Innovation

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/Innovation

Australia and Malaysia build fintech bridge

Securities Commission Malaysia (SC) yesterday entered into an Innovation Cooperation Agreement with the Australian Securities and Investments Commission (ASIC) to further promote innovation in financial services in their respective markets.

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HSBC hires Biggs to lead business model innovation

HSBC has hired femtech heavyweight Diana Biggs as head of business model innovation for UK and Europe.

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Luxembourg and Singapore fintech hubs connect

The LHoFT, Luxembourg House of Financial Technology, and LATTICE80, the world’s largest Fintech Hub located in Singapore, are excited to have signed a Memorandum of Understanding (“MOU”) at Money 2020 Europe, setting a foundation for collaboration between the two centres.

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Hong Kong gets its own Fintech Association

The FinTech Association of Hong Kong was officially launched last night to champion an open, inclusive and diverse FinTech community in Hong Kong.

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Singapore to let banks move into e-commerce

Singapore is changing its regulations to make it easier for banks to move into non-financial but complementary business areas such as e-commerce.

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Kompas scoops €50,000 as winner of Visa Everywhere initiative

Visa Inc. (NYSE: V) today announced the winners of its first European Everywhere Initiative programme, awarding a total of €100,000 to three start-ups for their successful proposals in three categories, and the opportunity work with Visa APIs in conjunction with executive mentors and technologists.

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Digital change raising the bar for lenders, says CML research

Digital change is radically altering consumer expectations in the mortgage market and “raising the bar for what borrowers expect from their home buying and owning experience,” according to research published today by the CML.

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Plaid issues request for fintech startups

The past five years have brought significant excitement to financial services.

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Payscout debuts VR commerce

US processor Payscout has released an app which enables users to make payments for physical products in virtual reality via Google's Cardboard view finder.

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Swiss blockchain startup to raise funds for crypto wallet

Twenty Thirty, a Swiss blockchain innovation company, today announces the Pillar project, which will raise money through a Token Sale on Saturday July 15 2017 to create the next-generation wallet that will hold all your assets and become your personal digital assistant powering all your devices.

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Nomura Asset Management trials AI for investment decision making

Japan's Nomura Asset Management (NAM) has tapped artificial intelligence (AI) to quantitatively assess text from news websites and blogs, using the results to help portfolio managers make investment decisions.

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Consumer uptake of fintech services surges - EY

Consumer uptake of innovative fintech products is set to be embraced by the mainstream as adoption levels surge among digitally-savvy consumers, according to a study by Ernst & Young.

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Mastercard eyes opportunities to profit from sharing economy

Seeking to profit from a booming sharing economy, Mastercard has identified trust, experience and regulation as vital to unlocking the potential of the new commerce models that are emerging.

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Fintech Sandbox expands to Canada

Today Ontario Centres of Excellence (OCE) and Boston-based FinTech Sandbox, signed an historic memorandum of understanding (MOU) to collaborate and expand the FinTech Sandbox model into Canada, starting in Ontario.

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BBVA trains 1000 'ambassadors of design'

BBVA is promising to put design and user experience (UX) at the centre of its digital strategy by training up 1000 staff 'ambassadors' to spread good practice throughout the Spanish bank's operations.

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ABN Amro tests wearable tech for contactless payments

ABN Amro is undertaking tests of wearable technology to make contactless payments, with the aim of rolling out its first card-free tap-and-pay product to customers by the end of the year.

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Innovate Finance publishes RegTech for regulators report

Innovate Finance’s Transatlantic Policy Working Group (TPWG) and Strategic Partner Hogan Lovells, today launched a report titled Future of RegTech for Regulators, Adopting a Holistic Approach for the Digital Era Regulator.

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Citi names Tech for Integrity Challenge winners in Hyderabad

Citi announced the award recipients of Tech for Integrity (T4I) Challenge in India.

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AI could increase corporate profitability by 38% - Accenture

Businesses that successfully apply artificial intelligence (AI) could increase profitability by an average of 38 percent by 2035, according to a new report from Accenture (NYSE: ACN).

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Japan and Australia ink fintech co-operation agreement

The Japan Financial Services Agency ('JFSA') and Australian Securities and Investments Commission ('ASIC') today announced the completion of a framework for co-operation to promote innovation in financial services in Japan and Australia.