3418 articles tagged with this keyword
News/Innovation
Emirates NBD and India's Icici Bank have successfully completed a pilot project to deploy a permissionable blockchain for international remittances and open account trade finance transactions.
12 October 2016
A blockchain-based startup for trading in growth companies founded by former Nasdaq Tallin stock exchange head Kaidi Ruusalepp has raised $2.6 million in a funding round led by Draper Associates, Thomson Reuters, and IQ Capital.
Wells Fargo has created a payments, virtual solutions and innovation group led by 23-year bank veteran Avid Modjtabai.
Crowdcube has named former Citigroup and HSBC executive Simon Williams as chairman, hailing the appointment - and an investment by Williams in the business - as a clear indication that equity crowdfunding has moved into the mainstream world of finance.
While three quarters of banks are actively experimenting with blockchain technology, regulatory uncertainty and a lack of inhouse expertise are proving major roadblocks to near-term adoption, according to research from SIX Securities Services.
Blockchain-based smart contracts will transform the financial services industry, saving punters billions of dollars in fees for things such as mortgage applications and auto insurance, claims a Capgemini report.
11 October 2016
Plum, the latest fintech startup looking to help the millennial generation manage their money and encourage savings, has raised £0.5 million in seed funding ahead of an invite-only launch at the end October.
Commonwealth Bank of Australia is trialling the use of virtual reality technology to teach young children about money management.
10 October 2016
Julia Krauwer, artificial intelligence expert at ABN Amro, discusses how advances in machine learning are increasingly being applied to an array of business-to-consumer interactions, including banking.
Wells Fargo and Australia's ANZ have built a shared distributed ledger platform prototype for correspondent banking payment reconciliation and settlement.
Thomson Reuters is to build a new technology centre in downtown Toronto, creating 400 IT jobs.
07 October 2016
Capital One is continuing its fintech shopping spree, buying online price tracker Paribus for an undisclosed fee.
Kreditech, a Germany-based lender focused on the unbanked, has brought in Michal Panowicz, a digital banking veteran with spells at Nordea and Poland's mBank under his belt, as chief product and information officer.
Kiwibank has partnered with Xero, Callaghan Innovation and Creative HQ to launch New Zealand's first fintech accelerator.
The Luxembourg fund industry is exploring how the uptake of distributed ledger technology can be applied to radically transform the asset management business, adopting a consortium-based approach involving nine leading banks, professional services firm PwC and local startup Scorechain.
SEB is to roll out a new artificial intelligence agent named Amelia as part of its customer support team.
06 October 2016
Swiss financial infrastructure provider SIX Group is to open up its F10 incubator and accelerator as an independent association for Swiss financial firms as it sifts through 120 applications for its next cohort of startups.
The Sydney Stock Exchange is looking to beat its larger compatriot, the Australian Stock Exchange, to the punch in the development of a blockchain-based settlement system for equity securities.
In a UK first, Santander has teamed up with a crowdfunding platform, promising to match pledges given to social enterprises and community projects.
04 October 2016
MasterCard is launching its Identity Check Mobile technology in 12 European countries, enabling online shoppers to authenticate themselves through facial recognition and fingerprints.
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