3418 articles tagged with this keyword
News/Innovation
The introduction of a central bank digital currency (CBDC) could significantly boost gross domestic product, new research from the Bank of England suggests.
19 July 2016
Santander has doubled the size of its fintech investment fund, from $100 million to $200 million, in what the bank describes as a sign of commitment to its philosophy of collaborating with startups.
Chinese web giant Baidu has made an investment in ZestFinance, a US fintech startup using machine learning to overhaul the credit scoring business. The size of the deal has not been disclosed.
18 July 2016
Britain's recent vote to leave the European Union has prompted several London-based fintechs to enquire about moving to Berlin, claims a business development group in the German capital.
Lloyds Banking Group has become the latest UK high street bank to launch a mentoring service for fintech startups.
MarketInvoice, a UK-based P2P lender has secured more than £7m in its latest round of fundraising, defying the economic uncertainty around startups following the UK's controversial vote to leave the European Union.
Once the preserve of anarcho-libertarians, digital currencies and their underlying distributed ledger technology (DLT) are making their way onto the agenda at the heart of the British establishment as the House of Lords prepares to hear from a top Bank of England official about the prospects for a 'Britcoin'.
15 July 2016
Forget Apple Pay, the cool new way to get around on London's Underground is to tap your contactless fingernails.
Berlin-based mobile payments startup Cringle is using the banking license and Sepa Access API of compatriot solarisbank to launch its P2P payments platform across the Euro zone.
Tochka, an online bank for Russian SMEs has hooked up with Facebook Messenger as a new customer communications channel.
Neon, a millennial-targeting smartphone-based bank that uses facial recognition technology to authenticate its customers, has launched in Brazil.
Starling Bank, the latest digitally-native mobile challenger bank to hit the UK, has been granted a banking license by the Prudential Regulatory Authority (PRA) and the Financial Conduct Authority and is inviting prospective customers to sign up ahead of a formal launch in January 2017.
14 July 2016
The profound change underway in the payments industry is good news for some of Europe's biggest fintech firms, including Gemalto and Ingenico, which are set to benefit from years of "secular tailwinds", according to research from Citi.
After two years in stealth mode, a British startup run by a gaggle of former Google engineers has come into the light claiming to have solved the greatest challenge in fintech: how to replace core banking systems.
13 July 2016
The R3 blockchain consortium is working with Barclays Bank, Isda and legal and academic bodies to explore the development of a repository of master templates for smart contracts when trading and managing securities on distributed and shared ledgers.
Blythe Masters, the former JP Morgan bigwig who now runs distributed ledger technology startup Digital Asset Holdings, has been named group senior advisor on technology and blockchain by Spanish banking giant Santander.
12 July 2016
Barclays' South African unit Absa is boarding the blockchain train, joining the R3 consortium and teaming up with several local banks in an effort to develop the continent’s first distributed ledger-based banking system.
KBC has developed a blockchain application for managing, tracking and protecting domestic and international trade transactions between SMEs.
KPMG is looking to give Australian mutuals and credit unions a leg up on the fintech innovation ladder with the establishment of a startup accelerator to showcase the creative and commercial potential of collaboration with emerging technology firms.
IBM is to establish its first 'Centre for Blockchain Innovation' in Singapore, working in concert with the island city-state's Economic Development Board and Monetary Authority.
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