Innovation

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Infosys Finacle partners with ToneTag to offer sound-based contactless payments

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), today announced a partnership with ToneTag, a provider of near-field communications, payments and location based services using sound waves.

Finextra partners with top banks and vendors for Sibos debates

/Innovation

Finextra partners with top banks and vendors for Sibos debates

Finextra is partnering with leading banks and vendors to run a series of roundtable events covering corporate banking, trade and supply chain finance and winning strategies for fintech collaboration at the annual Sibos conference in Toronto in October.

/Innovation

Skills shortage impeding effectiveness of new tech in risk management

A new study by Accenture (NYSE: ACN) found that, while large financial institutions have made progress applying smart technologies like cloud, biometrics, and big data analytics to their risk management functions, two-thirds (66 percent) of executives say skills deficiencies are impeding the effectiveness of the function as these technologies evolve.

/Innovation

Swisscom sets up blockchain subsidiary

Blockchains are a new form of database. The technology initially acquired renown as the basis for virtual currencies such as bitcoin. Yet in the years to come, it will also revolutionise industry and administration.

/Innovation

FCA inks fintech pact with Hong Kong Insurance Authority

The Financial Conduct Authority (FCA) announces today that it has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) to enhance collaboration in supporting Fintech innovation.

/Innovation

Mobile money takes off in Europe - Visa research

Uptake of mobile devices to manage money, conduct banking and make payments is greater than ever, as 77% of Europeans now use their mobile devices to keep track of their finances and make everyday payments such as bills, parking and going out.

/Innovation

Financial regulators in Japan and Abu Dhabi seal fintech co-operation agreement

The Financial Services Agency of Japan (‘FSA’) and the Financial Services Regulatory Authority (‘FSRA’) of Abu Dhabi Global Market (‘ADGM’) today announced the completion of a framework for co-operation to promote innovation in financial services in Japan and ADGM.

AXA launches blockchain to cover late flight compensation

/Innovation

AXA launches blockchain to cover late flight compensation

AXA has launched a blockchain-based insurance product that automates the payment of late flight compensation for air passengers.

European Commission makes fintech a priority in supervisory shakeup

/Innovation

European Commission makes fintech a priority in supervisory shakeup

The European Commission is proposing to reform financial supervision across the EU with a renewed focus on new technology developments and the promotion of the emerging fintech sector.

/Innovation

Cyberport and HKMA lead fintech delegation to London

Hong Kong Cyberport (Cyberport) and the Hong Kong Monetary Authority (HKMA) bring the largest FinTech delegation to London from 19 to 21 September to expand partnership network for FinTech industry players between the two cities.

Sophia the humanoid gets UBS conference speaking gig

/Innovation

Sophia the humanoid gets UBS conference speaking gig

Bankers beware: not content with taking jobs in branches and IT centres, AI-powered robots are now coming after your conference speaking gigs.

/Innovation

RBS remedial package approved by European Commission

RBS has received confirmation that an alternative remedies package announced on 26 July 2017 (the “Alternative Remedies Package”), regarding the business previously described as Williams & Glyn, has now been formally approved by the European Commission (“EC”) in the form proposed.

/Innovation

Browsers on board for W3C Payment Request API

The World Wide Web Consortium (W3C) today called for broad implementation and testing of Web technologies to make online checkout easier for users and improve conversions and security for merchants.

/Innovation

Abu Dhabi Global Market shortlists 11 startups for fintech innovation challenge

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, in collaboration with KPMG, announced that 11 outstanding global FinTech firms have been shortlisted for the inaugural FinTech Abu Dhabi Innovation Challenge in October.

/Innovation

Alpha Payments Cloud rebrands as Alpha Fintech

Alpha Payments Cloud is unveiling its comprehensive rebranding and new corporate identity as Alpha Fintech.

Boerse Stuttgart launches digital ventures division

/Innovation

Boerse Stuttgart launches digital ventures division

German retail investment exchange Boerse Stuttgart has launched a new digital division to develop innovative business models for exchange trading and over-the-counter (OTC) trading in fungible products.

Nomura to spend $100 million on Silicon Valley innovation initiative

/Innovation

Nomura to spend $100 million on Silicon Valley innovation initiative

Japanese investment bank Nomura has set aside $100 million to invest in promising startups from a new innovation office in San Francisco.

DBS to deepen fintech talent pool with IDMA partnership

/Innovation

DBS to deepen fintech talent pool with IDMA partnership

DBS is furthering its aims of creating a digital workforce by partnering with Singapore's Infocomm Media Development Authority (IMDA) to create a fintech training programme for aspiring graduate recruits.

/Innovation

Detroit seeks fintech hub status

The Detroit Fintech Association (DetroitFinTech.org) today announced plans to cement Detroit as a hub for FinTech innovation and to grow the existing culture of technology-driven financial services through a campaign raising awareness of the incredible financial technology hub that is forming in the city.

/Innovation

94% of people in financial services suspect colleagues are bluffing about their fintech knowledge

A new study finds that so-called “FinTech experts” may not be as knowledgeable as they claim.

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