Innovation

6660 articles tagged with this keyword

/inclusion

Kenya central bank governor: ‘Regulators should be the most innovative people of all’

In a virtual fireside discussion during Singapore Fintech Festival 2020, Patrick Njoroge, Governor of the Central Bank of Kenya argued that regulators must use their convening power to bring people and innovators together, this would change the dynamic between innovators and the regulators themselves to improve the journey toward digital transformation.

/crypto

Northern Trust and StanChart partner for crypto custody service

Asset servicer Northern Trust and Standard Chartered have sought to capitalise on the growing demand for cryptocurrency services by jointly developing a digital custody service aimed at institutional investors.

/startups

University of Cambridge to launch fintech collaboration network

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School will be launching and showcasing a cross-regional and sectoral knowledge exchange network, established with support from the UK’s Foreign, Commonwealth & Development Office (FCDO), at a live streamed event at 11.00 GMT on 10 December.

/people

Dr Ruth Wandhöfer to chair PSR panel through Covid-19 recovery, Brexit and BoE RTGS renewal

Dr Ruth Wandhöfer has been appointed chair of the Payment Systems Regulator (PSR) panel amid the regulator’s increased relevance as a policy strategist between a diverse group of banks, payment service providers, fintech firms and consumer groups as a result of the coronavirus pandemic.

/security

UBS CEO: Innovation is not 2020’s trend, it's here to stay

Speaking at Singapore Fintech Festival, UBS CEO Ralph Hamers makes the case that while innovation and collaboration have not traditionally been the norm for financial institutions, the need to build symbiotic relationships with fintech is essential, particularly in the context of cybersecurity in a post-Covid-19, highly digitised world.

/crypto

David Marcus: Facebook deserves the benefit of the doubt

David Marcus, the head of Facebook Financial, believes that the social media company has earned the benefit of the doubt for the way it has developed engaged with the concerns of regulators and governments in the development of the Libra project.

/payments

Payments have become tech arms race say banks

The vast majority of banks (94%) believe that the Covid-19 pandemic has turned the payments market into a technology arms race for which they are unprepared.

/inclusion

Google and Alphabet CEO Sundar Pichai: ‘Online has been a lifeline in Southeast Asia’

Speaking at Singapore Fintech Festival 2020, CEO of Alphabet Inc and its subsidiary Google Sundar Pichai highlights that “online has been a lifeline in Southeast Asia” and eight out of 10 people have revealed that “technology helped them navigate the pandemic.”

/Innovation

SEC FinHub becomes standalone office

The Securities and Exchange Commission today announced that the SEC's Strategic Hub for Innovation and Financial Technology, commonly referred to as FinHub, will become a stand-alone office. Valerie A. Szczepanik will continue to lead FinHub as its first director and will report directly to the SEC Chairman.

/payments

Visa Apac accelerator programme invites fintechs to join inaugural cohort

Visa is encouraging fintech startups across the Asia Pacific region to apply for one of six places in its new Accelerator Program, launching today.

/regulation

FCA and City of London Corporation pilot digital sandbox

The Financial Conduct Authority and the City of London Corporation have called in Fintech Sandpit to help build a digital sandbox.

/payments

Can RtP offer the agile approach needed in the post-Coronavirus recovery?

As the world recovers from the Coronavirus pandemic, it is assumed that financial institutions and other businesses will need to adopt new ways of working to navigate what is said to be one of the worst economic downturn in recent years.

/cloud

Electrifying cloud migration with strategy and security

The cloud can power innovation for financial institutions. As reported by McKinsey, 70% of banks are reviewing their core banking platforms and are beginning to leverage the potential that cloud-native services can deliver, as well as the offerings provided by technology vendors.

/cloud

How the cloud adds value to open banking business models and strategy

While open banking was initially regarded by many as a typical compliance exercise, following the implementation of the Second Payments Services Directive (PSD2), banks are now shifting gears and going beyond the regulatory requirements by leveraging the benefits of open APIs to cater to customer needs and innovate open banking business models.

/payments

EBAday 2020: ISO 20022 driving harmonisation and fostering competition in banking, payments and fint

Many of the ongoing conversations about ‘old vs new’, ‘big’ vs ‘small’ and ‘incumbent’ vs ‘start-up’ in financial technology may be built around the role of ISO 20022 in the banking and payments ecosystem in the years to come.

/devops

How one bank’s tech team is teaching ‘on-the-fly’ data

Following her virtual session, ‘Democratising data-driven decisions with self-service tools’ at the Apidays conference, Yojas Samarth, senior data engineer, tech speaker and tech trainer at DBS Bank, speaks to Finextra Research regarding the nuance of training teams to effectively utilise data platforms.

/startups

Mastercard welcomes ten fintechs to Start Path programme

Mastercard has welcomed 10 fintechs from around the world to participate in its award-winning startup engagement program, Start Path, to scale the future of commerce.

/people

Opening up the path less travelled from banking to fintech

Fintech has been part of financial services for several years, but it remains surprisingly rare to see employees of incumbent banks take prominent positions at fintech firms.

/payments

EBAday 2020: payments innovation on fire

Visa recently launched its Tap to Phone technology, enabling Android handsets to accept NFC payments via an app which will allow users to accept contactless payments within minutes of download. This is now live in parts of Europe, the Middle East, Africa, APAC and Latin America with the US to follow in 2021.

/regulation

BIS Innovation Hub and HKMA announce TechChallenge winners

The Bank for International Settlements Innovation Hub (BISIH) centre in Hong Kong SAR and the Hong Kong Monetary Authority (HKMA) today announced the winners of the TechChallenge - Digitising Trade Finance initiative.