Innovation

3418 articles tagged with this keyword

/Innovation

Accelerating fintech innovation

Fintech accelerators come in all shapes and sizes. Reetika Grewal, head of payments strategy and solutions at Silicon Valley Bank, charts the path taken by Commerce.Innovated, the SVB/MasterCard joint programme.

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NEC trials facial recognition technology at the POS

NEC has embarked on trials of 'cashless payment services' using facial recognition technology to verify consumer identities at small shops located inside its head office building in Tokyo.

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UK govt tests use of distributed ledger tech to help benefit claimants track spending

The UK government is trialling the use of distributed ledger technology and a mobile app to help welfare claimants track what they are spending their benefit payments on.

/Innovation

North Carolina passes blockchain-friendly virtual currency law

After 16 months of deliberation, North Carolina has enacted a blockchain-friendly bill with the passing of the North Carolina Money Transmitter Act.

/Innovation

Brexit breeds opportunities for UK fintech

Far from being an economic disaster, a British exit from Europe could be the best thing that's ever happened to UK fintech, says Michael Jackson, partner at Mangrove Capital and former COO at Skype.

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Russian banks create blockchain consortium

A group of Russian banks have banded together to create a national blockchain consortium to rival the international R3CEV collective.

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Big banks back fintech and cybersecurity accelerator

Startupbootcamp is to run a combined fintech and cybersecurity accelerator programme in Amsterdam with the backing of Rabobank, ING, ABN Amro, SNS Bank, PwC, NN Group, Delta Lloyd and Athlon.

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Fear and loathing dogs London's fintech scene as Brexit dread spreads

London's fintech community is calling for the UK Government to deliver a 'Brexit Blueprint' that includes single market access and financial services passporting, as fears mount over a softening of venture capital financing and a talent drain for startups operating out of the capital.

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Holland's financial institutions to get 'blockchain development campus'

The Dutch Central Bank is supporting the creation of a 'blockchain development campus' for banks to congregate and share knowledge on the the application of distributed ledger technology in the financial services arena.

/Innovation

ING bangs the drum for DevOps

ING Bank says a six-year transition to DevOps and agile development methodologies is playing a critical part in the achievement of its 'Think Forward' digital transformation strategy.

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BMW sets up financial innovation lab

BMW Financial Services is setting up an innovation lab and accelerator programme to find startups that can bring fresh perspectives to vehicle financing and insurance.

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Bank payment networks to prevail over bitcoin - Citi

Bitcoin does not as yet pose a threat to existing centralised payment networks, argues Citibank in a new research report, dismissing the digital currency as an interesting experiment with limited use cases for peer-to-peer transfers.

/Innovation

Nearly half of North Americans open to robo-advice

Nearly half of North American bank customers are open to ditching human expertise for automated, computer-generated advice and services, according to a survey from Accenture.

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BBVA explains scrum culture initiative

BBVA’s transformation process involves the creation of a "new corporate culture", says the Spanish bank in a deep-dive blog post explaining its adoption of novel ways of working based on agile methodologies

/Innovation

JPMorgan embraces fintech startups through 'in-residence' programme

Eschewing the usual accelerator route, JPMorgan is setting up an 'in-residence' programme for fintech startups, inviting them to spend six months side-by-side with the banking giant working together on digital answers to the industry's most pressing questions.

/Innovation

Credit Mutuel Arkea applies blockchain tech to verify customer IDs

Credit Mutuel Arkea has completed a pilot of an operational permissioned blockchain network to verify customer bona fides in compliance with Know Your Customer (KYC) requirements.

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Nordea sets up Group Digital Unit

Nordea has established a new Group Digital Unit to oversee its wide-ranging tech transformation programme.

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DBS bids to create 'fintech workforce' with Office 365 roll out

DBS Bank in Singapore is to become a test bed for the adoption of Microsoft's cloud-based productivity tool Office 365, in a line with efforts to create a ‘fintech-like’ workforce to help shape the future of banking.

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Finding compatibility in bank-fintech partnerships

In a world where bank-fintech partnerships are the best hope for payment innovation, Matthaeus Sielecki, head of working capital advisory – financial technology, Deutsche Bank, explores what constitutes best practice for such alliances.

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2016 Wall Street blockchain investment to top $1bn

Financial service firms and technology providers around the world will spend more than $1 billion this year as they race to bring distributed ledger tech to capital markets, claims Greenwich Associates.