Latest Innovation News: Finextra Research

Singapore and Denmark sign fintech pact

The Monetary Authority of Singapore (MAS) and the Danish Financial Supervisory Authority (Danish FSA) yesterday signed a FinTech Co-operation Agreement which aims to help FinTech companies in Singapore and Denmark to expand into each other’s markets.

29 June 2017

News/Innovation

NatWest pilots AI technology to flag compliance fails in sales conversations

NatWest is trialling the use of artificial intelligence technology from a company set up by a former FSA regulator to monitor and analyse the context of sales conversations recorded between clients and front-life staff.

29 June 2017

Company update/Innovation

International RegTech Association formed

Incorporated in Switzerland on May 16, 2017, the non-profit International RegTech Association (IRTA) is a united community of individuals and organizations, with a shared vision to innovate, advance, and influence the future of Regulatory Technology (RegTech).

29 June 2017

News/Innovation

Nova joins the robot revolution at Nordea

Nordea Life and Pensions in Norway has welcomed its latest recruit, Nova, an AI-based chatbot that has been trained to respond to customer questions relating to pension and insurance in Norwegian.

29 June 2017

News/Innovation

Santander poaches Intuit veteran to push digital agenda

Banco Santander has appointed a nine-year veteran of US financial software house Intuit as chief digital and innovation officer.

28 June 2017

News/Innovation

Providing knowledge and access to networks is the future of banking - Rabobank CEO

Rabobank chairman of the executive board Wiebe Draijer has given an insight into his vision for the future of banking in the fintech age, arguing that providing knowledge and access to networks, not products, will be what drives his industry.

28 June 2017

News/Innovation

Nets experiments with finger payments at Idea Lab

Nordic payments processor Nets is working with UK biometric company Sthaler to trial the use of finger vein recognition technology to authenticate users at the point-of-sale.

28 June 2017

News/Innovation

InvestCloud to open London fintech incubator

California-based InvestCloud is opening a fintech incubator and accelerator in London, inviting firms to take advantage of its platform in developing digital wealth management tools.

28 June 2017

Finextra TV/Innovation

Real-time more than just a new rail

Robert Browning, UK Country Head and Leader, Product Management, Finastra (formerly D+H), talks about the technical challenges for banks of moving to instant payments, and the opportunities to build a business case by looking beyond retail into the B2B space.

28 June 2017

Finextra TV/Innovation

Instant payments will overtake card payments

Richard Dear, Business Development Director, Icon Solutions, discusses at EBAday in Dublin, the effect PSD2 will have on the European retail payments landscape when combined with the impact of instant payments - and how PSD2 and instant payments will underpin the API economy and enable innovation in the payments market.

28 June 2017

Finextra TV/Innovation

Fintech partnerships can transform banks’ innovation

Ciarán Coyle, Chief Administrative Officer, Ulster Bank, talks about the evolution of bank-fintech collaboration, and how banks can leverage fintechs and regulation to become platform providers and ensure the winners from PSD2 are the customers.

28 June 2017

Finextra TV/Innovation

Understanding the critical path to IFRS 17

Tamsin Abbey, EMEA IFRS Life Actuarial Lead Partner, Deloitte, discusses how insurers’ accounts will look different under IFRS 17, and how the increased transparency, consistency and clarity will aid the market’s understanding of insurers’ financial performances.

28 June 2017

Company update/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.

28 June 2017

News/Innovation

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.

28 June 2017

Company update/Innovation

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.

28 June 2017

Company update/Innovation

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.

28 June 2017

News/Innovation

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.

28 June 2017

Company update/Innovation

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.

27 June 2017

Company update/Innovation

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.

27 June 2017

Company update/Innovation

Plaid issues request for fintech startups

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

27 June 2017