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News/Innovation
More than 30 workers at Japan-based Fukoku Mutual Life Insurance are set to be replaced by artificial intelligence (AI), according to Japanese daily The Mainichi.
04 January 2017
The Indonesian Financial Services Authority (OJK)has introduced new regulations for fintech firms running a peer to peer lending business, according to a report in the Jakarta Post.
India's Yes Bank has enlisted the help of IBM for a blockchain project that digitises vendor financing for client Bajaj Electricals.
Indian mobile wallet giant Paytm has received the regulatory green light to begin operating one of the country's new wave of payments banks.
03 January 2017
A UK department store is making a multi-million pound investment in an app-only challenger bank in order to offer its shoppers an exclusive banking tool and payment method.
A consortium of Chinese state-owned companies and private enterprises has created a $1.44 billion investment fund dedicated to fintech mergers and acquisitions.
As Finextra pulls the shutters down on 2016, we take a look back at our most popular news stories, videos, and community engagement activities over the course of the past year. The site will re-open for business on 3 January 2017.
21 December 2016
The Royal Canadian Mint is to allow transfers of gold bullion value stored in its vaults over a blockchain network run by Goldmoney Inc.
MetLife in India has launched a new customer service platform available only through a virtual reality headset.
Goldman Sachs, JPMorgan and Icap are among a clutch of major financial institutions preparing to invest up to $20 million in blockchain startup Axoni, according to a report by Reuters.
20 December 2016
Lloyds Banking Group is to test-drive technology presented by two of the ten companies participating in this year's Startupbootcamp demo day in London.
ABN Amro's journey to explore the full potential of blockchain-based transactions in financial services has moved into the commercial real estate sector.
19 December 2016
This Christmas drinkers in one London pub will be spared the ritual of frantically waving £20 notes at bar staff in an effort to grab their attention, thanks to a self-service beer pump with built-in contactless payment capabilities.
16 December 2016
A Spanish bank-backed fintech incubator and accelerator is inviting startups from Europe and Latin America to apply for four-month programme at its base in Valencia.
TD Ameritrade has launched an app that lets investors ask Amazon's Alexa virtual assistant for financial market updates and securities quotes.
HSBC in the UK and Australia's NAB are both entering the API game by opening developer portals that give third parties access to some of their data.
15 December 2016
Australia's securities watchdog has released a number of waivers that will enable eligible fintechs to test services without the need to hold an Australian Financial Service licence or to make individual applications to the regulator.
The Financial Conduct Authority is preparing to crackdown on lax practices in the UK's booming crowdfunding industry after raising concerns about misleading and complex marketing and inadequate provisions for winding down when a platform goes belly-up.
09 December 2016
Scotiabank and QED Investors are collaborating on an initiative to inject capital and industry expertise into select Latin American fintech companies.
Sophie Guibaud, VP of European expansion at Fidor Bank looks back at the key banking tech trends of 2016 and what we can expect to rise to the top in the year ahead.
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