Latest Innovation News: Finextra Research

Mizuho and Marubeni forge Asean fintech partnership

Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato, “Mizuho FG”), Mizuho Bank, Ltd. (President & CEO: Nobuhide Hayashi, “Mizuho Bank”), and Marubeni Corporation (President & CEO: Fumiya Kokubo, “Marubeni”) have agreed to start exploring for opportunities to provide new financial services utilizing FinTech in the ASEAN region.

27 March 2017

Company update/Innovation

FinTech Awards Luxembourg opens for applications

The organising partners of the FinTech Awards Luxembourg have opened applications for the 2017 edition of the competition.

24 March 2017

News/Innovation

Bank of Ireland welcomes startups to startlab incubator programme

Bank of Ireland is kicking off the second session of its annual incubator programme to support innovative startups in the West of Ireland.

24 March 2017

News/Innovation

Cameroon gives mandate for mobile commodity exchange

UWIN Corp, a company founded by MIT Media Lab entrepreneur in residence and former Wells Fargo technologist Julius Akinyemi, has been given a mandate by the Cameroon government to implement a mobile-based commodity exchange.

24 March 2017

News/Innovation

Citi Ventures leads $11 million round in AI-based personal finance advocate Clarity Money

Personal finance app Clarity Money has raised a further $11 million in venture capital financing in a Series B round led by RRE Ventures and Citi Ventures.

23 March 2017

News/Innovation

Skandiabanken makes robo-advisory push with stake in Quantfolio

Norwegian digital bank Skandiabanken has acquired a 39.9% stake in local AI and machine learning outfit Quantfolio as part of a push into the provision of robo advisory services for customers of its private savings division.

23 March 2017

News/Innovation

European Commission opens public consultation on fintech

The European Commission is to run a public consultation on fintech as it bids to shape its policy response to the booming market for new innovations in financial services.

23 March 2017

Company update/Innovation

Synechron releases AI suite

Synechron Inc., a global financial services consulting and technology services provider, has today announced the launch of “Neo”, a set of Artificial Intelligence (AI) based solutions for the financial services industry.

23 March 2017

News/Innovation

Open APIs to shake up small business banking market

Chris Gorst, Challenge Prize Lead at Nesta, explains the motivations and ambitions behind the innovation agency's £5 million prize Open API fund, which opens for applications today.

23 March 2017

Company update/Innovation

Innovate Finance unveils Pitch360 finalists

Innovate Finance, the membership association for UK's global FinTech sector, today announced the finalists for Pitch360, its first ever FinTech startup competition, which takes place on day two of Innovate Finance’s prestigious global summit at Guildhall London on Tuesday, April 11th.

22 March 2017

News/Innovation

Swift Business Forum, Canada - live blog

Welcome to Finextra's live coverage of the Swift Business Forum in Toronto. This year’s conference, on the theme 'building the future', will investigate how the financial industry is adapting in a fast-changing, digital world where new fintech entrants pose an opportunity and a threat, and cyber-crime is a growing problem.

22 March 2017

Company update/Innovation

Commonwealth Bank of Australia and Austrade sign fintech collaboration agreement

The Commonwealth Bank of Australia (CBA) and Austrade have signed a new collaboration agreement to support the flow of fintech innovation between Australia and the UK.

22 March 2017

Company update/Innovation

Collaboration between banks and fintechs key to survival - Temenos

With the EU’s Second Payment Services Directive (PSD2) and open architecture framework set to come into force next year, regulation may well tip the scales between banks and fintechs for customer loyalty.

22 March 2017

News/Innovation

UN taps BBVA API card data for climate change project

Spanish banking group BBVA is contributing information on card transactions to a United Nations project trying to tap big data to combat climate change.

22 March 2017

Company update/Innovation

Mastercard names Rama Sridhar as EVP digital and emerging partnerships, Apac

Mastercard today announced the appointment of Rama Sridhar to the newly created role of Executive Vice President, Digital and Emerging Partnerships, Asia Pacific, effective immediately.

21 March 2017

News/Innovation

Deutsche Bank opens New York innovation lab

Deutsche Bank has opened an innovation lab in New York, its fourth globally after Silicon Valley, Berlin and London.

21 March 2017

News/Innovation

Talk to the phone: Samsung unveils Bixby

Samsung has unveiled Bixby, a voice-activated intelligent assistant to rival Apple's Siri and Amazon Alexa.

21 March 2017

News/Innovation

Westpac wants to take over your messaging keyboard

Westpac is working with Israeli-based startup PayKey on technology to add banking options to the bottom of a screen on a messaging app.

21 March 2017

News/Innovation

Icici unveils mobile app for rural Indians

Icici has unveiled a mobile app specifically designed for India's huge rural population, providing a host of banking services as well as useful information such as crop prices.

21 March 2017

News/Innovation

Can banks really win in the payments business of the future? – new Finextra report

New research from Finextra finds that banks must re-evaluate their role in the payments industry due to growing demand from digitally driven customers, new regulation, pioneering technology and the need to prioritise innovation over legacy.

20 March 2017