Latest Innovation News: Finextra Research

Five hundred teams lined up for Barclays hackathon in Manchester and Mumbai

Barclays is to stage a simultaneous two-way hackathon between its fintech hubs in Manchester and Mumbai to provide startups with a chance to showcase their innovations to top decision makers at the bank.

23 September 2016

News/Innovation

HSBC looks to Shoreditch for fintech hub - Bloomberg

In the latest example of a bank bidding to ditch the pinstripes in favour of hoodies, HSBC is apparently on the hunt for a major fintech-focussed office space in the heart of London's hipster scene, Shoreditch.

23 September 2016

News/Innovation

FCA to kickstart sandbox with 24 applicants

The UK's Financial Conduct Authority has accepted 24 applicants, from a total of 69, to participate in its fintech sandbox, where innovative financial products can be tested before proceeding to authorisation.

22 September 2016

News/Innovation

Digital finance could create 95 million new jobs in emerging economies - McKinsey

Delivering financial services by mobile phone could raise the GDP of all emerging economies by six percent to $3.7 trillion over the next ten years and create 95 million new jobs, according to research by McKinsey Global Institute.

22 September 2016

News/Innovation

The digitalisation challenge: how much more do banks need to do?

Finextra will be hosting a roundtable in NYC on 4 October that will explore banks’ progress in securing their role in the digital ecosystem.

22 September 2016

News/Innovation

Thailand sets up fintech sandbox

Thailand is the latest country preparing to open a fintech regulatory sandbox, with the central bank set to invite firms to participate early next year.

22 September 2016

News/Innovation

P2P insurance startup Lemonade launches with charity pledge

Lemonade, a peer-to-peer insurance company, has launched in New York state, where it hopes to take on traditional players through a mix of clever technology and a charitable component.

21 September 2016

News/Innovation

Wealth management firms to embrace tech and see off fintech insurgents - report

Wealth management firms are falling short of client expectations when it comes to their use of technology, but established players in the field are likely to respond well to the digital revolution and will not be displaced by fintech insurgents, new research from Roubini ThoughtLab suggests.

21 September 2016

News/Innovation

CIBC, NAB and Bank Leumi form innovation alliance

Canadian Imperial Bank of Commerce, National Australia Bank and Israel's Bank Leumi have formed an "innovation alliance" that will see them share strategies for improving client services in the digital age.

21 September 2016

News/Innovation

MarvelStone Group to launch 'world's largest' fintech hub in Singapore

Asian investment house MarvelStone group is laying claim to the creation of the world's largest fintech hub, Lattice80, which will open in Singapore's Central Business District in November.

21 September 2016

News/Innovation

Lloyds seeks head of fintech discovery

Lloyds Banking Group is on the hunt for a head of "fintech discovery" to help lead its £1 billion, three year digital transformation programme.

20 September 2016

News/Innovation

Leeds community gets behind UK regional fintech push

At YBS hosted event, local fintech stakeholders grapple with challenge of acting quickly but strategically.

20 September 2016

News/Innovation

Time has come to extract value from blockchain investment – new Finextra paper

Latest Finextra paper finds blockchain has grown up during 2016, and explores industry’s efforts to exploit its potential in a shorter timeframe.

20 September 2016

News/Innovation

Brexit be damned: UK fintech weathering the storm

Three months on from the Brexit referendum result and investment in UK fintech firms shows no sign of slowing down, according to data from Innovate Finance.

19 September 2016

News/Innovation

BNP Paribas extends crowdfunding blockchain programme

BNP Paribas Securities Services is expanding its blockchain platform for private stocks to help unlisted companies issue minibonds via crowdfunding platforms.

19 September 2016

News/Innovation

Co-habitation with banks key to fintech future

Successful fintech companies will be those that accept that rather than taking business away from banks their technologies will be adopted by financial institutions, says Damien Jamet, chief digital officer and chief of staff at Societe Generale Securities Services.

19 September 2016

News/Innovation

Banks reap app rewards but face threat from new mobile challengers

While mobile apps have proved a boon for Europe's retail banks, new research suggests that they could also prove a threat, with new specialist players picking off customers in key areas and disrupting the traditional full-service model.

16 September 2016

News/Innovation

BTMU and IBM use blockchain for contract management

The Bank of Tokyo-Mitsubishi UFJ (BTMU) and IBM are teaming up to use blockchain technologies for the design, management and execution of contracts among business partners.

16 September 2016

News/Innovation

Barclays signs contracts with six accelerator graduates

Barclays Bank has signed contracts with six fintech startups participating in its accelerator programme in New York.

16 September 2016

News/Innovation

Banks rushing to collaborate with fintech startups

Collaboration with fintech startups is seen as a critical element in bank digital transformation strategies, according to a survey of financial executives conducted by IDC.

16 September 2016