Latest Innovation News: Finextra Research

TD Bank to sponsor MIT's first fintech hackathon

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

20 January 2017

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.

19 January 2017

News/Innovation

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.

19 January 2017

Company update/Innovation

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.

18 January 2017

Company update/Innovation

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.

18 January 2017

Company update/Innovation

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.

18 January 2017

Company update/Innovation

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.

18 January 2017

Finextra TV/Innovation

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.

18 January 2017

News/Innovation

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.

18 January 2017

News/Innovation

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.

18 January 2017

News/Innovation

New York regulator blasts OCC over bank charter plan for fintech firms

A turf war is brewing between US state and federal regulators over oversight of the financial technology sector after New York's top watchdog sent a stinging letter to the Office of the Comptroller of the Currency (OCC), telling it to back off plans for a national bank charter for fintech firms.

17 January 2017

Company update/Innovation

Russian banks form Fintech Association

Representatives of the Bank of Russia and major financial market participants approved the decision to found an Association for Financial Technologies Development (FinTech Association).

17 January 2017

Company update/Innovation

InsurTech startup Digital Fineprint joins Accenture innovation lab

Digital Fineprint, an InsurTech startup that harnesses social media to super-charge insurers online propositions, has been selected to take part in Accenture’s Fintech Innovation Lab in London, from over 300 applicants.

17 January 2017

News/Innovation

HSBC forms tech advisory board

HSBC has formed a tech advisory board to help steer the bank's IT strategy as it looks to take advantage of technological innovation and combat cyberscrime.

17 January 2017

News/Innovation

Thiel backs French biz banking startup Qonto

With a slate of stellar investors onboard, Qonto, a French digital business banking service for entrepreneurs and startups, is gearing up for launch.

17 January 2017

News/Innovation

Wells Fargo Digital Lab offers a front-row seat to the future of banking

Wells Fargo has moved its Digital Labs team into a new 17000 square foot facility in San Francisco to provide a bigger stage to showcase the bank's emerging technologies.

17 January 2017

News/Innovation

SocGen engages Personetics for chatbot roll out

The rush of banks into the chatbot space shows no sign of slowing down, with Societe Generale the latest to target customer interactions over popular messaging platforms.

16 January 2017

News/Innovation

FTC fintech forum to explore AI and blockchain

Artificial Intelligence and blockchain will be at the centre of attention at an upcoming fintech forum put together by America's Federal Trade Commission.

16 January 2017

Company update/Innovation

Innovate Finance flies fintech delegation to Davos

Innovate Finance, the independent membership organisation representing UK’s global FinTech sector, is returning to Davos this week with a delegation of members to discuss this year’s theme of Responsive Leadership.

16 January 2017

News/Innovation

Accenture beats Brexit blues with largest-ever London startup programme

Accenture is banishing the Brexit blues by running its largest ever fintech accelerator programme in London after fielding more than 300 applicants from around the globe.

16 January 2017