Innovation

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/Innovation

More consensus needed for faster payments

Sean Rodriguez, Senior Vice President, Faster Payments Strategy Leader, Federal Reserve System, summarises the US faster payments landscape, and what needs to be done to create a united faster payments solution.

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Startupbootcamp InsurTech identifies 23 promising startups

Startupbootcamp InsurTech, the leading accelerator focused on early-stage, insurance technology startups and corporate innovation, announces the top 23 globally diverse startups chosen to participate in its Selection Days.

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UK Payments Strategy Forum sets out roadmap

Giving Brits greater control over how they manage their day-to-day finances and taking on fraud are at the centre of a new regulator-backed strategy that promises to make payments fit for the 21st century.

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ABN Amro introduces Gradefix: ‘risk-as-a-service’

Gradefix is a new service that uses transaction data to perform analyses and risk assessments for clients.

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Open APIs drive big data progress

Andy Hirst, VP Banking Solutions, SAP, discusses the big trends in big data – unstructured, openness, machine learning – and explores the challenges banks still face in exploiting the value of their data to the max.

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ECrowd! raises more than €300K in second round of funding

The debt crowdfunding - also known as crowdlending- platform ECrowd!, specializing in sustainable investments, has closed an investment round of € 307,900 through the online investment platform Crowdcube (equity crowdfunding).

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Swiss government looks to ease rules for fintechs

A division of the Swiss government has called for an easing of regulations for fintech firms in favour of a more forward-thinking approach, including a special 'fintech' license.

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SOFE Berlin: Van der Kleij plots blockchain startup network

Former Level39 head honcho Eric van der Kleij is seeking the support of financial heavyweights like Swift and big international banks for the creation of a global network of blockchain labs and accelerators for tech startups.

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2017 will be the year of payments integration

Dean Henry, Director, Head of Global High Volume Payments, Bank of America Merrill Lynch, talks about the redirecting of fintech energy away from rivalry towards partnership, the challenges that globalisation presents for small, medium and large clients, the role of digital wallets to facilitate payments to parts of the world without robust traditional infrastructure, and how to tackle the proliferation of payments options now springing up.

/Innovation

Build innovation into organisational competencies

Amir Wain, Founder & CEO of i2c, talks about the challenges for financial institutions of the increasing pace of change, the need to innovate on an ongoing – not a one-off – basis, and the opportunity to go beyond cost-cutting and generate new revenues by integrating payments more deeply into the lives of customers.

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UK Black Friday growth predicted to surpass US reveals

Ingenico ePayments global data anticipates a Black Friday rise in UK ecommerce spending, while US shoppers migrate to Cyber Monday

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Europe’s leading financial institutions select Trifacta to wrangle diverse data

Trifacta, the global leader in data wrangling, says strong growth in Europe has given it a substantial foothold in Europe’s financial services industry.

/Innovation

Open banking in Australia moves a step closer

Reform recommendations include the requirement for banks to open access to customer data, while equity crowd-funding gets a boost from new legislation opening the model to retail investors

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Tech City UK trumpets role in HM Treasury's fintech measures

Following the UK Autumn Statement, Tech City UK says it will deliver two of HM Treasury’s newest fintech measures.

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GPS, Pannovate partner to offer clients customised payment cards

Partnership allows Global Processing Services GPS clients to offer personalised card designs agnostic of card manufacturer. Personalisation is now an expected option: a recent survey found that 80 per cent of consumers would choose to upload an image to their card where possible.

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National Bank of Malawi selects Swiss FinTech NetGuardians

Swiss FinTech leader NetGuardians has been selected by National Bank of Malawi to protect customers’ data and prevent fraud.

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SIX and Confinale launch new tax service

SIX Securities Services, the business area responsible for post-trade services at SIX, has agreed an exclusive partnership with Confinale for tax reclaims. The first customer will be Raiffeisen Switzerland cooperative in St. Gallen. The Tax Reclaim Service is part of an entirely new type of overall solution for banks and investors provided by SIX Securities Services.

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Global SaaS platforms key to innovation for issuers

Lisa Fugate, Vice President Credit Processing, i2c, talks about the challenges legacy technology creates for issuers and how global software as a service platforms support creativity and the rapid roll-out of new programmes.

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SOFE Berlin: Swift unveils blockchain proof-of-concept

Swift has taken the wraps off its first blockchain proof-of-concept and pledged to become more vocal and engaged with the community in driving the application of the technology at both an industry level and embedded within its own member-owned network.

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Liquid Pay launches in Singapore

The LiquidNet open API platform allows banks, mobile app developers, enterprise system integrators as well as digital service providers to collaborate and develop interoperable open loop payment services