Innovation

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Sydney set to challenge Singapore as global fintech hub

/Innovation

Sydney set to challenge Singapore as global fintech hub

The Committee for Sydney, an independent think tank championing the Australian city's potential as an economic hub, is calling for fresh impetus from the NSW Government to boost the fintech ecosystem.

Banks still in piloting stage for machine learning

/Innovation

Banks still in piloting stage for machine learning

Moritz Zimmermann, Co-Founder Hybris and Senior Vice President Pre-Sales SAP Hybris, talks at the SAP Financial Services Forum about both the potential of machine learning in areas where there is data and customer engagement, and the barriers banks can expect when leveraging it due to regulation and top non-bank competitors dominating the talent pool.

Positive outlook for instant payments drives IT spend at EU banks

/Innovation

Positive outlook for instant payments drives IT spend at EU banks

Sixty-two percent of European financial institutions expect to increase spending on payments technology throughout 2017, driven by the revenue-generating opportunities of instant payments and the need for increased operational efficiency.

Digital boom era for small businesses

/Innovation

Digital boom era for small businesses

Gary Turner, UK Co-Founder and Managing Director, Xero Limited, talks at the SAP Financial Services Forum about how small businesses that once struggled to compete with large organisations now have the upper hand due to being more adaptable to new digital technologies - and because of increased accessibility to modern cloud tools and mobile.

Digital sales reach record high at BBVA

/Innovation

Digital sales reach record high at BBVA

Spanish bank BBVA is reporting nearly a million product sales through purely digital channels in June.

Hong Kong banks back fintech career accelerator scheme

/Innovation

Hong Kong banks back fintech career accelerator scheme

Hong Kong's banks have banded together to sniff out the island's top emerging financial technology talent, inviting more than 70 students to sign on to lengthy fintech internships.

RBS to spend £885 million on promoting new entrants to resolve state aid obligations

/Innovation

RBS to spend £885 million on promoting new entrants to resolve state aid obligations

Royal Bank of Scotland is in line to spend a maximum of £885 million on funding fintech startups and challenger banks under a compromise agreement between the European Commission and the UK Government over the bank's state aid bail-out.

Banks need to differentiate through data

/Innovation

Banks need to differentiate through data

Gerald Grattoni, Head of EMEA Financial Services Solutions, Intel, and Andy Hirst, VP, Banking Solutions, SAP, talk at the SAP Financial Services Forum about the drivers for banks and insurers to exploit data and analytics, how cheap storage and real-time tools are making data more accessible, the best use cases for machine learning to automate repetitive processes, and how firms must manage challenges around governance and data integrity, while finding the right balance in AI deployment out to customers.

/Innovation

Raiffeisenbank Straubing opens digtial experience centre

With the grand opening of its new “Digital Experience Center”, Raiffeisenbank Straubing eG takes an active step toward shaping the digital future in banking with NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions.

Deep personalisation… and instant gratification

/Innovation

Deep personalisation… and instant gratification

Kevin Hanley, Director of Innovation, RBS, talks at the SAP Financial Services Forum about what happens when we respond in a linear fashion to technology that is developing exponentially, how customers want it all and they want it now, and what it means that traditional industry boundaries are becoming blurred.

/Innovation

Zeta transforms company ID card into payment tag

Zeta, India’s most revolutionary digital employee benefit solutions provider, has launched Zeta Super ID - a unique payment solution that uses an employee’s existing company ID card to make payments.

Overstock's Medici Ventures takes stake in Symbiont

/Innovation

Overstock's Medici Ventures takes stake in Symbiont

Medici Ventures, the blockchain roll-up platform of e-commerce retailer Overstock, has made an undisclosed investment in Symbiont.

/Innovation

Global VC fintech investment attracts $6.5 Billion in H1 2017

Global VC investment for FinTech in H1 2017 attracted $6.5 billion of VC investment with 787 deals, a 45% decrease year on year, according to statistics compiled through Pitchbook by Innovate Finance, the not-for-profit membership association for global FinTech.

/Innovation

ADGM and Asic form fintech bridge

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Australian Securities and Investments Commission (ASIC) have strengthened their FinTech collaboration with an official strategic partnership to further advance developments and initiatives that nurture Fintech entrepreneurship and support innovation in financial services in Abu Dhabi and Australia.

It’s die or digitise

/Innovation

It’s die or digitise

Rahul Modi, Managing Director, Adarsh Credit Co-operative Society, talks at the SAP Financial Services Forum about the impact of technology on financial technology, the move to service level architectures, the noise around AI, and the success of the credit society in deploying a mobile money app in India.

Santander looks to smooth fintech integration with BiBox

/Innovation

Santander looks to smooth fintech integration with BiBox

Santander Global Corporate Banking has turned to UK startup BiBox to help it more quickly and easily integrate technology from fintech startups.

/Innovation

American Express integrates with bitcoin wallet Abra

Today, we are excited to let you know that we are releasing a new feature that will let Abra customers fund their Abra wallet using an eligible American Express Card. (Eligible Cards are American Express U.S. Consumer Cards, American Express-branded Cards issued by third parties and American Express reloadable prepaid Cards.)

Open innovation critical in payments

/Innovation

Open innovation critical in payments

Sébastien Slim, Head of Marketing and Innovation, HPS, talks at the HPS PowerCard Users Meeting 2017 in Marrakesh about the latest approaches in innovation, the most important technologies on which to focus – including tokenisation – and how financial institutions can stay ahead.

The future of finance is open

/Innovation

The future of finance is open

Simon Paris, Deputy CEO, Finastra, talks about the impact of open banking on retail and corporate customers and how to leverage platform-as-a-service to empower innovation.

US firm to implant employees with RFID chips

/Innovation

US firm to implant employees with RFID chips

An American company is inviting employees to get RFID chips that can be used to buy food in the office break room implanted in their hands.

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