Latest Innovation News: Finextra Research

First direct pilots artha app for marketplace banking

UK digital bank first direct has begun trialling an app that lets people see account information from all of their providers, as well as get money management tips and product suggestions - including from third parties.

22 February 2018

News/Innovation

NatWest experiments with 'digital human' to answer customer queries

NatWest is in advance testing of a lifelike human avatar trained to answer customer queries across its mobile and online channels.

21 February 2018

Company update/Innovation

Benelux organisation sign blockchain collaboration MoU

Three organizations - B-Hive, the Luxembourg House of Financial Technology (LHoFT) and the Dutch Blockchain Coalition - today signed a Memorandum of Understanding (MoU) that will allow them to leverage their significant collaboration potential for mutual benefit around the topic of distributed ledger technology, otherwise known as blockchain, and allows them to recognize each other’s contribution towards this collaboration.

21 February 2018

Company update/Innovation

Fintech Scotland connects with New Zealand counterpart

Things are moving at pace at FinTech Scotland in 2018.

21 February 2018

Finextra TV/Innovation

Data savvy and tech heavy CMOs

Martin Häring, Chief Marketing Officer, Finastra, talks about the implementation priorities for banks in 2018, what bank CMOs will be focusing on this year, and whether PSD2 and GDPR are a threat or an opportunity for banks.

21 February 2018

News/Innovation

Anyfin raises €4.8 million to refinance loans with a statement selfie

Anyfin, a Swedish startup that offers to refinance consumer loans and credit card debt using a combination of artificial intelligence and a photo of the current statement and repayment terms, has bagged €4.8 million in Series A funding led by Accel and Northzone.

21 February 2018

News/Innovation

FCA calls for feedback on RegTech reporting PoC

The UK's Financial Conduct Authority has launched a call for input on the use of technology to achieve smarter regulatory reporting

20 February 2018

Company update/Innovation

Zurich opens UK Innovation Foundry

Today sees the launch of Zurich’s UK Innovation Foundry. The new initiative which will tackle the ever changing customer demands as well as embedding a clear culture of innovation throughout the insurer – from the initial ‘spark’ of inspiration to a full-scale roll out.

20 February 2018

News/Innovation

Deutsche Bourse to run crypto asset contest

Deutsche Bourse is inviting entry's for a coding competition to create new business applications for crypto assets, reflecting the increasing interest in virtual currency markets by established financial firms

20 February 2018

Company update/Innovation

NatWest to take over running of Entrepreneurial Spark hubs

NatWest has announced today that it has come to an agreement with Entrepreneurial Spark that will see the transition of its network of entrepreneur accelerator hubs to be 100% managed and run by the bank.

19 February 2018

Company update/Innovation

FCA and CFTC sign fintech pact

The Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) have today signed an arrangement that commits the regulators to collaborating and supporting innovative firms through each other’s financial technology (FinTech) initiatives – LabCFTC and FCA Innovate.

19 February 2018

News/Innovation

Basel Committee outlines disruptive fintech scenarios

The Basel Committee on Banking Supervision has outlined five potential scenarios describing the potential impact of fintech on banks.

19 February 2018

Finextra TV/Innovation

Innovation beyond the four walls

Craig Young, CIO, SWIFT, talks about the importance of innovation for growth and relevance in the future, and how to identify, evaluate and implement technology into a business architecture.

19 February 2018

Company update/Innovation

Silicon Valley Bank and First Data welcome new accelerator cohort

Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, and First Data (NYSE: FDC), a global leader in commerce-enabling technology, have selected five startups to participate in Class 7 of Commerce.Innovated., an accelerator designed to help commerce, payments, and fintech companies grow their businesses.

19 February 2018

Company update/Innovation

Gold invesment app SendGold launches in Singapore

SendGold, a Gold-as-a-Service app that enables physical gold investment and payments in a digital environment, today announced the March 2018 launch of its app in Singapore.

19 February 2018

News/Innovation

Investment Association sets up fintech accelerator for asset managers

The 240-member strong UK Investment Association is to launch a fintech accelerator to host startups with 'market-viable' technology tailored to the needs of the asset management industry.

19 February 2018

Company update/Innovation

Open APIs, digital onboarding and DLT feature in Russian central bank fintech plan

Bank of Russia approves Guidelines for Financial Technologies Development for 2018-2020.

16 February 2018

Finextra TV/Innovation

Third-party due diligence requirements for financial institutions

Sylwia Wolos, Head of Enhanced Due Diligence Proposition, Thomson Reuters discusses the third-party due diligence requirements for financial institutions, the technical developments in due diligence research and the possibilities of aligning the overlapping parts of the anti-money laundering (AML) and third-party risk compliance processes.

16 February 2018

News/Innovation

London Mayor warns of Hard Brexit threat to London tech hub status

London Mayor Sadiq Khan is repeating his call for the UK to remain a part of the EU Single Market and Customs Union as new data demonstrates the UK capital's continued appeal as a magnet for international tech talent.

16 February 2018

Company update/Innovation

Singapore and Egypt bolster fintech co-operation

The Monetary Authority of Singapore (MAS) and the Central Bank of Egypt (CBE) signed an agreement to strengthen FinTech cooperation between the two countries on 6 February 2018.

15 February 2018