Innovation

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/Innovation

Swift Operations Forum Europe 2017, Amsterdam - Day 1 report

The future of money, how we use data and the dizzying advances in digital technologies dominated the opening discussions at the annual Swift Operations Forum Europe (SOFE) convention in Amsterdam.

/Innovation

Allianz abandons internal innovation projects in favour of startup investments

Allianz X, the venture unit of the Allianz Group, announced today strategy and leadership changes intended to prepare the entity for long-term success.

/Innovation

Nordea sets up fintech fund; invests in Betalo

Nordea has become the latest bank to set up a venture fund to invest in fintech startups and gain a headstart in the race towards digitalisation.

/Innovation

Expect many winners with the arrival of PSD2

Lars Sjögren, Global Head of Transaction Banking, Danske Bank, talks at NextGen Banking Nordics about whether the financial community is truly ready for the arrival of PSD2, how are banks preparing to take advantage of the opportunities it brings and how it will evolve in the future.

/Innovation

Finding the friction and moving forward

Paul Francis Walvik Joynt, Engagement Director, NETS, talks at NextGen Banking the use cases and impacts of Instant Payments, what this means in the context of digitalisation and whether there are opportunities arising from interoperability and the wide spread adoption of Instant Payments.

/Innovation

Three barriers to digitalisation

Mike Walker, Head of Solution Enablement, Transaction Banking, Finastra, talks at NextGen Banking Nordics about what the main barriers to digitalisation in transaction banking are, how they can be overcome and what impact these new technologies and market entrants are having on the relationship between corporates and their bank.

/Innovation

Customer buying power is increasing every day

Magnus Krusberg, Country Head Sweden and Financial Services Expert, PA Consulting Group, talks at NextGen Banking Nordics about why there is such a focus on insurtech and regtech in the new fintech report from Stockholm School of Economics, where there is significant development within regtech and how insurtech will affect the insurance industry for the future.

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France's Groupe BPCE to spend $600 million on digital transformation plan

The successful execution of “Another Way to Grow” over the 2014-2017 period enabled Groupe BPCE to strengthen its retail banking business, as witnessed by a sizeable 730,000 increase in the number of principal active banking customers and a rise in the percentage of the Group’s clients equipped with products.

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Brexit demands a ‘Match Fit Economy’

Jim Wadsworth, UK Product Director, Vocalink, a Mastercard company, talks about a ‘Match Fit Economy’, what it is and what it has to do with payments, why Brexit is such an important moment from a payments perspective and what the future looks like for the UK payments market.

/Innovation

Luxembourg and Japan fintech groups sign MoU

As part of the Luxembourg State visit in Japan and following the Luxembourg-Japan Business Forum in Tokyo highlighting the future of financial relations between Japan and Luxembourg, the Luxembourg House of Financial Technology Foundation (LHoFT) is pleased to announce the signature of a new Memorandum of Understanding (MoU) with the Fintech Association of Japan (FAJ) on Wednesday, 29 November.

/Innovation

Bank spending on RegTech for fixed income trading desks tops $20 billion

Fixed-income dealers are spending as much as $20 billion a year on RegTech (regulatory technology) to help them comply with the raft of regulations covering their trading desks, according to a new report from Greenwich Associates.

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HKMA opens fintech supervisory chatroom

The Hong Kong Monetary Authority (HKMA) launched the Fintech Supervisory Chatroom today.

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Vocalink:Payments innovation should play critical role in Government’s post-Brexit economic strategy

Vocalink, a Mastercard company, global payments partner to banks, corporates and governments, has published a set of payments innovation ideas that would provide a foundation for a more productive and efficient UK economy.

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Data is at the core of AI improvement

Mattias Fras, Group Head of AI Strategy & Innovation, Nordea, talks at NextGen Banking Nordics about the hype around AI, what the industry is doing around this new technology and what will be the main challenges ahead.

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The Nordic financial ecosystem

Matthew Argent, Founder & CEO, Stockholm Fintech, talks at NextGen Banking Nordics about the genesis of the fintech hub in the Nordics, expansion of business to Helsinki and Oslo, and what is so special about the Nordic financial ecosystem.

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Integrating sustainability into the risk framework

Ase Bergstedt, Chief Sustainability Strategist, Nordea, talks at NextGen Banking Nordics about what it means to work as Chief Sustainability Strategist, examples of sustainability risks and how they can be managed and what we can expect to see in the future around sustainability.

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Societe Generale to cut 900 staff, close 300 branches

French bank SocGen is taking the axe to its business once again, announcing plans for a further 900 job reductions and the closure of 15% of its branch network.

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The promise of open banking

Gunnar Berger, Head of Open Banking, Nordea, talks at NextGen Banking Nordics about whether we will notice any difference in January 2018 around PSD2, what success in open banking will look like for banks, and how can they measure it, and whether customers will really benefit from open banking.

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BofE stress tests: Banks coud be underestimating the risks from fintech

Britain's banks may be overestimating their ability to limit the impact of fintech and open banking on future profit margins says the Bank of England.

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Compliance is not the goal, only a tool

Egil Bergenlind, Founder & CEO, DP organizer, talks about how companies should approach regulations in general and how to make sure regulations aren't stopping business, which regulations they should embrace and how technology can help companies with compliance.