Latest Innovation News: Finextra Research

China's fintech dragons roar

2016 was the year that China's fintech dragons roared, dominating VC spending while investment in some previously feted leaders in other parts of the world wilted, according to a report from Citi.

26 January 2017

Company update/Innovation

Scotiabank ploughs $1 million into NextAI

As part of its growing leadership in the digital economy, today Scotiabank announced a three-year sponsorship of NextAI to support Canadian youth and entrepreneurship in the growing field of artificial intelligence (AI).

25 January 2017

News/Innovation

Bundesbank president tells G20 to avoid race to bottom on fintech regulation; Carney chips in

As it assumes the G20 presidency, Germany has set its sights on the fintech community, calling for the development of a set of common criteria for the industry's regulatory treatment in an effort to avoid a race to the bottom, says Bundesbank president Jens Weidmann.

25 January 2017

News/Innovation

Commonwealth Bank of Australia issues government bond on blockchain

Commonwealth Bank of Australia has issued a cryptobond for Queensland Treasury Corporation in the first trial run of the bank's private, permissioned blockchain platform for the end-to-end issuance of bonds.

25 January 2017

Company update/Innovation

British Columbia Securities Commission sets up fintech task force

The British Columbia Securities Commission (BCSC) today released an online survey, published a new tech industry webpage, and announced a dedicated Tech Team as a part of its ongoing outreach aimed at BC fintech and tech companies as well as other stakeholders active in these sectors.

25 January 2017

Company update/Innovation

British Columbia Securities Commission reaches out to fintech community

The British Columbia Securities Commission (BCSC) today released an online survey, published a new tech industry webpage, and announced a dedicated Tech Team as a part of its ongoing outreach aimed at BC fintech and tech companies as well as other stakeholders active in these sectors.

24 January 2017

Company update/Innovation

Risk Focus launches RegTek subsidiary

Risk Focus, Inc., the specialist solutions provider to the global capital markets, today announced the launch of a new firm, RegTek Solutions Inc.(RegTek).

24 January 2017

News/Innovation

If you can't beat them, buy them: Net1 acquires stake in Bank Frick

Nasdaq-listed mobile payments outfit Net1 has agreed a deal to acquire a 30% stake in Lichtenstein-based Bank Frick, providing a new reverse buy-out model for co-operation between fintech firms with technological know-how and incumbents seeking to develop new digital business strategies.

24 January 2017

News/Innovation

Consumers unaware of Open Banking - Equifax

The Open Banking movement may get big billing on Twitter and set pulses racing in fintech startups, but for the ordinary person on the street the term is utterly meaningless, if new research from Equifax is anything to go by.

24 January 2017

Finextra TV/Innovation

Preventing fraud is the number one thing

Paul Thomalla, Senior Vice President Global Corporate Relations & Development, ACI Worldwide, speaks about how payments are evolving under new regulation, new ways to think about the Internet of Things, and what changes need to be made to prevent fraud and cyber threats.

24 January 2017

Company update/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.

24 January 2017

Company update/Innovation

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.

23 January 2017

Company update/Innovation

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.

23 January 2017

News/Innovation

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.

23 January 2017

News/Innovation

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.

20 January 2017

Finextra TV/Innovation

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.

20 January 2017

News/Innovation

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.

20 January 2017

News/Innovation

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.

20 January 2017

News/Innovation

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.

20 January 2017

News/Innovation

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

20 January 2017