Innovation

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/Innovation

Ageas to use AI for claims handling

Ageas is set to be the first UK insurer to use Artificial Intelligence (AI) technology across its award-winning motor claims management, working in partnership with Tractable, the AI technology specialists.

/Innovation

CFTC sets up fintech office

The US Commodity Futures Trading Commission (CFTC) is setting up a fintech Lab that will work with startups to drag the agency into the digital age.

/Innovation

Time for data-driven banking to come of age

Standard Chartered group chief information officer, Dr Michael Gorriz says that banks need to develop new strategies for how to harness their data assets to spur growth.

/Innovation

Payments Canada names FinTech Cup finalists

The Payments Canada Summit will again play host to a competition between some of Canada’s most innovative FinTech, PayTech, AI and RegTech startups.

/Innovation

Two startups join Wells Fargo accelerator

Wells Fargo (NYSE:WFC) announced today that it has selected two new companies – ProxToMe and Uniken – to join the Wells Fargo Startup Accelerator.

/Innovation

SocGen to run internal hackathon with Open Bank Project

The Open Bank Project, leading API solution for banks, has partnered with Societe Generale Group, one of the largest European financial services groups, to hold an internal hackathon focused on Open Banking.

/Innovation

DrnkPay app blocks credit cards if you've had too much to drink

A new mobile app is promising to help users avoid drunken late night impulse spending by linking credit and debit cards to a breathalyser and, if too much has been imbibed, barring certain purchases.

/Innovation

European banks lobby Commission to push ahead with screen scraping ban

European banks say that privacy of client data, cybersecurity and innovation are at risk should the European Commission bow to the demands of fintech firms and backtrack on plans to ban screen-scraping under the revised Payment Services Directive, PSD2.

/Innovation

Citi appoints Gulru Atak Dublin innovation head

US bank Citi has appointed Gulru Atak, an executive at its Turkey business, as head of its innovation lab in Dublin.

/Innovation

Lloyds Bank Group hosts digital salon in North West

Lloyds Banking Group and Digital Leaders will today join forces to host a digital salon in Manchester, focused on tackling the challenge of improving digital skills across the region.

/Innovation

Singapore Fintech Festival to return this year

The Monetary Authority of Singapore (MAS) today announced the second edition of the Singapore FinTech Festival, to be held in Singapore from 13 to 17 November 2017.

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Abu Dhabi Global Markets admits first batch of RegTech applicants

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is pleased to approve its first batch of FinTech Regulatory Laboratory (Reglab) participants comprising 5 local and international FinTech startups with various innovation offerings.

/Innovation

UK consumers ready to swap banks for tech giants

Nearly a third of UK consumers would consider using Amazon, Google, Facebook or Apple for banking services, while 48% would be happy for banks to share their transaction data with trusted third parties if it gave them a more personalised experience.

/Innovation

Strengthening Toronto fintech ecosystem should be top priority - report

Toronto has the potential to be a strong fintech hub but, without a clear strategy and private and government support, the Canadian city could also see its position in the global pecking order slide, suggests a new report written by Accenture and McMillan.

/Innovation

China central bank sets up fintech committee

The People's Bank of China has set up a committee that will investigate the impact of fintech on monetary policy and financial markets as well as how big data and AI can be used for regulatory oversight.

/Innovation

EBAday 2017: Towards full payments digitalisation

A host of board directors, chief financial officers and payments and technology heads from Europe's leading banks have confirmed their participation in the conference programme for the twelfth annual EBAday, taking place this year in Dublin between the 20th and 21st June.

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CIBC opens Waterloo data lab

The Canadian Imperial Bank of Commerce (CIBC) is backing a new data hub in the city of Waterloo, posting a team of data scientists at the spot to work with local students and fintech startups.

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FCA signs fintech co-operation agreement with Hong Kong Securities and Futures Commission

The Financial Conduct Authority (FCA) today entered into a co-operation agreement with the Securities and Futures Commission (SFC) in Hong Kong to foster collaboration in support of financial technology (Fintech) innovation.

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Monzo puts API development on the back burner

Digital bank Monzo is putting its API developer plans on ice as it faces up to the challenge of launching current accounts for its 190,000 customers.

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'Alexa, open Amex'

American Express cardholders can now use Amazon's Alexa to check their account balance, review recent charges, make a payment and find out about new offers from the card scheme.