Innovation

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/Innovation

Australian and Swiss watchdogs ink fintech pact

On 18 October 2017, the Australian Securities and Investments Commission (ASIC) and the Swiss Financial Markets Authority (FINMA) entered a new agreement to cooperate on innovation in the financial sector.

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UBS says 1,000 jobs Brexit exodus is "unlikely"

Swiss bank UBS has said that a migration of more than 1,000 jobs from London as a result of Brexit is "more and more unlikely" after receiving "regulatory and political clarifications".

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The overriding notion of connected commerce

Andy Mattes, CEO, Diebold Nixdorf, talks about how digital transformation is changing the banking industry faster than ever before with banks having to service their clients both physically and digitally, what the major trends are at play here and whether there is still a need for cash in modern societies.

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Hong Kong fintech association partners with Singaporean, Swiss and Taiwanese hubs

The FinTech Association of Hong Kong (FTAHK) has signed three separate Memoranda of Understanding with the Singapore FinTech Association, the Swiss Finance + Technology Association and the Taiwan FinTech Industry Development Association.

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Nordea to cut 6000 jobs as digital transformation progresses

Nordea is to cut 6000 jobs as it continues the task of preparing the bank for a digital future.

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Forget fintechs, banks need to worry about Alibaba and Amazon

Banks may have seen off the challenge from fintech startups but they now face the far bigger threat of platform giants such as Amazon and Alibaba eating into their margins, warns a new report from consultancy McKinsey.

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ABN Amro discontinues Gradefix innovation initiative

Last year ABN AMRO started an innovation initiative called Gradefix, a service used for making analyses and risk assessments of clients.

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Hong Kong and Singapore joins forces on blockchain trade finance platform

Hong Kong and Singapore have dumped decades-old rivalry for trade flows in South East Asia and signed a fintech co-operation deal to foster the development of innovative financial technology across the region, beginning with a cross-border linkage of DLT-based trade finance platforms.

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Fintechs must broaden their customer value propositions

Victor Basta, Founder and Managing Partner, Magister Advisors, talks at Sibos 2017 about why fintechs need to broaden their customer propositions, what risks this presents to incumbents and how they are currently managing this, and what the current funding landscape for fintechs looks like.

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A digital future is the key to empowerment of clients.

Satvinder Singh, Global Head of Securities Services at Deutsche Bank talks about digitalisation in securities, how the securities market will evolve through the use of digital services and the beneficial impact and value this creates for clients.

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The era of putting band aids on legacy systems is over

Mack Gill, COO, Torstone Technology, talks at Sibos 2017 about MiFID II, what it means for the market, its specific post-trade obligations, and what penalties for non-compliance could look like.

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Oval Money links savings with social media activity on Facebook

Oval Money, a leading savings and financial education app, is launching a first-ofits-kind integration with Facebook, allowing users to contribute to their savings each time they post on social media.

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Why the modernisation of market infrastructure transforms the future.

Isabel Schmidt, Head of Cash & Clearing Products Americas in Cash Management at Deutsche Bank talks about the push to modernise financial market infrastructures and why this is happening. How it drives considerable change and disrupts traditional models, what the effect of this is and why it is essential to meet customer needs and improve current inefficiencies.

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Capital One: What we learned about what our chatbot learned

Ken Dodelin, vice president and head of conversational AI products at Capital One reflects on the learnings from a six-month pilot trial of the company's new conversational chatbot Eno, as the interface is rolled out commercially to all customers.

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Hong Kong: Ripe for new ideas from around the world

Stephen Phillips, Director-General of Invest Hong Kong, talks about why Hong Kong holds the its position as a global financial technology hub, and what the driving forces behind this are by outlining some of the major developments it has achieved and what the its future plans for growth as a fintech centre are.

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Hong Kong: A major fintech hub in the making

Thorsten Terweiden, Deputy Head of Fintech, Invest Hong Kong, and Dora Ziambra, Head of Business Development, Azimo, talk about how InvestHK has helped Azimo to flourish as a new fintech, future plans for developing in Hong Kong and what general advice they would give to future fintechs looking to start up in Hong Kong.

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Fintech startup Trezeo wins NDRC Investor Day, in partnership with Bank of Ireland

A highly innovative digital startup Trezeo is the winner of NDRC Investor Day Autumn 2017, securing €30,000 in follow-on investment from the country’s most successful digital accelerator and early stage investor.

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New technologies, new solutions and new thinking is the way to overcome regulatory challenges.

Patricia Giangrande, Global Head of Business Control Unit, Global Transaction Banking, Deutsche Bank talks about the challenges of meeting the regulatory demands of compliance. How compliance impacts correspondent banking and the opportunities for industry shared solutions to solve the issues, acknowledging that new technologies such as blockchain and artificial intelligence have a role to play in this.

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The transformation of global trade-the challenges, the opportunities and the solutions.

Dr Rebecca Harding, Trade Economist, Equant Analytics and Daniel Schmand, Global Head of Trade Finance, Deutsche Bank share their views on the fall in world trade, what it means for cross-border trade and how it is financed. Looking at the shifts in the way business is done today and how digitalisation, blockchain and manufacturing as a service will evolve, and the impact it all has on the future of this business.

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Mastercard showcases augmented reality shopping

Mastercard and Qualcomm are showcasing an augmented reality shopping experience using smart shopping glasses and iris authentication to make payments.