Innovation

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/Innovation

Wall Street Blockchain Alliance adds OTC Exchange Network as corporate member

The Wall Street Blockchain Alliance (WSBA), a 501 (c)(6) non-profit trade association, has announced that OTC Exchange Network (OTCXN) has joined the organization as a corporate member.

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BBVA Compass puts Amazon lockers in Austin branches

Riding the wave of next-gen delivery services, BBVA Compass today announced that it has been piloting Amazon Locker at 11 Austin-area BBVA Compass branches.

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Fifth Third Bank partners with QED Investors to shape fintech strategy

Fifth Third Bancorp (Nasdaq: FITB) today announced an innovative partnership between Fifth Third Capital Holdings, LLC and leading financial technology (fintech) venture capital firm QED Investors.

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Deutsche Börse looks for collateral shift with 'CollCo' digital coins

Deutsche Börse has filed a patent for a new way of shifting collateral among banks using tokenised digital coins.

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China's Ant Financial goes global in bid for two billion users in 10 years

Ant Financial, the payments unit of Chinese Web giant Alibaba, is looking into the use of blockchain technology as it sets its sights on boosting its user numbers to two billion people within the next decade.

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Real-time is a platform for innovation in the US

Jim Aramanda, President and CEO, The Clearing House, provides an update on how real-time payments are developing in the US.

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SocGen builds startup database

French bank Societe Generale is setting up an internal platform, dubbed Startup Radar, where staffers can access information about experimental projects and recommend interesting fintech firms.

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EZ-Link blends payments with fitness trackers

Singaporean transit and payment card issuer EZ-Link has launched a new line of wearables embedding payment functionality into fitness and health trackers from Watchdata and Garmin.

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POSB virtual agent chats with customers on Facebook

DBS Bank subsidiary POSB is using technology from Kasisto, the firm behind Apple's Siri AI, to enable natural language conversations with customers through Facebook Messenger.

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Australian Government agency steps in to support fintech accelerator

Australian fintech accelerator H2 Ventures has secured a $4 million warchest from Investec to invest in up to 40 startups, underwritten by a Government-backed guarantee of $2 million

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TD Bank to sponsor MIT's first fintech hackathon

MIT has recruited TD Bank and Prudential to sponsor its first-ever fintech hackathon.

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US fintech firms join forces to push data sharing via APIs

A host of US fintech firms - including Betterment, Kabbage and Ripple - have set up an industry group to push for consumers' rights to share their bank financial data with third parties.

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RBC hires AI pioneer as advisor to new machine learning lab

Royal Bank of Canada has hired one of the pioneers in artificial intelligence as an advisor to a new research lab dedicated to machine learning.

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Speech: ECB executive board member Yves Mersch on digital base money

We are living in digital times. The internet and portable online devices have radically transformed the way we use and exchange information, and the way we exchange money. Money has been digitalised in many ways and we can now, for instance, transfer bank deposits electronically and pay with e-money.

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Yes Bank launches fintech accelerator

Yes Fintech – a unique business accelerator program in collaboration with T-Hub - India’s fastest growing start-up engine catalysing innovation, scale and deal flow and Anthill, LetsTalkPayments, a global platform for financial technology (Fintech) insights is the Knowledge partner.

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Blockchain launches Digital Asset Research Lab

Blockchain, the world’s leading software platform for digital assets, announced today that it is partnering with Imperial College London to launch the Digital Asset Research Lab.

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Chilean alternative credit scoring outfit Destacame closes seed round

Chilean-based alternative credit scoring startup Destacame announced today that it has closed its seed round of financing. Funds will support the expansion of Destacame's services within Chile and into Mexico in 2017.

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Open APIs and real-time are hand in glove

Simon Wilson, Sales Director, Immediate Payments, ACI Worldwide, outlines how the New Access Model works for PSPs and how open APIs are impacting faster payments.

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Fintech veterans create new investment vehicle

Motive Partners, a fintech investment vehicle backed by veterans of the global financial technology industry, has made its first deal, investing $7 million in FX compression outfit LMRKTS.

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Yapı Kredi introduces eye scanning for app logins

In what it claims is a European first, Turkish digital bank Yapı Kredi is to start letting customers log into their mobile accounts by scanning their eyes.