conference as Brexit shadow looms

The UK Government is to host an international fintech conference in April in a bid to attract more investment into London's financial technology hub.

27 January 2017

News/Innovation

Lloyds tests augmented reality app for hard-of-hearing

Lloyds Banking Group is trialing a mobile app that scans financial literature and translates it via augmented reality into British Sign Language for hard-of-hearing customers.

27 January 2017

News/Innovation

Scotiabank opens Digital Factory in Toronto

Scotiabank has opened a 70,000 square foot Digital Factory in downtown Toronto which will house 350 digital, design, engineering and agile experts working to improve customer experiences.

27 January 2017

News/Innovation

Chinese central bank tests digital currency system

The People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first central bank in the world to research and test its own digital currency, according to media agency Caixin.

26 January 2017

News/Innovation

China's fintech dragons roar

2016 was the year that China's fintech dragons roared, dominating VC spending while investment in some previously feted leaders in other parts of the world wilted, according to a report from Citi.

26 January 2017