Innovation

6660 articles tagged with this keyword

/startups

Deutsche Bank opens applications for second Female Fintech Competition

Deutsche Bank has joined forces with Atos, Google and TechQuartier to launch the second Female FinTech Competition.

/payments

Icici applies satellite imaging to rural credit scoring

India's Icici Bank is using satellite imaging to assess the creditworthiness of farmers applying for loans.

/retail

Monzo, Starling and the lessons for challengers post-Covid

Recent weeks have brought news of differing fortunes for two of the UK’s flagship digital challenger banks. With Starling confidently announcing it would break even by the end of 2020, Monzo has described “the significant doubt” that Covid-19 had cast on the bank’s ability to continue.

/covid-19

Starling: Two thirds of UK SMEs optimistic about Covid-19 recovery in 2021

According to a survey of over 300 UK SMEs conducted by Starling Bank and the Great British Entrepreneur Awards (GBEA), 68% of small to medium-sized businesses believe they will return to pre-Covid levels of success in early 2021.

/wholesale

Moroccan CIH Bank automates corporate banking services with Finastra

Finastra has announced that CIH Bank, a Moroccan-based commercial bank, has gone live with Fusion Corporate Channels and Fusion Trade Innovation, to digitize its end-to-end corporate banking services. The solutions are automating the bank’s trade and supply chain finance services, providing its corporate customers with access to services online, rather than in-branch. The solutions reduce manual processes, helping the bank to become more efficient and agile, grow its customer base by providing a more seamless digital customer experience and ultimately, generate new revenue streams.

/payments

Mastercard and AlRaedah Finance launch payment solutions for SMEs in Saudi Arabia

Mastercard has signed a Memorandum of Understanding (MoU) with AlRaedah Finance, to launch a unique ‘SME in a Box’ payment solution for small and medium sized businesses (SMEs) in the Kingdom of Saudi Arabia.

/regulation

Bank of Lithuania: Progress of financial innovations requires equal treatment at EU level

In response to the European Commission’s consultations on the development of the digitalisation of financial services in Europe, the Bank of Lithuania proposes to apply uniform regulation throughout the European Union (EU), following a technologically neutral approach, and applying smart supervisory solutions more widely.

/startups

Discerning the impact of Covid-19 on fintech firms and their role in financial inclusion

While the fintech industry is still evolving, the evidence so far indicates that it has a key role to play in financial inclusion, according to Ana Fiorella Carvajal, lead financial sector expert at World Bank. This role comprises not just the provision of basic services, such as payments mechanisms, but more recently also the provision of financing to consumers and SMEs.

/startups

InvestHK to run fintech Fast track programme

Invest Hong Kong is to run a Global Fast Track programme to plug the best and brightest fintech startups directly into the territory's financial ecosystem.

/inclusion

RBI plans offline digital payments pilot, sets up innovation hub

The Reserve Bank of India is prepping an offline digital payments pilot to encourage the migration from cash in rural areas that lack internet connectivity.

/startups

Worldline invites entries for e-payments challenge

Worldline [Euronext: WLN], the European market leader in payment and transaction services, is proud to announce it will be hosting the third edition of its e-Payments Challenge, to take place in an innovative fully virtual format for the first time ever on 17-18 September 2020.

/retail

Singapore establishes Asian Institute of Digital Finance

The Monetary Authority of Singapore is to set up a specialist research institute to groom the next generation of fintech leaders.

/retail

Mizuho, MUFG join Japanese quantum consortium

Today, IBM (NYSE: IBM) and the University of Tokyo unveiled a landmark collaboration with the launch of the Quantum Innovation Initiative Consortium (QIIC).

/wealth

BBVA enlists Fujitsu for quantum computing trials

Fujitsu today announces that it is collaborating with BBVA, Spain’s second largest bank, on a proof of concept (PoC) of its quantum-inspired optimisation solution Digital Annealer1.

/payments

India's NPCI collaborates with Apix on fintech innovation

National Payments Corporation of India (NPCI) said that it has partnered with APIX, a FinTech collaboration platform setup by AFIN, at the first-of-its-kind virtual Global FinTech Fest 2020.

/sustainable

Coordinating ESG solution ideation for investment and asset management

In June 2020, Finextra Research welcomed industry experts to Sustainable Finance Live, the first virtual interactive workshop to discuss how financial services firms and technology companies can achieve the UN’s Sustainable Development Goals (SDGs) by 2030.

/startups

Mission-driven US investors doubling down on financial health value propositions

Supporting financially stressed customers has become problematic as more and more people experience uncertain income reduction, triggered by the coronavirus pandemic. Emmalyn Shaw, managing partner at Flourish Ventures, a $500 million mission-driven and fintech-focused venture capital firm, highlights to Finextra Research that despite prolonged economic prosperity in the lead up to 2020, the majority of Americans were living month to month and only 29% of US consumers were financially healthy.

/cloud

RBC moves AI unit to new private cloud platform

Royal Bank of Canada has moved applications under development at its artificial intelligence research unit Borealis AI to a high-performance private cloud infrastructure with support from Red Hat and Nvidia.

/retail

Russia's VTB Bank launches 'robot factory'

Russia's VTB Bank has launched a 'robot factory', with plans to roll 250 digital employees off the production line by the end of 2022.

/wholesale

Deutsche Bank introduces Blue Bot 'Yi' to corporate customers in China

Deutsche Bank's corporate bank in China has unveiled its new customer-facing digital employee, Blu Bot Yi, charged with handling client's financial reports.