Latest Innovation News: Finextra Research

Huddlestock wins first insititutional client

Huddlestock, a fintech company based at Level39 in London and Pier X in Oslo, has entered an agreement with its first institutional client, the Icelandic Pension Fund, Sparnaður, based in Reykjavik.

19 April 2017

News/Innovation

Bank of England accelerator to tackle Big Data and privacy in distributed ledgers

The Bank of England is inviting applications for its latest accelerator project with an emphasis on conducting proofs of concept around machine learning and privacy in distributed ledgers.

19 April 2017

News/Innovation

Wells Fargo to pilot AI-based Messenger bot

Wells Fargo is boarding the chatbot train, launching a pilot of an AI-based customer services agent within Facebook's Messenger platform.

19 April 2017

News/Innovation

Western Union and MoneyGram unveil Facebook Messenger bots; Mastercard and Amex pile in

MoneyGram and Western Union have both launched bots that lets customers in the US send money transfers to tens of thousands of locations around the world through Facebook Messenger.

19 April 2017

Company update/Innovation

Dubai opens applications for Fintech Hive accelerator programme

Dubai International Financial Centre (DIFC) has today announced that applications for its ‘FinTech Hive at DIFC’ accelerator programme will open on 17 April 2017, following registered interest from over 200 companies since its launch in January.

18 April 2017

Company update/Innovation

Cyber Security startup GuardSquare wins Innovate Finance Pitch 360 fintech prize

Innovate Finance, the membership association for UK's global FinTech sector, has announced the winner of Pitch360, its first ever FinTech startup competition.

18 April 2017

News/Innovation

FlexTrade brings a touch of augmented reality to the trading floor

Order management vendor FlexTrade is planning to use Microsoft HoloLens to provide traders with a three-dimensional view of their dealing strategies and new ways of interacting with third party data feeds.

18 April 2017

Company update/Innovation

EY fintech lead Gulamhuseinwala to head CMA Open Banking overhaul

Imran Gulamhuseinwala has been appointed as the new Implementation Trustee for the CMA’s Open Banking remedies.

18 April 2017

News/Innovation

Prisoners build PCs from stolen parts then apply for credit cards in fellow inmate's name

A pair of enterprising American prisoners managed to steal enough spare parts from a work programme to put together two computers, which they hid in a closet ceiling and used for various escapades, including to apply for credit cards in another inmate's name.

13 April 2017

News/Innovation

Apac banks suspicious about fintech consortiums

A research paper has revealed a level of scepticism among Asia Pacific banks when it comes to joining forces with fintechs.

13 April 2017

News/Innovation

Big banks more popular than fintechs with US SMEs - survey

A survey of small business credit published by the Federal Reserve Bank of New York has revealed that online lenders are less popular with small and medium enterprises (SMEs) than big banks.

13 April 2017

News/Innovation

After trashing Swift gpi, Ripple hires its biz director

Ripple has stepped up its rivalry with Swift, poaching Marjan Delatinne, who had been business director at the messaging network's new gpi programme - an offering Ripple has loudly trashed.

13 April 2017

Finextra TV/Innovation

We're only at the foothills of fintech development

Eileen Burbidge, HM Treasury's Special Envoy for Fintech, defines the 'fourth industrial revolution' and discusses the importance of fintech growth in the UK.

12 April 2017

Company update/Innovation

Malaysian bank CIMB names Olivier Crespin chief fintech officer

CIMB Group today announced the impending appointment of Olivier Crespin as the Chief FinTech Officer for its newly set-up unit, CIMB FinTech, which is a standalone unit that will actively explore new, innovative banking solutions.

12 April 2017

Company update/Innovation

Neyber pockets £7.5m in second round of funding

Disruptive consumer finance and wellbeing platform Neyber has raised £7.5 million at the closure of its series B funding round, bringing the company’s total capital raised to date to £18 million since its inception.

12 April 2017

Company update/Innovation

MFS Africa recruits Vodafone exec to its board

MFS Africa, a leading Pan-African fintech company, today announces that Michael Joseph has joined its Board of Directors as an independent Non-Executive Director.

12 April 2017

Company update/Innovation

StashAway becomes first licensed robo-advisor in Singapore

StashAway becomes first licensed robo-advisor in Singapore StashAway, a robo-advisor, has received in-principle approval for its Capital Market Services License for Retail Fund Management.

12 April 2017

News/Innovation

Chancellor and BofE governor bang the post-Brexit drum for UK fintech

Phillip Hammond, the UK Chancellor, has highlighted the critical role played by fintech in helping the UK to mitigate any negative economic impact that may result from Brexit.

12 April 2017

News/Innovation

DLT still not mature enough says ECB

The European Central Bank (ECB) has stated that blockchain technology lacks the necessary maturity to be part of its market infrastructure.

12 April 2017

Company update/Innovation

Hellenic Bank launches API public beta

In a short period of time, Hellenic Bank has managed to establish a reputation for its innovation-oriented initiatives and has gained a position on the world stage. We have now stretched beyond the realm of traditional banking to lead the way in reimagining financial services through API Banking.

11 April 2017