Latest Innovation News: Finextra Research

P3V closes fintech venture fund

Adam Felesky and Paul Desmarais III today announced the closing of a new fund, Portag3 Ventures ("Portag3"), focused on the financial technology sector.

17 October 2016

Finextra TV/Innovation

No real clarity on API projects in Europe

David Bannister, Principal Analyst, Financial Services Technology, Ovum, outlines the progression of blockchain in the last year, and where APIs and immediate payments fit in.

17 October 2016

News/Innovation

Bank of Ireland-mentored startup Plynk raises seed funding

Bank of Ireland has participated in a EUR725,000 seed funding round for Dublin-based social payments outfit Plynk following a 15-month development internship at the Irish bank's startup workspace.

17 October 2016

Finextra TV/Innovation

Swiss fintechs think before they shoot

Alexandre Gaillard, Invest Glass, discusses the fintech scene in Switzerland, and how artificial intelligence fits into the industry.

17 October 2016

Finextra TV/Innovation

Faster payments are taking over

Craig Saks, Group President, Strategic Products, ACI Worldwide and Paul Stoddart, Managing Director, Strategy, Products, Marketing & Business Development, VocaLink, discuss the faster payments space, and how the industry needs to respond to any challenges and opportunities that may arise in the future.

14 October 2016

Finextra TV/Innovation

Blockchain is an enabler, not a disruptor

Gautam Jain, Global Head, Digitisation & Client Access, Transaction banking, Standard Chartered, speaks about how the role of fintech is continuously evolving, and how blockchain can change the industry.

14 October 2016

Company update/Innovation

Thomson Reuters opens Cape Town innovation lab

Thomson Reuters announced today the launch of Thomson Reuters Labs™ – Cape Town. The Lab will see Thomson Reuters engage with the region's vibrant innovation ecosystem and dynamic startup community to fuel growth and empower success for Thomson Reuters customers worldwide.

14 October 2016

News/Innovation

ABN Amro enlists startup liaison to talk to entrepreneurs

ABN Amro has moved to improve the way it serves startups by appointing a liaison from outside the bank to work with firms at a new Google-backed tech quarters in Amsterdam.

14 October 2016

Company update/Innovation

FinTech Atlanta to rock the house at Money20/20

A delegation of nearly 200 Georgia-based financial technology (FinTech) and financial services (FinServ) professionals will attend Money 20/20, the world’s largest payments and financial services innovation event, from Oct. 23-26 at The Venetian in Las Vegas.

13 October 2016

Company update/Innovation

BT and Toshiba open quantum security showcase

BT and Toshiba today opened the UK’s first secure quantum communication showcase at BT’s research and development centre in Ipswich.

13 October 2016

News/Innovation

Lloyds bends reality for graduate intake

Lloyds Banking Group is to use virtual reality technology to test the mettle of its 2017 graduate intake, placing candidates in a computer-generated simulation to assess their reactions.

13 October 2016

News/Innovation

BNP Paribas uses fitness bands and AI to measure employee stress levels

Hundreds of BNP Paribas employees have taken part in a pilot that saw them wear Microsoft Band 2s that gathered biometric data to measure their stress levels.

13 October 2016

News/Innovation

Fed paying close attention to 'significant' blockchain

Distributed ledger technology may be the "most significant development in many years" for payments, clearing and settlement, according to a Federal Reserve governor who says that the central bank will publish its own blockchain paper later this year.

12 October 2016

News/Innovation

Emirates NBD and Icici demo blockchain application for trade finance

Emirates NBD and India's Icici Bank have successfully completed a pilot project to deploy a permissionable blockchain for international remittances and open account trade finance transactions.

12 October 2016

News/Innovation

Funderbeam raises $2.6 million to propel startup financing

A blockchain-based startup for trading in growth companies founded by former Nasdaq Tallin stock exchange head Kaidi Ruusalepp has raised $2.6 million in a funding round led by Draper Associates, Thomson Reuters, and IQ Capital.

12 October 2016

News/Innovation

Wells Fargo forms payments and digital group

Wells Fargo has created a payments, virtual solutions and innovation group led by 23-year bank veteran Avid Modjtabai.

12 October 2016

Company update/Innovation

Six commerce startups selected to participate in SVB/MasterCard accelerator

Silicon Valley Bank and Mastercard have selected six startups to participate in Class 5 of Commerce.Innovated., a virtual accelerator designed to help commerce, payments and fintech startups grow their businesses.

12 October 2016

Finextra TV/Innovation

Banking will be a funky place to work in two years

Erik Zingmark, Co-Head of Transaction Banking, and Patrik Havander, Head of Strategy & Communication, Transaction Banking, Nordea, outline the role of digitalisation in banking, how open banking can help financial institutions to stay relevant, and how collaboration with fintechs should be carried out.

12 October 2016

News/Innovation

Former HSBC/Citigroup executive joins Crowdcube as chairman

Crowdcube has named former Citigroup and HSBC executive Simon Williams as chairman, hailing the appointment - and an investment by Williams in the business - as a clear indication that equity crowdfunding has moved into the mainstream world of finance.

12 October 2016

Company update/Innovation

FIA announces finalists in fintech innovator competition

FIA announced five finalists for the Meet the Innovators competition at the Futures and Options Expo in Chicago on Oct. 18-20.

12 October 2016