Latest Innovation News: Finextra Research

Ontario Securities Commission appoints Fintech Advisory Committee members

The Ontario Securities Commission (OSC) today announced new members of its Fintech Advisory Committee (FAC), which advises OSC staff on developments and trends in the fintech space, as well as the unique challenges encountered by innovative businesses in the securities industry.

07 February 2018

Company update/Innovation

SixThirty on the hunt for fintech firms to join Spring portfolio

SixThirty, a global financial technology (FinTech) venture firm based in St. Louis, is seeking FinTech entrepreneurs from around the world to join its Spring 2018 portfolio and participate in its updated go-to-market program – SixThirty 2.0.

07 February 2018

News/Innovation

Bristol startup NetKernel hires Deutsche Bank innovation lead as CEO

Charles Radclyffe, the head of technology at Deutsche Bank Labs, has quit the bank to lead Bristol UK-based data processing startup NetKernel.

07 February 2018

News/Innovation

UK fintech hoovered up record-breaking VC investments in 2017

Venture capital investment in UK fintech firms more than doubled in 2017 to reach $1.8 billion, with 54% of the total coming from overseas VCs who appear largely untroubled by the UK's imminent break from the European Union.

07 February 2018

Company update/Innovation

Innovate Finance and National Internet Finance Association of China sign MoU

Innovate Finance, the UK membership association that represents global FinTech, and the National Internet Finance Association of China (NIFA), China’s national self-regulatory organisation for FinTech, today announced the signing of a Memorandum of Understanding (MoU) to cooperate on supporting and promoting the UK and China’s leading FinTech hubs and member firms.

06 February 2018

News/Innovation

Cybersecurity dominates EU Fintech Action Plan

Cybersecurity takes top billing in the European Union's upcoming Fintech Action Plan, with a draft emphasising efforts to improve cooperation and coordination between market participants and regulators.

06 February 2018

Company update/Innovation

Thomson Reuters sees divergence in regulatory reforms as firms race to harness tech

Ten years after the financial crisis, the resulting push for global regulatory harmony is giving way to divergent stances on the need for compliance, as long-awaited major reforms take effect in the EU, while in the U.S. the Trump Administration rolls out its deregulatory agenda set a year ago.

05 February 2018

News/Innovation

Singapore Airlines takes a flyer with blockchain-based loyalty wallet

Singapore Airlines is to develop a blockchain-based digital loyalty wallet for frequent flyers in collaboration with retail partners.

05 February 2018

Company update/Innovation

Switzerland and Austria to host annual UK Fintech Mission

Her Majesty’s Swiss Government is delighted to announce the third UK Fintech Mission to Switzerland which, because of its past success, this year encompasses both the Austrian and Swiss markets.

05 February 2018

News/Innovation

Credit Suisse hires virtual IT support agent Amelia

Credit Suisse has added a new member to its IT support team - Amelia, an AI-powered virtual agent who helps thousands of the bank's human employees with their day-to-day tech problems.

05 February 2018

Company update/Innovation

World Federation of Exchanges lists fintech and cybersecurity among its top four priorities

The World Federation of Exchanges (“The WFE”), the global industry group for exchanges and CCPs, has agreed its 2018 business priorities will focus on areas including regulatory coherence; CCP recovery & resolution issues; cyber security; FinTech; and SMEs.

02 February 2018

Company update/Innovation

Diebold and US Bank to showcase the future of connected commerce at Super Bowl Live

Diebold Nixdorf (NYSE: DBD), a world leader in driving connected commerce, has partnered with U.S. Bank to showcase the future of banking at the nation's largest sporting event from January 31 to February 4.

02 February 2018

Company update/Innovation

Ping An OneConnect fintech subsidiary raises $650 million in financing

Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or "the Group", HKEx: 2318; SSE: 601318) is pleased to announce that three technology subsidiaries under the Group - Ping An Healthcare and Technology Company Limited (hereafter "Ping An Good Doctor"), Ping An Medical and Healthcare Management Co., Ltd. (hereafter "Ping An Healthcare Technology") and OneConnect Financial Technology Co., LTD (hereafter "OneConnect") - have recently completed private placement financing.

02 February 2018

News/Innovation

EU sets up Blockchain Observatory and Forum

The European Commission has launched a Blockchain Observatory and Forum with the express aim of supporting the EU's emerging fintech industry.

02 February 2018

Company update/Innovation

Vilnius opens international blockchain centre

Europe’s first international Blockchain Centre launched its operations in Vilnius - the capital of Lithuania.

02 February 2018

Company update/Innovation

Australian and Hong Kong fintech lobbies strengthen ties

The FinTech Association of Hong Kong (FTAHK) and FinTech Australia have signed a memorandum of understanding to strengthen the ties between each other’s fintech industries and lift support for businesses seeking investment, partnerships and expansion into each other’s markets.

02 February 2018

News/Innovation

Clearstream to explore the use of AI for improving software development

International depository Clearstream is collaborating with the University of Luxembourg to investigate the use of artificial intelligence in determining user expectations and functional specifications for new IT systems.

02 February 2018

News/Innovation

Unicredit launches iPhone-only buddybank

Italy's Unicredit is trying to give banking's staid image a makeover and make it "cool" through the launch of a mobile-only subsidiary called buddybank.

01 February 2018

Company update/Innovation

Luxembourg and Belgian fintech hubs sign MoU

As part of the LHoFT delegation at the Paris Fintech Forum held on January 30 & 31 at the former stock exchange in the very heart of Paris in Palais Brongniart, the Luxembourg House of Financial Technology Foundation (LHoFT) is pleased to announce the signature of a new Memorandum of Understanding (MoU) with the Belgian Fintech hub B-Hive on Tuesday, 30 January.

01 February 2018

Company update/Innovation

Australian fintech industry calls on Government to make crowdfunding legislation a priority

Australia’s fintech industry today called for the speedy approval and implementation of private company equity crowdfunding legislation to help more Australian small-to-medium sized businesses to access the funds they need to grow.

01 February 2018