Latest Innovation News: Finextra Research

POSB combines contactless and wearables to teach kids financial management

Singapore's POSB has run successful trials of an in-school wearable and tech saving programme to help cultivate sensible savings and spending habits among young students.

25 October 2016

News/Innovation

China emerges as fintech powerhouse as UK dominance weakens

The UK's position at the centre of the fintech world is under threat as its top companies become overshadowed by Chinese giants, a new report from KPMG and H2 Ventures suggests.

25 October 2016

Company update/Innovation

Backbase partners with Envestnet/Yodlee

Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services, and Backbase, the omni-channel digital banking platform leader, are partnering via the Backbase Open Banking Marketplace.

24 October 2016

Company update/Innovation

Dassault names finalists for 3D fintech challenge

Dassault Systèmes has named the seven finalists that are participating in the 3D FinTech Challenge 2016, its fourth annual accelerator program in collaboration with senior finance executives, regulators and influencers to drive digital transformation and address regulatory requirements in the financial services industry.

24 October 2016

Company update/Innovation

Canadian regulator unveils OSC LaunchPad

The Ontario Securities Commission today unveiled OSC LaunchPad, the first dedicated team by a securities regulator in Canada to help fintech businesses navigate securities law requirements and accelerate time-to-market.

24 October 2016

Company update/Innovation

Toronto's Dream Payments wins global fintech challenge

Dream Payments, a leading financial technology (fintech) company that provides a cloud-based mobile payment platform for merchants and financial institutions, today announced it won first place at VentureClash, a global investment challenge for fintech and digital health companies held on Thursday, October 20, at Yale University in New Haven, Connecticut.

24 October 2016

Company update/Innovation

U Account launches Banking-as-a-Service platform

New current account competitor, U has launched its attack on the retail banking model today.

24 October 2016

News/Innovation

UBS names Stephens to spearhead blockchain projects

UBS has named its former Apac CIO Peter Stephens as head of blockchain, replacing Alex Batlin who jumped ship last week to join BNY Mellon.

24 October 2016

Company update/Innovation

Chain open sources distributed ledger platform

Chain, a provider of blockchain technology solutions, today released Chain Core Developer Edition, a free and open source version of its distributed ledger platform that enables organizations to issue and transfer assets on permissioned blockchain networks.

24 October 2016

Company update/Innovation

Lloyds Banking Group hosts digital banking summit with Age UK

On 20 October, Lloyds Banking Group with the help of Age UK London hosted 20 people aged between 50 and 70 at its Digital Banking headquarters in London to take part in an event designed to help build digital confidence and awareness.

24 October 2016

News/Innovation

CBA and Wells Fargo combine blockchain and IoT to revolutionise trade finance

Commonwealth Bank of Australia and Well Fargo are claiming a world-first interbank open account transaction using a blockchain and the Internet of Things for the shipment of goods across international borders.

24 October 2016

Finextra TV/Innovation

Community needs to act together on cyber

Alain Raes, Chief Executive, EMEA and Asia Pacific, Swift, reflects on the cyber discussion at Sibos and talks about the programme Swift is running to help banks, their counterparties and their wider communities to tackle the cyber threat collectively going forward.

24 October 2016

Company update/Innovation

Singapore and the Government of Andhra Pradesh sign fintech co-operation agreement

The Monetary Authority of Singapore (MAS) and the Government of Andhra Pradesh (GoAP) today signed a FinTech Cooperation Agreement to promote innovation in financial services in their respective markets.

24 October 2016

Company update/Innovation

Share.Credit Card and Warren win Money20/20 hackathon

The payment industry is experiencing an unprecedented amount of innovation and growth, and much of it will be on display at the annual Money20/20 conference in Las Vegas this week.

24 October 2016

News/Innovation

Synchrony Financial joins R3

Blockchain consortium R3's mission to extend its membership base across the full spectrum of financial services has been boosted by the arrival of US consumer finance outfit Synchrony Financial to its roster.

24 October 2016

News/Innovation

Mizuho opens Tokyo innovation lab

Japan's Mizuho is the latest banking giant to set up an innovation lab as it bids to nurture a fintech ecosystem and build up relationships with startups.

24 October 2016

News/Innovation

Visa treads on Swift's toes with blockchain pilot for high value payments

Visa is working with blockchain outfit Chain on the development of a near real-time funds transfer system for high value bank-to-bank and corporate payments.

21 October 2016

Company update/Innovation

Kenyan and Australian regulators sign fintech innovation alliance

The Capital Markets Authority of Kenya (CMA) and the Australian Securities and Investments Commission (ASIC) today signed a Co-operation Agreement which aims to promote innovation in financial services in their respective markets.

21 October 2016

Company update/Innovation

CVS Pharmacy takes CVS Pay nationwide following successful pilot

CVS Health (NYSE: CVS) today announced the national rollout of CVS Pay, an end-to-end mobile payment solution at CVS Pharmacy.

21 October 2016

Finextra TV/Innovation

Blockchain won’t be as disruptive as people think

Cian Burke, Head of Securities Services, HSBC discusses why big data and data analytics still dominate conversations, and the effect distributed ledger technology may have on post-trade and operations.

21 October 2016