Latest Innovation News: Finextra Research

Fintech's success raise questions about EU's crowdfunding limits

A fintech startup aimed at teaching children how to manage their pocket money has become the most highly funded crowdfunded fintech startup in Britain after raising just under £4m in a matter of weeks.

07 June 2016

News/Innovation

Token launches payment network for PSD2 compliance

A new payment network is aiming to help banks turn compliance with the latest payment services directive into a money-spinning exercise.

07 June 2016

News/Innovation

Live: EBAday 2016, day one

Payments professionals from across Europe are gathering in Milan this week for EBAday 2016, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

07 June 2016

News/Innovation

Singapore regulator proposes fintech sandbox

The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing a regulatory sandbox for fintech startups and pilot schemes.

06 June 2016

News/Innovation

Emirates NBD preps digital bank for millennials

Emirates NBD is set to launch a digital-only bank aimed at millennials as part of a wider AED500 million ($136 million), three year online and mobile transformation plan.

06 June 2016

News/Innovation

China's Mobvoi adds contactless payments to smartwatch

Smartwatch maker Mobvoi has teamed up with China UnionPay and Oberthur Technologies (OT) to add contactless payments to its timepiece.

06 June 2016

News/Innovation

BofE turns to augmented reality to showcase new plastic fiver

The Bank of England is bidding to give old fashioned cash a sheen of 21st century technological glamour for the unveiling of the new plastic fiver, building a slick new website, YouTube promo video and even a virtual reality app.

02 June 2016

News/Innovation

UK Treasury Committee calls for further scrutiny of P2P market

The UK's influential Treasury Committee has called on banking regulators to pay closer attention to the inherent risks to consumers and banks involved in P2P lending and crowdfunding.

02 June 2016

News/Innovation

Esma assesses regulatory framework for distributed ledger adoption

The European Securities and Markets Authority (Esma) is seeking feedback from market participants on the possible use of distributed ledger technology in securities markets, honing in on the "potential benefits and the risks that such broader use may pose".

02 June 2016

News/Innovation

NAB and Telstra form joint venture to launch SME marketplace

National Australia Bank and Telstra have partnered to create a digital marketplace where small businesses can barter their services.

02 June 2016

News/Innovation

SETL launches OpenCSD platform to rewire post-trade processing

SETL, the operator of a permissioned ledger for post-trade processing, has launched its first commercially available application.

01 June 2016

News/Innovation

Intel builds Tel Aviv fintech innovation lab

Chip giant Intel is teaming up with Tel Aviv-based fintech hub The Floor to create an Israeli financial technology innovation lab.

01 June 2016

News/Innovation

Asset owners and managers not ready for blockchain

More than half of asset owners and managers think that blockchain will be widely adopted in the investment industry in the next five years, yet many admit they do not know enough about it and hardly any have begun experimenting with the technology, according to a State Street survey.

01 June 2016

News/Innovation

French regulator sets up fintech policy unit

French financial markets regulator Autorité des Marchés Financiers (AMF), is setting up a 'fintech, innovation and competitiveness' division to address the impact of new technologies on financial services provision.

31 May 2016

News/Innovation

Mondo puts product roadmap on Trello

UK challenger bank Mondo has published its product roadmap for the coming months on a public Trello board in an effort to build transparency and keep prospective users appraised of up-and-coming developments.

31 May 2016

News/Innovation

Abu Dhabi makes fintech play

Abu Dhabi is staking its claim to be the Middle East's financial technology centre, partnering regional startup accelerator programme Flat6Labs to build up the emirate's fintech ecosystem.

30 May 2016

News/Innovation

Swedbank creates digital banking group

With customers ditching branches for mobiles, Swedbank is on the hunt for someone to lead a newly created digital banking group.

30 May 2016

News/Innovation

London law firm sets up fintech fund to provide free legal advice to startups

A London law firm is to set aside £100,000 per annum to provide free legal advice to fintech startups.

27 May 2016

News/Innovation

MEPs call on Commission to set up virtual currency task force

The EU Commission should set up a taskforce to monitor virtual currencies to prevent their being used to launder money or finance terrorism, said Parliament in a non-binding resolution voted on Thursday.

27 May 2016

News/Innovation

Record turn out expected for EBAday 2016; exhibition floor sells out

Boasting a sold-out exhibition floor and record pre-registered delegate numbers, EBAday 2016 has reinforced its status as Europe's premier payments and transaction banking conference.

27 May 2016