Innovation

6669 articles tagged with this keyword

/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.

/regulation

Global regulatory sandbox GFIN opens for applications

The FCA will be among 23 regulators across 5 continents taking part in the cross-border testing initiative organised by the Global Financial Innovation Network (GFIN).

/payments

Will China be the world's first cashless society?

China is well on its way to become the world's first cashless economy, with mobile payments already accounting for four out of every five payments, according to a study by the South China Morning Post.

/devops

WEF executive: Traditional finance business model no longer working

Simon Torrance, senior adviser at corporate innovation firm, Rainmaking, claims that the traditional financial services business model is no longer working.

/retail

UniCredit to run Tel Aviv bootcamp for female entrepreneurs

How does Israel's innovation ecosystem work? What are the shared routes and key steps that have brought success to so many Israeli start-ups? Can these growth and scale-up models be replicated in other places?

/devops

Almost 800 coders will compete in BBVA 2020 hackathon

The BBVA Hackathon 2020 has attracted a total of 3,544 candidates so far, of which 792 made the final cut.

/payments

No rivalry between public and private digital currency solutions – European Commission

During the ‘Retail Payments Strategy’ webinar held Wednesday , the European Commission’s Eric Ducoulombier, head of retail financial services and payment unit, spoke to the subject of digital currencies and the future of a digital euro.

/sustainable

Sibos 2020: Defining sustainable finance and ESG, beyond climate action and the environment

As wildfires, hurricanes, social and economic unrest and the pandemic play out across the global stage, the final of day of Sibos 2020 focuses on banking for humanity, the impact of ESG and the triple bottom line as a driver for sustainable business.

/retail

Sibos 2020: Big Tech companies are not looking to get into financial services – Jesse McWaters

Jesse McWaters, Mastercard’s vice president of global digital public policy, believes the way people think about Big Tech companies entering financial services are mistaken.

/security

Sibos 2020: A mindful shift to operational resilience is required in a post-Covid world

2020 has been a sharp reminder that unprecedented events can result in abrupt, yet long-term change and every industry must adapt to keep pace. The challenges facing banks are continuing to mount and financial institutions are being forced to deal with a deteriorating geopolitical environment, an explosion in cyber-crime and the expansion in regulatory oversight, as discussed in Sibos day three session ‘Risk management: The world of worries’.

/crime

Sibos 2020: Is 'Ransomware-as-a-Service' a symptom of innovation?

Drilling down into the biggest threats facing financial services during Covid-19, industry heavyweights provide their perspectives on the changing face of cyber threats and where our biggest vulnerabilities reside during day 3 of Sibos 2020.

/crypto

Sibos 2020: 'In a world of CBDCs, I am not sure what Swift would do' - David Birch

David Birch, author and financial services consultant, compares Swift to CB radio or Charlie's Angels, as an "affectionate tribute to the 1970s".