Latest Innovation News: Finextra Research

Data is the new oil

Falk Rieker, Global Vice President, Global IBU Head for Banking, SAP, and Dr Sascha Maric, President of IFB Group Americas, talk at the SAP Financial Services Forum about the need for financial institutions to become expert at analysing and exploiting their data to be successful in the digital economy – and how to overcome the challenge of data silos by putting in place a tiered architecture.

12 July 2017

Finextra TV/Innovation

AI in the future

Johan Gerber, Executive Vice President, Security & Decision Products, Mastercard, talks at M20/20 about the future of AI for financial services, how it can change the way providers interact with their customers and make decisions, the associated risks and the likely future for prescriptive analytics.

12 July 2017

Finextra TV/Innovation

Going digital without leaving people behind

Chris Dunne, Market Development Director, VocaLink, talks about how to negotiate the ‘fuzzy zone’ between PSD2 coming into force and the regulatory technical standards being published, the impact on the UK market of the PSF agenda, and the challenges for established banks of managing the migration to digital while some customers still prefer analogue. Chris Dunne, Market Development Director, VocaLink, talks about how to negotiate the ‘fuzzy zone’ between PSD2 coming into force and the regulatory technical standards being published, the impact on the UK market of the PSF agenda, and the challenges for established banks of managing the migration to digital while some customers still prefer analogue.

12 July 2017

Company update/Innovation

High street banks face growing threat from technology giants, warns new study

GAFA (Google, Apple, Facebook and Amazon) companies could pose a significantly greater threat to traditional retail banks than existing ‘challenger’ banks and fintech start-ups, according to new research.

12 July 2017

Company update/Innovation

Australian Payments Council to run two-day hackathon

The Australian Payments Council, which counts the country’s largest financial institutions among its members, will host a data sharing hackathon between 11th and 13th August 2017 in two locations: Stone & Chalk in Sydney and Cognizant’s Collaboratory in Melbourne.

12 July 2017

News/Innovation

Santander InnoVentures steps up fintech spending

Santander InnoVentures, the venture capital fund of Santander Group, is moving ever deeper into the fintech ecosystem with strategic investments in the UK startups Pixoneye and Curve and US based Gridspace.

12 July 2017

News/Innovation

Seismic Foundry sizes up fintech startups in capital markets

Co-founded by five seasoned veterans of the capital markets space, Seismic Foundry is jumping aboard the fintech funding train, capitalising on tax-efficient Seed Enterprise Investment Schemes (SEIS) and EIS to attract investment capital for promising fledgeling startups.

12 July 2017

Finextra TV/Innovation

Avoid tactical band-aids and move strategically

Robert Browning, UK Country Head and Leader, Product Management, and Gene Neyer, Head of Industry and Regulatory Product Management, Global Payment Solutions, Finastra (formerly D+H), share their insights from EBAday in Dublin, highlighting the challenge banks face in knowing they need to invest more in technology to deliver value and compete, while being constrained by regulatory spend, and emphasising the importance of capitalising on the opportunities today’s payments change creates to build for the future.

11 July 2017

Finextra TV/Innovation

AI opens up completely new domains

Arnab Chakraborty, Managing Director and Analytics Business Lead, Accenture Analytics, talks at the SAP Financial Services Forum about why AI and machine learning are generating so much interest right now, and outlines the three key areas of impact – intelligent automation, aiding human decision-making and creating new business opportunities.

11 July 2017

Company update/Innovation

Thailand and Singapore build fintech bridge

The Bank of Thailand (BOT) and the Monetary Authority of Singapore (MAS) today signed a FinTech Cooperation Agreement (CA) and updated an existing Memorandum of Understanding (MOU) on Banking Supervision.

11 July 2017

Finextra TV/Innovation

More to do to make innovation industrial strength

Stefan Dierckx, Co-founder, The Glue, talks about the next steps for digitalisation in financial services and the evolving relationship between banks and fintechs.

11 July 2017

News/Innovation

BofE says Ripple PoC reinforces desire for DLT compatibility

The Bank of England says that a distributed ledger technology proof-of-concept with Ripple has reinforced its intention to make a new real-time gross settlement (RTGS) platform compatible with DLT usage in the private sector.

10 July 2017

Finextra TV/Innovation

Avoiding the valley of death

John Chaplin, Chairman, Global Payments Innovation Jury, shares the key findings of this year’s jury (70 CEOs from 37 countries), highlighting the danger time for new market entrants as they struggle to secure funding at the middle stage of their growth, and revealing the jury’s pick for most over-hyped innovation in 2017…

10 July 2017

Finextra TV/Innovation

Digital Identity needs to be focused on

Paul Briault, Digital Security, Identity and API Management Director at CA Technologies, talks about the advantages of and barriers to digital identity in banking, and the opportunity to bring simplicity to consumers and banks.

10 July 2017

Company update/Innovation

Swiss Federal Council puts new fintech rules into force

During its meeting on 5 July 2017, the Federal Council adopted an amendment of the Banking Ordinance.

10 July 2017

Finextra TV/Innovation

Mastering trust services can be banks’ trump card

Carmine Auletta, Chief Innovation Officer, InfoCert, talks about the role of trust service providers in enabling regulation, supporting digital transformation and unlocking innovation.

10 July 2017

Finextra TV/Innovation

Digital and cultural change will drive innovation

David Watson, Chief Digital Officer and Head of Corporate Cash Management Americas in Deutsche Bank’s Global Transaction Banking talks about digital transformation in banking and how it drives innovation. How working with the fintech community and partnering with others will be the way banks innovate and develop future products and services. But this requires a cultural as well as organisation change and banks should be prepared to embrace this.

07 July 2017

Finextra TV/Innovation

Balancing SCA with customer experience

Jason Lane, Executive Vice President, Market Development Europe, Mastercard, discusses how to manage the requirement to reduce fraud, protect consumers and comply with PSD2’s strong customer authentication (SCA) provision, alongside the need to deliver frictionless payment experiences to customers.

07 July 2017

Finextra TV/Innovation

Are financial services ready for biometrics?

Bob Reany, Executive Vice President, Identity Solutions, Mastercard, talks about why – though passwords don’t work for either consumers or banks – more needs to be done to make biometrics truly fit for purpose in financial services, and outlines the need for frameworks around performance, usability, interoperability, security and privacy to underpin future biometric developments.

07 July 2017

News/Innovation

Nordea to deploy AI to speed up customer service

Nordea is to introduce artificial intelligence technology to analyse customer text queries and forward the correspondence to the right department.

07 July 2017