Innovation

6692 articles tagged with this keyword

/Innovation

Start-ups will help banks create the future

Andreas Lambropoulos, Head of Strategic Initiatives for BNP Paribas International Financial Services, talks about the bank’s evolving approach to working with fintech start-ups, his vision for partnership between banks and fintechs, and the need for any innovation initiative to create value for clients and for the bank.

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Klarna acquires Cookies

Reports say Swedish payment service provider Klarna has agreed to take on the team behind the bankrupt Berlin fintech startup Cookies

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Millennial demographic “meaningless” for financial institutions and fintechs

New research says younger millennials are not financially independent, and slower to embrace fintech

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Consumers demand clarity and education on personal data usage

IEEE survey finds that 81% call for better education on data sharing; 65% cite a negative experience as a result of a website using their personal data

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MFS Africa connects 120 million mobile wallets in Sub-Saharan Africa

Network enables merchants, banks and mobile operators to scale transactions cross-border, cross-currency and cross-network

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R3 shakeout continues as Santander bows out

More departures expected as inevitable streamlining follows over-heating of blockchain consortia space.

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Next wave of robo will be active

Jonathan Charley, Deputy General Manager, FS EMEA, SAP, talks about the drivers for the rise of robo advisors, how these businesses are likely to evolve, and how traditional wealth providers should be responding.

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PayKey raises $6 million in Series A funding

Solution enables banks to provide users with peer to peer payment options through any social and messaging platform

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Tieto launches OneCloud to manage multiple cloud services

New solution designed to address everyday challenge for many organisations of managing multiple cloud providers and ecosystems

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Study uncovers innovation gap in Canadian financial services

Innovation may be a top priority for Canada’s financial services executives, but study shows a gap between the desire to innovate and the ability to execute

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Fintech solving fundamental problem

Vikas Raj, Managing Director, Venture Lab, Accion, discusses innovations in emerging markets around the use of alternative and new data for credit scoring, and explores the role of fintechs in solving the ‘information asymmetry’ problem that leaves some 3 billion individuals and small businesses around the world without the financial services they need, by giving incumbent banks the data and infrastructure to serve these segments better.

/Innovation

Fintech influence on banks good for all of us

Steve Pierson, President of Lovell Minnick Partners, gives an investor’s view of fintech, talking about why advice, insurtech and outsourcing are hotter investment prospects than blockchain right now, the likely evolution of digital lending beyond consumer and how banks are set to learn from – and acquire – fintechs going forward.

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ING harnesses virtual reality to promote Unicef partnership

ING is asking people to don their virtual reality goggles to gain an immersive perspective of the life of a Nepalese teenage beneficiary of the bank's Power for Youth partnership with Unicef.

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Norton Rose Fulbright addresses the legal implications of smart contracts

Blockchain consortium R3 has contracted global law firm Norton Rose Fulbright to determine whether smart contracts have contractual effect and their enforceability.

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Building real-time business case for smaller banks

Leo Lipis, Managing Director of Lipis Advisors and Tom Hay, Head of Payments at Icon Solutions, discuss the findings of recent research into the challenges and opportunities for small and medium sized banks of connecting to instant payment systems, and explore options for smaller players to achieve their real-time goals via more cost-effective routes.

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We want it now, not soon

Ewan Macleod, chief digital officer at Nordea, reflects on how the digital economy is reshaping consumer expectations about product delivery and service.

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Data science is next phase of digital journey

Mayank Mishra, Managing Director, Global Head Online Banking & Connectivity Services, Treasury and Trade Solutions, Citi, talks about how banks are progressing with digitalisation, from the first phase of mobile channels through to the next which will leverage data science to improve customer experience and drive new efficiencies, and looks at the likely evolution of banks’ role in innovation.

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BNP Paribs opens up to startups

BNP Paribas has opened an online portal to connect bank staff and business lines with innovative startups.

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Measuring the value of innovation

Tim Bosco, Head of Innovation Strategy at Brown Brothers Harriman, talks about the challenges of measuring the return on investment of innovation initiatives by banks, and what banks can learn from start-ups when it comes to successful innovation.

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Singapore opens new grant scheme to support fintech trials

The Monetary Authority of Singapore is to provide match-funding to promising proof of concept trials of new financial technology initiatives as part of its ongoing mission to create a world-leading global fintech hub.