Innovation

6711 articles tagged with this keyword

/Innovation

Visa expand global innovation programme

Visa (NYSE: V) today announced an expansion of Visa’s Everywhere Initiative (VEI) for 2018 with a more dynamic program, new participating countries, and an elevated level of support for participants.

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Reech Corporations Group to back German InsureTech start-up FinanzRitter

Reech Corporations Group has agreed a significant seed investment in German insureTech start-up FinanzRitter, in the latest addition to its growing pan-European portfolio of finTech businesses.

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Fintech funding sets new records in 2017

Global investment in financial technology (fintech) ventures reached another all-time high in 2017, buoyed by a surge in funding for startups in the United States, United Kingdom and India, according to Accenture (NYSE:ACN) analysis of data from CB Insights, a global venture-finance data and analytics firm.

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Credit union consortium unveils DLT-based digital ID system

CULedger, a consortium of American credit unions exploring potential use cases for distributed ledger technology, has teamed up with DLT specialist Evernym on a digital identity system.

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Taking a holistic approach to regulation

John Mason, Global Head of Regulatory & Market Structure Strategic Response & Propositions, Thomson Reuters, talks about how the market is settling in since MiFID II came into force and whether there are any early indicators that need to be revisited, what opportunities it will bring and how 2018 demands a more holistic approach towards MiFID II and other regulatory challenges.

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Fintech revolution fizzles as startups seek engagement with banks

Fintech firms are toning down the fighting talk that marked the beginning of the movement as the realisation dawns that they will be hard-pushed to succeed without the support of incumbent banks. That's the conclusion of Capgemini's World Fintech report which charts the 'fizzling out' of the much-hyped fintech revolution.

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Barclaycard invites restaurant customers to 'Dine & Dash'

Barclaycard is inviting customers of high street chain Prezzo to 'Dine & Dash' in consumer trials of a new app that enables diners to bypass the bill paying process in restaurants.

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European Fintech Alliance raises bank API fears

The European Fintech Alliance has fired another broadside in its tussle with the financial services establishment over PSD2, raising fears that banks will develop substandard APIs as a way to fend off competition.

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Creating transparency around opaque markets

Leon Saunders Calvert, Global Head of Capital Markets & Advisory, Thomson Reuters, talks about the impact of fintech so far in the investment banking space, whether the IB market is changing its approach to its own technology teams and in turn its engagement with service providers, and whether banks are under increasing cost pressures.

/Innovation

Singapore and Maharashtra sign fintech pact

The Monetary Authority of Singapore (MAS) and the Government of Maharashtra (GoM)1 signed a Memorandum of Understanding (MoU) on 18 February 2018 to strengthen cooperation in promoting FinTech innovation in the two markets.

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ADGM RegLab welcomes third cohort

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is pleased to welcome applications for the third cohort of its Regulatory Laboratory (Reglab), with a theme focusing on enhancing access to financial services for the small-medium enterprise (“SME”) sector.

/Innovation

Bahrain FinTech Bay opens for business

Bahrain FinTech Bay (“BFB”), the largest Fintech hub in the Middle East & Africa, is pleased to announce its Founding Partners, coinciding with its launch today in Bahrain. BFB is the region’s largest fintech hub and will work with established industry leaders and new entrants from Bahrain, the region and around the world to drive innovation and create opportunities for growth.

/Innovation

Open Banking could boost UK GDP by £1 billion - Cebr

The introduction of Open Banking in the UK may contribute over £1 billion annually to the UK economy and support the creation of up to 17,000 new jobs, according to analysis by economics consultancy the Centre for Economics and Business Research (Cebr).

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Bank of Queensland soaks up startup culture at local tech hub

Bank of Queensland (BOQ) has struck a two-year deal with Brisbane-based technology hub and accelerator River City Labs to support local fintech startups.

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Bank of Ireland and Tsys prep open data hack

Bank of Ireland has joined forces with Tsys to host an open data hack, inviting coders to play with payment data sets for the chance to win cash prizes.

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Deutsche Börse CollCo project green-lighted by Eurex

Deutsche Börses's Collateralised Coin Project for shifting collateral among banks using tokenised digital coins has been given the go-ahead for a full-scale pilot by Eurex Clearing.

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Banco Sabadell startup fund invests in voice biometrics firm

InnoCapital the corporate venture vehicle of Banco Sabadell's InnoCell digital hub has led a EUR1 million investment round in voice authentication startup Biometric Vox.

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BNP Paribas launches fintech investment fund

BNP Paribas has launched a new investment fund to take direct minority stakes in innovative startups that are reinventing financial services and insurance.

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Six lessons learned in Human Centred Design

Human Centred Design is all about understanding how people use things, why they use things - and then creating the things they need. Peter Dalton, group general manager innovation at ANZ explains how the process was applied while designing the bank's new mobile app.

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CBA and ING partner on RegTech pilot

Commonwealth Bank of Australia and ING have carried out a RegTech pilot which saw them use AI to simplify the processing of regulatory information.