Latest Innovation News: Finextra Research

Singapore offers $20m grant for banks' AI and data projects

Singapore has stepped up its fintech ambitions with the offer of a S$27m ($19.91m) grant to promote the further use of artificial intelligence and data analytics in the financial services market.

15 November 2017

Company update/Innovation

Emirates NBD goes digital in Dubai

Emirates NBD, a leading banking group in the region, today opened its first paperless digital branch at Dubai World Trade Centre (DWTC).

15 November 2017

Company update/Innovation

Mashreq Bank opts for NCR's SelfServ ATM

NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions announced today, that Mashreq Bank, one of the leading financial institutions (FIs) in the UAE, has added the innovative NCR SelfServ 82 ATM, which is part of the NCR SelfServ™ 80 Series family that helps financial institutions redefine the banking experience and change the way consumers interact with the ATM forever.

15 November 2017

Finextra TV/Innovation

Completing the last mile with AI

Gerry Gibney, Senior Strategist, Financial Services, OpenText, talks at Sibos 2017 about how AI is helping banks in the payments business by reducing cost and human inefficiency, whilst improving customer experience, and what the barriers are behind the benefits.

14 November 2017

Finextra TV/Innovation

Uniting technology with steadfast strategy

Seshika Fernando, Head of Financial Solutions, WSO2, talks about how ready banks are for PSD2 and how they should be thinking about building their API strategy whilst fulfilling the expectation to move beyond compliance and discover new digital transformation opportunities using technology.

14 November 2017

Finextra TV/Innovation

Bringing clarity to PSD2 challenges for payments and retail operators

John Snoek, VP Product & Operations, Acapture & Payvision, talks about how the arrival of PSD2 will disrupt the marketplace and what business opportunities the industry can expect to see from the regulation.

14 November 2017

News/Innovation

DIFC establishes $100 million fintech fund

Dubai International Financial Group (DIFC) has established a $100 million fintech-focused fund to invest in start-ups from incubation through to growth stage.

14 November 2017

News/Innovation

Singapore central bank open sources blockchain prototypes

An industry consortium led by the Monetary Authority of Singapore (MAS) and the island's Association of Banks has released the source-codes of three successful distributed ledger prototypes for inter-bank payments, in an effort to encourage other financial institutions and central banks to experiment with the technology.

14 November 2017

Finextra TV/Innovation

Partnerships and learning key to keeping up

Alex Manson, Global Head of transaction banking, Standard Chartered Bank, talks at Sibos 2017 about disruptive innovation and AI, how AI can add value to a bank and enable it to better serve its clients, which new technologies are having a significant impact on the industry and what banks are doing to keep up with the changing landscape.

13 November 2017

Finextra TV/Innovation

From tepid revenue to a doubling in growth

Patricia Hines, Senior Analyst, Celent, and Simon Paris, Deputy CEO, Finastra, talk at Sibos 2017 about the recently launched research paper on Connected Corporate Banking and what its statistics on revenue pools tell us about revenue opportunities in corporate banking, what their advice is for banks hoping to take advantage of those pools and what risks banks face in failing to invest in new technology.

13 November 2017

Company update/Innovation

EU to launch blockchain study

The EU Commission is looking carefully at blockchain developments with the objective of setting the right conditions for an open, innovative, trustworthy, transparent, and EU law compliant data and transactional environment.

13 November 2017

Company update/Innovation

Singapore kicks off week-long fintech festival

Organised by the Monetary Authority of Singapore (MAS), in partnership with The Association of Banks in Singapore (ABS) and in collaboration with SingEx Holdings, the second edition of the Singapore FinTech Festival kicked off today.

13 November 2017

Finextra TV/Innovation

Consistent customer experience and common expectations

Steve Nogalo, VP and GM of Payments, NCR, talks about the different strategy solutions banks are using to deliver a consistent service to customers by becoming more digital, what advantage this has for their system infrastructure and what the implications are of open banking and PSD2.

13 November 2017

News/Innovation

Asean countries launch fintech network

National financial technology organisations from six Asean countries have banded together to form a network designed to foster collaboration and boost the region's position as a fintech hub.

13 November 2017

Finextra TV/Innovation

Sometimes it’s better to begin with a clean slate

Sophia Wikander, Head of Business Innovation, Transaction Banking, Nordea, talks at Sibos 2017 about what innovations corporate customers are looking for, how culture is a key component in this era of digital transformation and what examples there are where culture change has enhanced innovation.

10 November 2017

Finextra TV/Innovation

Entering an era of unleashed innovation

Tricia Balfe, Head of Services, XMLdation, talks at Sibos 2017 about how banks will need to allow access to account information to comply with PSD2, what they need to put in place to support the open banking ecosystem and what we can expect to see unleashed in terms of innovation.

10 November 2017

Finextra TV/Innovation

Breaking the rip and replace cycle

Nadeem Syed, CEO, Finastra, talks at Sibos 2017 about the challenges banks face today, how they can break the rip and replace cycle while they look for faster ROI and what is driving the gain in momentum towards open APIs.

09 November 2017

Company update/Innovation

DFSA grants innovation testing licence to Sarwa Digital Wealth

The Dubai Financial Services Authority (DFSA) today granted Sarwa Digital Wealth Limited (Sarwa), an automated investment advice service, in-principle approval for its Innovation Testing Licence (ITL).

09 November 2017

Finextra TV/Innovation

Data is the new oil

David Puth, Chief Executive Officer, CLS, talks at Sibos 2017 about the big picture trends shaping the foreign exchange market, what data and processing settlement challenges the market is facing, and the growing level of influence of blockchain and DLT.

09 November 2017

Finextra TV/Innovation

Empowering banks through fintechs

Jacob Tackmann Thomsen, CEO & Founder, INPAY, talks at Sibos 2017 about what is driving such close collaboration between banks and fintechs, the advantages of this, and what we can learn from industries that have been disrupted already.

09 November 2017