Innovation

6692 articles tagged with this keyword

/security

Sibos 2020: A mindful shift to operational resilience is required in a post-Covid world

2020 has been a sharp reminder that unprecedented events can result in abrupt, yet long-term change and every industry must adapt to keep pace. The challenges facing banks are continuing to mount and financial institutions are being forced to deal with a deteriorating geopolitical environment, an explosion in cyber-crime and the expansion in regulatory oversight, as discussed in Sibos day three session ‘Risk management: The world of worries’.

/crime

Sibos 2020: Is 'Ransomware-as-a-Service' a symptom of innovation?

Drilling down into the biggest threats facing financial services during Covid-19, industry heavyweights provide their perspectives on the changing face of cyber threats and where our biggest vulnerabilities reside during day 3 of Sibos 2020.

/crypto

Sibos 2020: 'In a world of CBDCs, I am not sure what Swift would do' - David Birch

David Birch, author and financial services consultant, compares Swift to CB radio or Charlie's Angels, as an "affectionate tribute to the 1970s".

/payments

2010 revisited: Banks have learnt how to not leave their customers behind

As Sibos 2020 continues, we look back to some of the predictions and forecasts made in 2010 and pick through what other lessons can be learnt from the post-financial crisis world to inform strategy in the not dissimilar economic environment of today.

/wholesale

HSBC joins European quantum consortium

HSBC has joined a consortium of 12 European companies and research laboratories supporting a project to uncover potential applications of quantum computing.

/covid-19

Sibos 2020: World should have been prepared for the pandemic - Jamie Dimon

The world was not prepared for a global pandemic like Covid-19 but it should have been, according to Jamie Dimon, CEO of JPMorgan.

/payments

Idemia opens fintech accelerator for cards programme

In the context of a rapid transformation of the banking industry, IDEMIA, the global leader in Augmented Identity, supports FinTechs and neobanks with the launch of the Global Fintech Accelerator Card Program. This new program allows a rapid process from cardholder onboarding - to card issuance.

/regulation

FCA sets coronavirus challenge for new sandbox applicants

The Financial Conduct Authority has opened its sandbox to new financial applications capable of tackling challenges caused by the coronavirus pandemic.

/people

ING shakes up innovation office; Legrand steps aside

ING is to combine all of its disparate innovation programmes into a single dedicated unit, ING Neo, reporting directly to chief executive officer Steven van Rijswijk.

/wholesale

Client is king: How two US banks optimise tech execution

In anticipation of Sibos 2020, we zero-in on a key focus area that financial institutions across the payments landscape will be paying close attention to as technology becomes more complex, consumers more sophisticated, and margins ever-more slim. That is, getting the most out of technology investments by improving execution.

/payments

Amazon rolls out palm payment technology

Amazon has unveiled technology that lets shoppers at physical stores pay for their purchases by scanning the palm of their hands.

/payments

2010 revisited: Looking beyond the traditional negotiated financial crisis

As Sibos 2020 approaches, we look back to some of the predictions and forecasts made in 2010 and pick through what other lessons can be learnt from the post-financial crisis world to inform strategy in the not dissimilar economic environment of today.

/cloud

What will drive capital markets firms to migrate to cloud in 2020 and beyond?

Legacy infrastructure cannot keep pace with the continuous automation, changing regulatory demands, dynamic market conditions and growing customer expectations in the financial services industry today, particularly in capital markets. Firms have started to realise the opportunities that come with cloud, redesigning operating models and implementing cost-saving measures to increase efficiency.

/startups

Relaunched VC firm Mouro Capital leads $26m funding round

Mouro Capital, the $400 million successor fund of fintech-specialist Santander InnoVentures, has led a $26 million financing round including debt and equity in Uncapped, a company changing the way growing online brands fund marketing and inventory.

/startups

UK's Tech Nation announces latest fintech cohort

Thirty one UK scaleups have been selected to participate in the third cohort of Tech Nation's fintech programme.

/sustainable

EY: Sustainable goals in finance won’t be met with traditional behaviours

Financial services firms must evolve their mindsets to both manage risk effectively and to ensure that the industry meets sustainable goals, according to Sandy Trust, sustainable finance consulting lead at EY and deputy chair of the IFOA’s Sustainability Board.

/cloud

Finastra brings financial inclusion to developing markets in APAC

Finastra has announced plans around a range of initiatives which will enable its customers to accelerate through change, as well as creating positive outcomes for millions of people around the world. The move is part of the company’s ongoing innovation and open cloud platform strategy.

/inclusion

Finastra to prioritise tackling financial exclusion and SME funding issues

As part of its accelerated innovation mission and open cloud platform strategy, Finastra has set forth a plan to support nine million lives around the world and focus on resolving the SME funding gap, inequality in financial services and financial exclusion.

/wholesale

The fintech barbarians are no longer at the gate - they’ve been invited inside

The paradigm of challengers and incumbents should be revisited in the light of widespread collaboration between the two, according to Tony McLaughlin of Citi and Mike Massaro, CEO of Flywire.

/payments

Swift outlines strategy to expand beyond financial messaging

Interbank payment network Swift is to expand beyond pure-play financial messaging to offer member banks a range of transaction management services.