Latest Innovation News: Finextra Research

High-tech and high-touch the sweet spot for banking

Suvo Sarkar, Senior Executive Vice President & Group Head – Retail Banking & Wealth Management, Emirates NBD, talks at the SAP Financial Services Forum about how banks can compete successfully if they pick up the pace of innovation, the need to rewire the back end to keep up with front end innovation, the future of robots in financial services, and how in the world of digital, analogue can be the biggest differentiator.

19 July 2017

Finextra TV/Innovation

Insurers must digitalise – or become obsolete

Martin Dietz, Member of the Global Board, ConVista Consulting, and Robert Cummings, VP, Global Head of IBU Insurance at SAP, talk at the SAP Financial Services Forum about the impact of digitalisation on insurance, its evolution from a product to a customer centric business, and the cost and competitive challenges created for incumbent insurers by their legacy systems.

19 July 2017

News/Innovation

OCBC Bank's Open Vault paves the way for startup pilots

Singapore's OCBC Bank has partnered with two graduates from its startup accelerator programme to apply artificial intelligence technology to counter money laundering.

19 July 2017

Company update/Innovation

Austrade and Commbank co-operate to envourage innovation exchange between Hong Kong and Australia

Australian Trade and Investment Commission (Austrade) and Commonwealth Bank of Australia (CBA) to cooperate in supporting the flow of innovation between Australia and Hong Kong/Greater China.

19 July 2017

News/Innovation

Twenty firms to compete for £5 million Open API prize

UK innovation agency Nesta has handpicked twenty organisations selected to receive a slice of a £5 million prize fund to inspire the creation of new products and services using Open Banking APIs.

19 July 2017

News/Innovation

Borsa Italiana partners IBM on securities data blockchain system for SMEs

London Stock Exchange-owned Borsa Italiana and IBM are using blockchain technology to digitise the issuance of securities for SMEs in Europe.

19 July 2017

Company update/Innovation

Pillar Token sale raises $21 million for personal data locker

The 60-hour Pillar Token sale, (which closed at about 9:00 PM UK-time on Monday July 17) run by Twenty Thirty), the Swiss blockchain innovation company, has raised 113,674 Ether, valued at $21.21 million with 13,446 transactions, making the average transaction 8.45 Ether (about $1,500).

18 July 2017

Finextra TV/Innovation

Disruption is coming… but we don’t know where from

Michael Leadbetter, Adjunct Faculty, Singularity University, talks at the SAP Financial Services Forum about exponential technologies, the opportunities – and challenges – they bring to financial services, and the need for education within the industry about how to leverage them, to prepare for the disruption that could come from a number of sources, including the GAFAs.

18 July 2017

News/Innovation

The next round of bank transformation projects should be 'bionic'

Banks that pull off the trick of augmenting human interactions with smart digital tools can expect to generate increased revenue while cutting costs significantly, according to a new study of global banking markets by the Boston Consulting Group.

17 July 2017

Company update/Innovation

Oz Forensics, Scorista and talkbank win Innotribe’s 2017 Startup Challenge for Russia

Innotribe’s Startup Challenge attendees selected the three most promising Russian FinTech companies during its first ever showcase in the region.

17 July 2017

Finextra TV/Innovation

Towards a payments platform that exploits cognitive

Paul Hanily, Global Payments Offering Management Leader, and Gene Villeneuve, European WFS Fraud & Payments Sales Leader, IBM Watson Financial Services, talk about the potential for banks to reuse infrastructure to accelerate – and minimise the cost of – instant payments implementations, and the application of machine learning for real-time fraud detection and enable banks to deliver value-added services to their customers.

17 July 2017

News/Innovation

Credit Suisse promises 15-minute online sign-up for new clients

Credit Suisse is offering a four-step digital onboarding service for new clients, promising a paperless, 15-minute sign-up process.

17 July 2017

Finextra TV/Innovation

Building a jumbo jet while flying it

Joe van Niekerk, Chief Information Officer, Discovery Vitality, talks at the SAP Financial Services Forum about shared value insurance, the future of wearables and Discovery’s approach to innovation.

17 July 2017

Company update/Innovation

Westpac opens $40,000 innovation challenge for professional services sector

Those with a bold vision or bright idea for the future of the professional services sector are invited to enter the prestigious annual Westpac Innovation Challenge, for the chance to win AU$40,000 and professional support to take their idea to the next level.

17 July 2017

News/Innovation

German fintech factory FinLeap raises EUR39 million

FinLeap, the startup platform behind Germany's solarisBank, has secured EUR39 million in equity capital to support its ongoing fintech incubation programme.

17 July 2017

Finextra TV/Innovation

The next generation of virtual accounts

Jennifer Doherty, Global Head of Commercialisation, Liquidity & Investment Products, HSBC, outlines the drivers for increased use of virtual accounts, and explores the benefits they bring to both banks and corporates in a changing liquidity landscape.

14 July 2017

News/Innovation

Sumitomo Mitsui teams up with NYC accelerator

Japan's Sumitomo Mitsui Banking Corporation is looking to tap into America's startup scene through a partnership with New York-based Entrepreneurs Roundtable Accelerator (ERA).

13 July 2017

Finextra TV/Innovation

Blockchain drives up trust in business networks

John McLean, VP Blockchain Labs Services, IBM, talks about how close blockchain is to going mainstream in financial services, and how it can be deployed to transform complex, friction-heavy processes to deliver transparency and efficiency.

13 July 2017

Finextra TV/Innovation

For real-time, think business value, not business case

Conny Dorrestijn, VP Global Payments Marketing, FIS, and Marijke Koninckx, Product Marketing Manager, Instant & Open, FIS, talk about the findings of the 2017 edition of Flavors of Fast, FIS’ annual review of the real-time payments landscape, highlighting the growing linkage between open API and instant payments, the increasing focus on SME and corporate needs and the requirement to lift real-time payments to the ‘third dimension’.

13 July 2017

Finextra TV/Innovation

Testing can be a bottleneck to innovation

Anthony Walton, Chief Executive Officer, Iliad Solutions, talks about how the evolution of complex payments systems creates challenges for testing, the impact of DevOps and Agile, and the role of platform-based approaches in helping to alleviate these challenges and bring testing up to speed with the pace of change in payments.

13 July 2017