Innovation

6692 articles tagged with this keyword

/covid-19

Covid crisis sparks innovation drive at UK banks

The Covid-19 crisis is spurring incumbent banks to shed costs and increase automation at speed, leading to surprising breakthroughs in agility and innovation nouse, according to a survey of 263 senior UK banking executives conducted by FT Focus on behalf of Appian.

/startups

Plug and Play selects eight startups for Fintech Europe programme

Fintech Europe, Plug and Play's fintech-focused innovation platform based out of Frankfurt, Germany, announced today the eight startups selected for its sixth batch.

/Innovation

Bank of America sets company record for patents filed and granted during first half of 2020

Bank of America today announced it has recorded the most patents filed and granted in the first half of any year in the history of the company.

/startups

OTP kicks off startup partner programme

Announced for the fourth time, OTP Group is looking for innovative startup partners as part of the OTP Startup Partner Program.

/cloud

How to combat payments fraud with machine learning in the cloud

Financial services customers are operating with faster speed and greater agility in the payments space, now more than ever with the incremental volume of card-not-present transactions, accelerated adoption of contactless payments, and new financing options at the point-of-sale, among other key trends.

/covid-19

Look beyond London for the UK fintechs that will lead post-Covid recovery

Echoing Prime Minister’s Boris Johnson pledge to 'double down on levelling up' the UK economy, Citi Bank’s Tony McLaughlin believes the country can become an even more friendly environment for fintech and should be looking outside “a small perimeter around Old Street”.

/startups

Fintech Frontier aims to make Cincinnati epicentre of innovation

In September and October, FinTech Frontier will present a series of virtual events featuring diverse “dream teams” of venture capitalists, founders and corporate champions to explore the future of fintech and showcase startups.

/startups

Alpha Bank invites applications for annual FinQuest competition

The innovative ideas, applications and technological solutions that will shape the digital future of the banking sector are being sought again this year by Alpha Bank, through the second international digital innovation competition, FinQuest.

/retail

BBVA builds gender-neutral global chatbot

BBVA has kicked against the trend to assign female voices to artificial intelligence assistants with the launch of Blue, a gender-neutral chatbot trained to answer customer's everyday banking queries.

/startups

ABN Amro joins with Techstars in startup hunt

ABN Amro is collaborating with Techstars in a search for new startups capable of transforming financial services for businesses and consumers.

/markets

BBVA trials quantum computing to optimise investment portfolio management

BBVA and Spanish startup Multiverse have run a proof-of-concept using quantum technologies to improve the process of dynamically optimising investment portfolios with market data.

/sustainable

Alipay Ant Forest, the catalyst for enabling citizen action towards carbon reduction

According to the Green Digital Finance Alliance (GDFA), by introducing nudging and incentives on digital platforms, there is potential for substantial behavioural change among digitally-savvy consumers. This can act as a springboard for scalable global climate change mitigation and reduce 8.6% of emissions from public transport.

/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.