3418 articles tagged with this keyword
News/Innovation
The Scottish financial sector faces a loss of over 14,000 jobs in the next decade if it fails to embrace the the current technological revolution in banking and insurance.
07 September 2016
The Hong Kong Monetary Authority is to set up a fintech innovation hub and supervisory sandbox, following in the footsteps of regulatory bodies in the UK, Australia and Singapore.
06 September 2016
Emirates NBD is launching a new innovation lab with a wide-ranging brief, from the cultivation of user-friendly, client-facing design and services through to back office re-engineering.
Dutch bank ING welcomed a special guest to its headquarters this week: Pepper, a humanoid robot who may herald the beginning of an AI-driven future for banking services.
Singapore's OCBC has lifted the funds transfer limit on its mobile P2P Pay Anyone service to $1000 following a five-fold increase increase in use since it was first introduced in 2014.
05 September 2016
HSBC is to enable business customers to open an account via facial recognition technology, following a trend set by the likes of MasterCard and challenger bank Atom.
UK innovation agency Nesta is recruiting for a senior manager to co-ordinate a "multi-million pound" challenge prize programme aimed at encouraging fintech startups to build data-driven comparison tools to support small businesses in selecting financial products and services.
In an effort to prove that blockchain technology is not just the preserve of big ticket banking associations, US credit unions have formed a collaborative venture to explore the application of distributed ledgers for member-owned financial cooperatives.
Bots are not ready for prime time when it comes to banking, and most banks should hold off on launching customer service or chat bots on messaging platforms for another two to three years, according to a new Forrester report.
02 September 2016
Apple is showcasing up-and-coming applications from Square and UK challenger bank Monzo which will enable iPhone users to transfer funds with a simple voice request via Siri.
Visa Europe is looking for banking partners to participate in a pilot project exploring the application of blockchain technology in domestic and cross-border funds transfers.
01 September 2016
Moneybox, a digital savings and investment app that rounds up spare change from card transactions into a stocks and shares ISA, has launched in the UK.
31 August 2016
Australian fintech accelerator H2 Ventures has lodged a prospectus with the country's securities regulator to file for an IPO as a listed venture capital company, with a view to raising up to $55 million for investment in early-stage startups.
More than half of bank executives think that a lack of available IT resources is slowing down their ability to mature digitally, according to a survey from Liferay.
30 August 2016
Japan Exchange Group is talking up the transformational potential of the use of distributed ledgers in capital markets after analysing the results of proof of concept trials with member firms over the course of the past year.
After sifting through thousands of submissions from the public and rejecting such tempting options as Banky McBankface and Mayonnaise, British app-only challenger bank Mondo has unveiled its new name: Monzo
25 August 2016
Innotribe, Swift's innovation arm, and London-based Innovate Finance have signed up more than 20 countries to a new Global Fintech Hubs Federation (GFHF) that will work to bring together the international community of financial technology players.
More than 84% of trading venues and clearing counterparties surveyed by the World Federation of Exchanges (WFE) are either investigating or actively pursuing the applicability of distributed ledger technologies in financial markets.
Westpac is leveraging its investment in data sharing startup Data Republic with the launch of a service that enables corporate clients to store and exchange anonymised data with a view to gaining deeper insights into customer behaviour.
US Bank is the latest large financial institution to team up with an automated investment platform to provide online financial advice to wealth management clients, forming an alliance with BlackRock-owned FutureAdvisor.
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