Innovation

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Securities Commission Malaysia opens sandbox for alternative trading systems

The Securities Commission Malaysia (SC) today announced that parties interested in establishing and operating an Alternative Trading System (ATS) in Malaysia can apply to participate in regulatory sandbox sessions under the SC’s FinTech Innovation Lab (aFINity - alliance of FinTech community).

Savings app Chip raises £1.1 million on Crowdcube

/Innovation

Savings app Chip raises £1.1 million on Crowdcube

Chatbot savings app Chip has crashed through the £1 million barrier in a crowdfunded effort to raise funds to apply for a banking licence.

/Innovation

Ripple launches infrastructure innovation initiative

While the market has been focused on the bitcoin frenzy and commercial banks continue their migration onto enterprise-grade platforms, such as RippleNet, another revolution has quietly bubbled up around Distributed Ledger Technology (DLT).

/Innovation

Canadian competition watchdog publishes fintech market report

The Competition Bureau has published the final report from its market study concerning technology-led innovation in the Canadian financial services sector.

/Innovation

NTT Data joins Bank of England accelerator

NTT DATA, a leading consulting and IT services provider, has secured a place in the Bank of England’s (BoE) highly regarded FinTech Accelerator programme.

/Innovation

Dear Prudence: Prudential launches AI-powered chatbot

Prudential Hong Kong Limited (“Prudential”) today announced two new additions to its digital transformation line-up that harness automation, artificial intelligence (AI), machine learning and other technological innovations in order to provide a more personalised and accessible experience to customers.

/Innovation

RBS creates mortgage innovation role; appoints Dan Salmons

A new Director of Mortgage Innovations has been appointed by RBS.

/Innovation

Regulatory pathway for new banking entrants is welcome but could be improved: FinTech Australia

A proposed new regulatory pathway to allow the creation of Australian challenger banks is a welcome move but does require some improvements, according to the peak body for the nation’s fintech industry.

Citi opens PFM beta-testing site

/Innovation

Citi opens PFM beta-testing site

Citi has opened a beta-testing community site to gather feedback from customers on new products in the personal financial management space.

/Innovation

Tucson FCU embeds video tellers at the drive-thru

NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that Tucson FCU has kicked off a project to transform the drive-thru experience at multiple branch locations in Arizona.

/Innovation

FinTech Indonesia signs collaboration agreement with FinTech Australia

The peak financial technology (fintech) industry bodies in Indonesia and Australia have signed a landmark agreement to help drive exchanges of talent and expertise between the two growing fintech markets.

/Innovation

Israel and Singapore fintech hubs sign MoU

The Singapore FinTech Association (SFA) and the Israeli City TLV association have inked a Memorandum of Understanding (MOU) to foster greater FinTech co-operation between the two communities.

Utilising technology through culture change

/Innovation

Utilising technology through culture change

Kam Chana, Digital Strategist, Temenos, talks at NextGen Banking Nordics about the most pressing challenges around digital transformation, what banks can do about culture change within an organisation and how culture change within a bank can help its ability to deliver new technology.

Insuretech: moving beyond the 20th Century

/Innovation

Insuretech: moving beyond the 20th Century

Christer Braaf, CEO & Co-founder, Insurance Simplified, talks about how insurers are responding to technology opportunities, whether the culture of insurers benefits from insuretech and what challenges and opportunities IoT presents for insuretech.

Schroders launches asset management chatbot in Singapore

/Innovation

Schroders launches asset management chatbot in Singapore

Schroders in Singapore has launched an online chatbot operating through Facebook Messenger to answer client queries and fetch and display requested fund management data.

JPMorgan Chase and Barclays join IBM quantum computing push

/Innovation

JPMorgan Chase and Barclays join IBM quantum computing push

JPMorgan Chase and Barclays are among the first firms to tap into the IBM Q early-access commercial quantum computing systems.

RBA governor cool on electronic dollar; calls bitcoin 'speculative mania'

/Innovation

RBA governor cool on electronic dollar; calls bitcoin 'speculative mania'

The Reserve Bank of Australia has no plans to issue electronic dollar banknotes, says governor Philip Lowe in a speech in which he also dismisses the current fascination with bitcoin as a "speculative mania".

/Innovation

Luxembourg Bankers’ Association welcomes first six firms to Fintech Service Pack

The Luxembourg Bankers’ Association (ABBL) and its Digital Banking and FinTech Innovation (DBFI) Cluster launched recently the FinTech Service Pack that provides an opportunity for deeper cooperation between ABBL members and FinTech firms.

Nordea takes Open APIs into live production

/Innovation

Nordea takes Open APIs into live production

Nordea is to give selected third parties access to live customer datasets as it moves into the final stages of its Open API pilot trials.

Open Up Challenge prize winners share the spoils

/Innovation

Open Up Challenge prize winners share the spoils

UK innovation agency Nesta has doled out £1 million to ten firms who participated in a contest to inspire the creation of new products and services using Open Banking APIs.

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