Latest Innovation News: Finextra Research

BofE turns to accelerator member Anomali to tackle cyber threats

The Bank of England's new fintech accelerator is already bearing fruit. Following a successful proof-of-concept, one of the participants, Anomali, has been enlisted to help the bank monitor and mitigate cyber threats.

10 February 2017

Company update/Innovation

Google unveils Android Wear 2.0 and LG watch with support for NFC payments

While traditional watches tell the time, Android Wear watches make the most of your time.

10 February 2017

News/Innovation

Innovate Finance issues call for input on industry sandbox

Innovate Finance is seeking input from UK financial services participants on the establishment of an industry sandbox, creating a neutral space where banks, fintech startups and the wider development community can share and extract data for off-market testing of new applications.

10 February 2017

News/Innovation

Standard Chartered debuts API sandbox for corporate community

Standard Chartered has launched an Open Banking Application Programming Interface (API) Developer Portal with an initial focus on its transaction banking business.

10 February 2017

News/Innovation

Nordic banks view fintech collaboration as the way of the future

Often viewed as a bellwether for advances in banking technology, the Nordic markets are experiencing a significant spike in collaboration between banks and fintech startups.

10 February 2017

News/Innovation

BNP Paribas builds a bridge to Silicon Valley

In the wake of announcing plans to double IT spending over the next three years, BNP Paribas has moved to strengthen its relationship with Silicon Valley's Plug and Play incubation initiative.

10 February 2017

Company update/Innovation

Montréal should create fintech hub - report

Montréal has what it takes to grow its FinTech ecosystem and drive technological development in the sector, states the report, which features four recommendations to make the most of the potential.

09 February 2017

Company update/Innovation

Five startups graduate from Octopus Labs accelerator

Nearly 200 fintech investors and financial advisers gathered on the top floor of The Gherkin last night for the culmination of the Octopus Labs accelerator programme.

09 February 2017

News/Innovation

Blockchain will change everything, but only if we can find the right talent

On the one hand, financial services executives believe distributed ledger technology will have a transformative impact on the industry within the next three-to-five years, yet on the other a serious shortage of blockchain talent is threatening to impede real-world deployment. That's the conclusion of the two distinct pieces of research conducted by Bain and Tabb Group.

09 February 2017

Company update/Innovation

Eckoh introduces PCI compliant payments via Live Chat

Eckoh announces that it has added the capability to take a secure payment directly via live web chat (“Live Chat”).

08 February 2017

News/Innovation

Meet Rita; Revolut's troubleshooting digital assistant

European money app Revolut has jumped aboard the chatbot train, launching an assistant, called Rita, to help customers with hundreds of questions.

08 February 2017

Company update/Innovation

Banks head to Fintech Valley for Indian startup challenge

In a bid to transform the picturesque commercial capital of Andhra Pradesh, Visakhapatnam, into a national and global hub for financial technology (Fintech), the government of the state, under the dynamic leadership Chief Minister Shri N. Chandrababu Naidu, is building a complete eco-system including Fintech start-up entrepreneurs, innovators, incubators, investors and academia.

08 February 2017

News/Innovation

Fintech growth demands global intervention - Iosco

Bank regulatory bodies need to co-ordinate their strategies for dealing with emerging financial technology at a global level, says a new report from International Organization of Securities Commissions (Iosco).

08 February 2017

News/Innovation

Visa bids to strengthen Silicon Valley ties with new Palo Alto site

Stressing its technology credentials, Visa has opened a massive new office in Silicon Valley to house its data and research teams.

08 February 2017

News/Innovation

Wells Fargo app sets customers savings challenges

Personal finance management apps are getting more demanding, with new offerings from Wells Fargo and startup Meniga challenging users to meet specific saving targets.

08 February 2017

News/Innovation

Philadelphia Fed president says regulation will protect fintech innovators

Fintech firms should welcome, not fear, regulation because it is in their interest to have an "established framework" in which to operate, says the president of the Federal Reserve Bank of Philadelphia.

08 February 2017

Company update/Innovation

Wealthify white-labels tech platform

Wealthify, the online investment service, has today announced it is now able to white label its technology, enabling financial institutions to offer their retail clients the quickest route to the most affordable, fully-diversified investment plan in the UK.

07 February 2017

Company update/Innovation

Citi opens Tech for Integrity Challenge

Citi today announced the Citi Tech for Integrity Challenge (T4I), a landmark effort to encourage technology innovators from around the world to create cutting-edge solutions to promote integrity, accountability and transparency in the public sector and beyond.

07 February 2017

News/Innovation

BNP Paribas to double digital spending to EUR3 billion

BNP Paribas is to invest EUR3 billion in a three-year business plan to build the 'bank of the future'.

07 February 2017

Company update/Innovation

Firms passing up opportunities to capitalise on the cloud says Deloitte

The capitalisation of certain aspects of cloud technology may be preferred, or even required by accounting standards for many organisations, despite the perception that few, if any, cloud related costs can be capitalised.

07 February 2017