Innovation

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Scottish University creates fintech degree course

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Scottish University creates fintech degree course

The University of Strathclyde has launched a Masters of Science (MSc) programme in fintech, what it claims is the first such course in the UK.

Japanese insurer to replace 30% of workers with AI

/Innovation

Japanese insurer to replace 30% of workers with AI

More than 30 workers at Japan-based Fukoku Mutual Life Insurance are set to be replaced by artificial intelligence (AI), according to Japanese daily The Mainichi.

Indonesia issues new rules for fintechs

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Indonesia issues new rules for fintechs

The Indonesian Financial Services Authority (OJK)has introduced new regulations for fintech firms running a peer to peer lending business, according to a report in the Jakarta Post.

Yes Bank uses blockchain to help client with vendor financing

/Innovation

Yes Bank uses blockchain to help client with vendor financing

India's Yes Bank has enlisted the help of IBM for a blockchain project that digitises vendor financing for client Bajaj Electricals.

Paytm gets RBI nod for payments bank launch

/Innovation

Paytm gets RBI nod for payments bank launch

Indian mobile wallet giant Paytm has received the regulatory green light to begin operating one of the country's new wave of payments banks.

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Concardis partners with IAV to develop automotive marketplace

Payment service provider Concardis and IAV, one of the leading development partners for the automotive industry, will be presenting the Automotive Marketplace at the Consumer Electronics Show (CES) from 5 to 8 January 2017 in Las Vegas.

House of Fraser invests £35m in neobank Tandem

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House of Fraser invests £35m in neobank Tandem

A UK department store is making a multi-million pound investment in an app-only challenger bank in order to offer its shoppers an exclusive banking tool and payment method.

China launches $1.5bn fintech fund

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China launches $1.5bn fintech fund

A consortium of Chinese state-owned companies and private enterprises has created a $1.44 billion investment fund dedicated to fintech mergers and acquisitions.

/Innovation

Nigerian fintech scene expands

Africa has caught the world’s attention with its advancements in the financial technology (fintech) space and usage of mobile money.

Banks must convert to customer-centric models

/Innovation

Banks must convert to customer-centric models

Kanika Hope, Strategic Business Development Director, Retail & Corporate Banking, Temenos, speaks about how disruption is changing the structure of the retail banking industry and why legacy infrastructures in most banks are no longer fit for purpose.

Cyber terrorism: a defining issue of our time

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Cyber terrorism: a defining issue of our time

George Doolittle, Executive Vice President, Head of Global Payment Services, Wells Fargo, outlines how cybercrime should be tackled and how banks should be driving new technology.

Real-time payments encourage a rethink of banking

/Innovation

Real-time payments encourage a rethink of banking

Paris F. Roselli, Senior Vice President, Digital & Telephone Banking & Payments Strategy, M&T Bank, discusses how fintech is impacting digitalisation, and how banks can leverage data and real-time payments.

Fintech is a maturing teen, banks are the parent

/Innovation

Fintech is a maturing teen, banks are the parent

Paul Thomalla, Senior Vice President Global Corporate Relations & Development, ACI Worldwide, discusses how the payments industry has changed in 2016: how fintech has disrupted banking, the progression of the blockchain picture, and how banks have digitalised.

/Innovation

BNP Paribas re-opens fintech accelerator

BNP Paribas has embarked on an Open Innovation and joint creation initiative with fintechs with a view to building the bank of tomorrow, the basic aim being to provide customers with an ever-more-satisfying and secure banking experience.

Finextra's 2016 in review

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Finextra's 2016 in review

As Finextra pulls the shutters down on 2016, we take a look back at our most popular news stories, videos, and community engagement activities over the course of the past year. The site will re-open for business on 3 January 2017.

/Innovation

Varo Money debuts Kasisto smart bot

Kasisto, a company that aims to transform consumer banking with conversational AI, and Varo Money, Inc. (“Varo”), a mobile-only banking start-up that will help consumers gain greater control of their financial lives, today announced a partnership whereby Kasisto’s KAI Banking platform will power “Val”, the new smart bot inside Varo’s mobile app.

Royal Canadian Mint joins Goldmoney blockchain platform

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Royal Canadian Mint joins Goldmoney blockchain platform

The Royal Canadian Mint is to allow transfers of gold bullion value stored in its vaults over a blockchain network run by Goldmoney Inc.

/Innovation

Lombard launches digital contract guide to lift the jargon from small print T&Cs

From today Lombard customers with new Unregulated Lease Purchase agreements will be the first to benefit from Nift, a new innovative product created in collaboration with venture development firm Prehype and NatWest. NatWest and Lombard are both part of RBS.

/Innovation

Mahindra Comviva launches chat bot for digital wallets

Mahindra Comviva, the global leader in providing mobility solutions, today announced the release of the new version of mobiquity Wallet which comes with an embedded chatbot to assist wallet consumers through their digital payments journey with their banks.

MetLife opens virtual reality channel

/Innovation

MetLife opens virtual reality channel

MetLife in India has launched a new customer service platform available only through a virtual reality headset.

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