Latest Innovation News: Finextra Research

Digitalisation of the workforce

Mark Adams, Head of Human Resources, HSBC, and Georgina Jarratt, Head of Transformation, HSBC, talk at the SAP Financial Services Forum about the role of people in digital transformation, the cultural challenges we can expect for the future and the skillsets required to accompany new digital technology.

24 August 2017

News/Innovation

Commonwealth Bank takes quantum leap

Commonwealth Bank of Australia has joined Telstra, the Federal Government, the New South Wales Government and the University of New South Wales (UNSW) in an $83 million venture to found Australia’s first quantum computing company.

23 August 2017

News/Innovation

Digital identity, virtual cash and RegTech on Australian regulatory agenda

ATM access, digital identity and virtual currencies topped the agenda at the recent meeting of the Reserve Bank of Australia's powerful Payments Systems Board.

23 August 2017

Company update/Innovation

Wintermeyer steps down as CEO of Innovate Finance

After two and a half successful years leading Innovate Finance, the UK membership association for global FinTech, Lawrence Wintermeyer has stepped down as Chief Executive.

22 August 2017

News/Innovation

TD Ameritrade pairs AI with human support for Facebook Messenger service

US brokerage TD Ameritrade is to provide financial market updates, investor education and client account access to retail investors through Facebook Messenger.

22 August 2017

News/Innovation

China Citic and Baidu to rely on AI for joint venture bank

Internet search giant Baidu and China Citic Bank have received regulatory approval to launch a direct banking joint venture offering loans and deposit accounts to Chinese consumers.

22 August 2017

News/Innovation

Amazon, Facebook, Google et al pose bigger threat to banks than fintech startups - WEF

Large technology firms like Facebook, Amazon and Google are a bigger threat to banks than fintech startups says the World Economic Forum, in a report which dissects the evolving landscape for financial services.

22 August 2017

News/Innovation

Rabobank constructs physical model to understand IT architecture

Rabobank has built a 3D model of its own organisation and supporting IT systems to help visualise improvements that can be made as it embarks on its digital transformation programme.

22 August 2017

News/Innovation

CBA puts Chip CANdroid to work at Sydney Airport

Commonwealth Bank of Australia is putting its experimental humanoid robot Chip to work at Sydney Airport to assist Air New Zealand customers as they check in at the gate prior to boarding.

22 August 2017

News/Innovation

DBS to invest SG$20 million to create digital workforce

Singapore's DBS is to invest SG$20 million over five years on a new 'digital curriculum' to educate its 10,000 Singapore employees on disruptive trends and emerging technologies that are reshaping financial services.

22 August 2017

News/Innovation

Hyper Anna raises $16 million to address shortage of data scientists with virtual agent

Hyper Anna, a Sydney-based Australian start-up that provides financial services organisations with a virtual data scientist which is available at the touch of a button, has secured a $16 million series A funding round.

22 August 2017

Company update/Innovation

Compliance.ai launches Regulatory Heroes recruitment drive

Compliance.ai announces its search for Regulatory Heroes to assist as "Experts in the Loop" (EITL) for classifying and ranking regulatory documents on its AI-powered financial regulatory platform.

18 August 2017

Company update/Innovation

POSB rolls out wearable smartwatch tech to 6000 primary school children

POSB today celebrates the official launch of a global first – the POSB Smart Buddy programme – in 19 primary schools.

17 August 2017

News/Innovation

RBS to bring Silicon Valley to Edinburgh

Royal Bank of Scotland is inviting tech entrepreneurs from across the world to its Edinburgh HQ to discuss the latest trends in technology and mingle with local fintech entrepreneurs, customers and bank staff at an event dubbed Disrupt 17.

17 August 2017

Company update/Innovation

Spanish blockchain experts warn of dangerous bubble in ICO funding

Blockchain: the fever of the ICOs must be brought down. This form of funding, which allows small business to reach millions via blockchain and cryptocurrencies, is facing a dangerous bubble driven by speculation.

16 August 2017

Company update/Innovation

Australian FinTech opens fintech jobs platform

The team behind the highly successful Australian FinTech website have soft-launched their FinTech employment marketplace platform, Australian FinTech Jobs.

16 August 2017

Company update/Innovation

IBM signs blockchain shipping and supply chain deal with Pacific International Lines

Pacific International Lines (Pte) Ltd (“PIL”), PSA International Pte Ltd (“PSA”) and IBM Singapore Pte Ltd (“IBM”), signed a Memorandum of Understanding (MOU) today to explore and trial proof of concept (POC) blockchain-based supply chain business network innovations.

16 August 2017

News/Innovation

Norwegian banks and startups form fintech cluster

More than 20 banks and tech companies in Bergen have aligned to create a fintech hub to push a global innovation agenda amid growing collaboration between banks and startups in Norway.

15 August 2017

News/Innovation

Westpac launches Tech University to re-skill workforce

Westpac is preparing for a revolution in IT working practices by cutting out traditional hierarchies and re-equipping its workforce with the skills to survive and thrive in a digitally disruptive world.

15 August 2017

Company update/Innovation

Simmons and Simmons wins Fintech Hive legal gig

International law firm Simmons & Simmons will be a legal partner to FinTech Hive at Dubai International Financial Centre Authority (DIFC), the first-of-its-kind accelerator in the Middle East, Africa and South Asia (MEASA) region.

14 August 2017