Innovation

6715 articles tagged with this keyword

/ai

Putin orders Russian bank to cooperate with China on AI

Sberbank, Russia’s largest financial institution, has been told to work with China on the development of AI-based services.

/payments

PalmPay and Jumia partner to develop Nigerian digital payment ecosystem

In an attempt to grow the use of the cashless economy, operator of Nigeria's most used mobile wallet PalmPay has partnered with African e-commerce giant Jumia.

/regulation

For Embedded Finance, Innovation & Compliance Can Work Hand in Hand

As we look to 2025, one area of Fintech focus that continues to gain interest is embedded finance. Renata Caine, General Manager, Banking as a Service, Green Dot Corporation, in a FinextraTV interview, shared her opinions on how this topic is evolving, as well supplying statistics on embedded finance’s investment trends from Green Dot’s own report. As a part of this conversation, Caine shares her belief that innovation is not at odds with compliance but hand in hand with it.

/ai

Thoughtworks partners with AWS to accelerate generative AI adoption

Thoughtworks, a global technology consultancy, has entered into a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to help enterprises implement generative AI (GenAI) solutions and tackle industry challenges in Asia Pacific.

/sustainable

Why sustainable finance needs more consistent policies

Following the 2022 Biodiversity Conference of Parties, the world has been trying to follow the ambitious Global Biodiversity Framework agreement. Recently, they reconvened for the COP16 event in Cali where the focus was on further agreements, resources and plans to ensure the GBF’s success by 2030. At the event, there were some successes and some pitfalls.

/payments

Red River Bank finds new payments provider in Allied

Allied Payment Network, Inc. (“Allied”), the industry leader in real-time, open-network payments solutions to banks and credit unions, today announced that Alexandria, LA based Red River Bank has selected Allied’s real-time payments solutions, which will integrate seamlessly with the bank’s Q2 Digital Banking Platform. Red River Bank was seeking a new payments provider that could consistently meet its high standards of service as they expand their digital money movement offerings.

/crypto

US explores feasibility of settlement network for multi-asset transactions

The proof-of-concept of what has been dubbed the Regulated Settlement Network (RSN) showcased the potential of shared ledger technology to upgrade multi-asset and cross-network transaction settlement for domestic users of US dollars and regulated securities.

/retail

Atome announces payment checkout partnership with Valiram in Singapore and Malaysia

Atome, Southeast Asia's leading digital financial services platform, is today announcing its payment checkout partnership with Valiram in Singapore and Malaysia.

/ai

NextGen: AI: AI’s impact on regulation, operational resilience and customer experience

With standards like the EU AI Act coming to the fore, and with the drive towards digital not slowing down, the last panel of the day discussed AI’s impact on regulation and customer experience.

/wholesale

B2B Procurement: Challenges and Opportunities for Innovation

Join FinextraTV as Romain Mialane, Direct to Corporate Lead, Visa, and Ritesh Jain, Business Head - UK and Europe Commercial Cards, Citi, explore Visa's recently commissioned market research on B2B procurement in Europe and the challenges and opportunities for innovation in this broader context of treasury. Further, the pair discuss how notable trends and patterns can lead to strategies to address emerging needs, such as Procure-to-Pay capabilities to streamline existing processes and reduce costs through consolidated software solutions or best of breed models. Educating viewers about the true definition of working capital, the conversation moves on to the role of treasury and suppliers and how the integration of enhanced transparency, advanced automation, and faster payment capabilities can bolster the relationships in the B2B procurement landscape.

/ai

NextGen: AI: Busting five AI myths

The next afternoon panel was moderated by Debi Bell-Hosking, with speakers consisting of Dr Janet Bastiman, chief data scientist, Napier AI; Stuart McDowell, UK CIO, Societe Generale; and David Tracy, head of data products, Smart Data Foundry.

/ai

NextGen: AI: Finding the right strategies to overcome AI limitations

The first afternoon panel discussed three of the major discussion points when it comes to AI: data, culture, and skills.

/ai

NextGen:AI: Legislation should facilitate UK AI development - Lord Holmes

Kicking off Finextra’s inaugural NextGen AI conference at Convene Sancroft in London, was Lord Chris Holmes of the UK House of Lords in his headline keynote titled: ‘AI in 2024: At the Edge’.

/markets

Robinhood: Bringing US Opportunities to a UK Audience

Growth is regularly on the mind of many companies, especially within the financial industry. It does, however, come with a multitude of potential risks and pitfalls. Robinhood, a trading and investing app based in the US launched in the UK earlier this year. In order to ensure their success, they approached the task with a growth mindset, but a local focus. As part of the Predict 2025 series, Finextra invited Robinhood’s UK president Jordan Sinclair to the virtual studio. Some of Sinclair’s key points were around greater global access to US information, a strong system of financial education and a customer-focussed process of development.

/ai

NextGen: AI – Join Finextra in London next week

Join us in London on 26 November to explore the current AI challenges, opportunities, and the future of AI in financial services.

/ai

Immediate Generative AI Use Cases in Banking and Financial Services

Roshan Shetty, BFSI & Public Services Head – Americas, Tech Mahindra and Michael Ruttledge, Chief Information Officer, Head of Enterprise Technology & Security, Citizens Bank, join FinextraTV to opine progress since ChatGPT was launched two years ago. Despite dominating headlines, only 6% of the banking, financial services and insurance industries have truly leveraged generative AI algorithms for business models, while 46% are merely passive observers. Work is being done in terms of concepts being considered and pilots being pushed through, but the reality – as the pair explain – is that these sectors are heavily regulated and change management and data privacy must be prioritised to ensure the appropriate guardrails are in place so that the industry can indeed move forward from this test and learn era of generative AI.

/ai

NextGen: AI – OpenAI, others facing delays with training new LLMs

Join us in London on 26 November to explore the current AI challenges, opportunities, and the future of AI in financial services.

/devops

UK Chancellor proposes pension and sustainable finance reforms

UK Chancellor Rachel Reeves detailed the financial services strategy launching in March 2025, which will focus on bolstering growth, developing fintech and sustainable finance sectors.

/ai

NextGen: AI – UK AI market poised to grow six-fold

Join Finextra at our inaugural London event at the end of November to redefine the role of AI in financial services and explore why the UK AI market is set to grow exponentially.

/Innovation

2024 Fraud Trends in Banking, Insurance, and Beyond

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