Innovation

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/Innovation

Israel's Viola Ventures raises $100 million for fintech investment fund

Israeli tech investment group Viola Ventures has raised $100 million with the backing of a pool of asset managers, banks and insurance companies towards the creation of a $150 million dedicated fintech investment fund.

/Innovation

The long life of AI

Kyle Thomas, Head of Worldwide Sales, Saffron Technology, Intel, talks at Sibos 2017 about why financial institutions should invest in artificial intelligence to stay in business, how it has transformed the industry, and whether it will become mainstream in banks in order to meet regulatory requirements.

/Innovation

Revolut lets customers buy Bitcoin, Litecoin and Ethereum

European digital banking outfit Revolut is now letting its customers buy, hold and exchange cryptocurrency from within its app.

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Barclays, First Direct and Nationwide join FCA sandbox cohort

Alongside the usual mix of AI and DLT-based startups, the third edition of the Financial Conduct Authority's regulatory sandbox includes propositions from three of the biggest banks on the high street - Barclays, HSBC's First Direct and Nationwide.

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Atlantic Capital Bank sets up fintech banking practice

Chris Stanley joins Atlantic Capital Bank as Vice President of Fintech Industry Banking, to lead Atlantic Capital's Fintech Banking practice.

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Setting new key beliefs for tomorrow

Karianne Undrum Melleby, Head of Partnerships, DNB, talks at NextGen Banking Nordics about working with corporate innovation and open banking, what challenges there are within this arena and what corporates can do to be more innovative and open up.

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An increase in resilience for the banking industry

Ilkka Ruotsila, Regional Director, Nordic & Baltic Countries, Deposit Solutions, talks at NextGen Banking Nordics about the main drivers behind open banking and in what way it is transforming banks and the whole financial industry.

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Fighting financial crime with FISPs

Malcolm Wright, Head of AML and Transaction Monitoring, Thomson Reuters, talks about the new financial information-sharing partnership approach that is emerging to detect, prevent and dismantle financial crime networks, the benefits this approach between financial institutions and law enforcement agencies presents business around the world, how sharing information will help to combat money laundering within the banking system and what organisations should be doing in order to be part of this movement.

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BNP Paribas enteers partnerships hackathon winners

It's time for Demo Day! As part of the 3rd edition of the BNP Paribas International Hackathon, the selected teams went to Paris to present their prototype to the Executive Committee of BNP Paribas and FinTech international experts. The winners will start a new partnership with BNP Paribas from January 2018.

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Indonesia and Australia banking on new fintech links

The Australian fintech community has welcomed a major Indonesian delegation – including 16 companies and the nation’s financial services regulators – to discuss hot topics such as financial inclusion and how to grow a robust fintech industry.

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Boerse Stuttgart digital ventures unit makes first acquisition

Boerse Stuttgart has snapped up 100% of local data analytics startup Sowa Labs, marking its first fintech acquisition since the establishment a new digital ventures unit in September.

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Maltese Government publishes blockchain and cryptocurrency discussion paper

The Maltese Government is receiving recommendations for an effective legal framework regulating blockchain technology and digital assets.

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How startups should approach working with large banks

How can a technology startup of 30 people, service its small group of clients with a combined workforce of over one million employees, $1 trillion in market cap and decades of legacy systems? By adopting a 'Thin Wedge' approach to innovation, says Guy Halford-Thompson, co-founder and director of enterprise blockchain company BTL Group

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Big data and software robots crunch compliance costs for Credit Suisse

Credit Suisse says that a new big data platform and the intelligent deployment of software robots is reversing years of rising compliance costs.

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Latest Mastercard Start Path Program includes blockchain, digital identity and healthcare fintechs

Mastercard today announced its largest and most diverse class to enter the Mastercard Start Path program – the company’s global effort to support later-stage fintech and tech startups.

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RBS and Allianz join C$45m funding round for quantum computing startup 1QBit

A host of financial services firms, including the Royal Bank of Scotland, have joined a C$45 million Series B funding round for Vancouver-based quantum computing startup 1QBit Information Technologies.

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Supporting integration to boost the ecosystem

Jarkko Leppälahti, CEO, XMLdation, talks at NextGen Banking Nordics about the value open banking brings to corporate banking, how the industry is delivering open banking and what ecosystem is needed for this to be successful.

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DBS to scale up centre of excellence in robotic process automation

DBS Bank and IBM today announced they are working together to scale an enterprise-wide Centre of Excellence (COE) in Robotic Process Automation (RPA), making it the first-of-its-kind large-scale implementation in the financial services sector in Singapore and the region.

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A shift from consumer towards business oriented services

Johan Lundberg, Founding Partner & CEO, NFT Ventures, talks at NextGen Banking Nordics about the key trends that have driven change within the fintech scene during 2017, how the fintech scene will develop during 2018 and whether fintechs and banks are doing enough to effectively collaborate.

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ECB: Banks need to grasp instant payment opportunity to beat off virtual currencies

Banks need to implement instant payments as soon as possible and provide an alternate narrative to the ongoing public debate on the alleged innovation brought by virtual currency schemes, says Yves Mersch, an executive board member of the European Central Bank.