Innovation

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/Innovation

Data is a key legal issue for open banking

Yvonne Dunn, Partner, IT, Pinsent Masons, outlines legal complexities surrounding open banking and where the opportunities will arise.

/Innovation

Natalie Ceeney to take over Innovate Finance chair from Alastair Lukies

Innovate Finance, the membership association for UK’s global FinTech sector, is pleased to announce that Natalie Ceeney CBE will join the Board of the Company as Non-Executive Chair, taking over from Alastair Lukies CBE.

/Innovation

Fintech coalition formed to fight EBA plans to outlaw screen scraping

Sixty organisations representing a broad cross-section of fintech businesses across Europe have joined forces to protest against new rules by the European Banking Authority that would ban screen scraping of customer data from online banking interfaces under the revised Payment Services Directive (PSD2).

/Innovation

Nordea ships staff to Stockholm Fintech Hub

Nordea is to relocate a number of staff into Stockholm Fintech Hub to collaborate on-site with startups from across Sweden.

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China's Ping An preps $1bn overseas fintech and healthcare fund

China's Ping An Insurance Group has hired Citi veteran Jonathan Larsen to lead a new $1 billion overseas fund than will focus on investing in financial and healthcare technology.

/Innovation

Regtech helps inform organisations

Gareth Evans, Managing Director, Enterprise Risk Management, Thomson Reuters, explains why regtech is so important, how it helps companies to meet regulatory demands, and how it will evolve over the next few years.

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Financial inclusion needs a guiding principle

Kosta Peric, Deputy Director, Bill & Melinda Gates Foundation, speaks about how well regulators are doing in spreading the reach of fintech, how well regtech is doing, and what needs to be done to get fintech and regtech more involved in financial inclusion.

/Innovation

OCC fintech charter plans in jeopardy as Curry departs

Proposals by the US Office of the Comptroller of the Currency to issue special purpose banking charters to fintech firms are up in the air following the departure of leading advocate Thomas Curry and his replacement as acting head of the Federal agency by Simpson Thacher & Bartlett partner Keith Noreika

/Innovation

Credit union consortium to demo digital identities on distributed ledger network

A US consortium exploring potential use cases for distributed ledger technology in the credit union industry is set to conduct its first live demonstration of a digital identity service next week.

/Innovation

Delivery plan agreed for consolidation of UK payment schemes

The UK's Payment Systems Regulator and the Bank of England have agreed a framework for the consolidation of Bacs, the Cheque and Credit Clearing Company and the Faster Payments Scheme.

/Innovation

UnionBank embraces APIs with IBM

IBM (NYSE: IBM) announced today that UnionBank has selected IBM Cloud to quickly and easily build, deploy, run and manage new customer-facing apps for its growing digital customer base.

/Innovation

RBS gives AI a helping hand with 'hybrid bots'

The Royal Bank of Scotland is rolling out a customer service "hybrid bot" from vendor LivePerson that hands over to a human colleague if questions flummox its artificial intelligence.

/Innovation

Eight startups Rise up with Barclays

Barclays Bank is entering formal engagements with eight of the 11 startups to pass through its latest fifteen-week accelerator programme and spinning out an internal team as a separate company.

/Innovation

Hyundai builds bespoke 'Contactless Car'

Hyundai is launching a 'Contactless Car' in the UK capable of accepting donations for national charity Stand Up To Cancer.

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DB says happy birthday to Fintech Hub

Deutsche Börse's FinTech Hub in Frankfurt is celebrating its first birthday.

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Singapore rolls out document-free account opening pilot

The Singapore Government has begun trials with four banks of a digital onboarding service that enables citizens to register for new accounts without the need to provide supporting documentation.

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BNP Paribas signs global Snapchat deal

BNP Paribas is strengthening its ties to Snapchat, signing a global partnership deal with the teen-friendly video sharing platform in an attempt to boost its profile among the millennial generation.

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Barclays opens Europe's largest fintech site

Barclays has opened an innovation centre in London's hipster capital Shoreditch housing internal banking and technology teams alongside more than 40 fintech startups.

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Québec watchdog opens fintech lab and joins R3

The Autorité des marchés financiers (AMF), Québec's financial services regulator, has joined the R3 consortium and set up a fintech lab to help it study new technologies, such as blockchain.

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Innotribe names ten companies to compete in the Startup Challenge Africa

Working in close collaboration with Innotribe, over one hundred judges from across the financial, technology, and investment communities evaluated close to 100 applications received for the third edition of the Startup Challenge in Africa.