Innovation

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Swiss crypto firm launches university courses

/crypto

Swiss crypto firm launches university courses

Swiss crypto bank Seba has sought to address the potential skills gap in emerging technology by launching a blockchain-themed university education course.

Sustainable Finance Live: How investment opportunities can transform the greenhouse gas landscape

/sustainable

Sustainable Finance Live: How investment opportunities can transform the greenhouse gas landscape

Finextra Research and ResponsibleRisk today hosted Sustainable Finance Live, the first virtual workshop in series of events designed to create actionable ESGtech strategies and build an ecosystem of partnerships that will turn strategy into reality.

HSBC launches AI-powered equity index family

/markets

HSBC launches AI-powered equity index family

HSBC has teamed up with IBM Watson and artificial intelligence specialist EquBot to launch equity index products powered by AI and big data.

Banks worldwide warm to Open Banking

/retail

Banks worldwide warm to Open Banking

Research conducted among 774 banks worldwide reveals that 86% of global banks are looking to use APIs to enable Open Banking capabilities in the next 12 months.

/startups

VTB and Skolkovo Foundation form IT partnership

VTB Bank and the Skolkovo Foundation have signed a partnership agreement in the information technology sector.

/people

BIS appoints Bénédicte Noella Nolens from SC Ventures to run HK innovation hub

The Bank for International Settlements (BIS) today announced the appointment of Bénédicte Noella Nolens as head of the BIS Innovation Hub Centre in Hong Kong SAR for a three-year term from 1 July 2020.

/startups

Credit Kudos joins PwC fintech ecosystem

Credit Kudos is today announced as one of the key Fintechs working together with PwC to build the digital banking ecosystem sandbox platform – a PwC project to demonstrate the ease of shifting a legacy bank model to a partnership banking model.

Santander looks ahead to post-Covid innovation

/startups

Santander looks ahead to post-Covid innovation

Looking ahead to a world transformed by the Coronavirus outbreak, Banco Santander has launched the X Tomorrow Challenge to fund entrepreneurial projects dealing with the post Covid-19 fallout.

/startups

Bank of America signs on as founding corporate sponsor of SciTech Scity Innovation Campus

Liberty Science Center (LSC) announced today that Bank of America has signed on as a Founding Corporate Sponsor of SciTech Scity, LSC’s planned 30-acre innovation campus that will launch and grow dozens of world-changing science and technology companies and reimagine K-12 science education.

/startups

Wells Fargo Innovation Icubator ramps up funding for cleantech startups

The Wells Fargo Innovation Incubator (IN2) today announced that it has accelerated its awards program to provide $900,000 to help cleantech and sustainable agriculture startups retain staff and stay on track to bring their potentially game-changing solutions to market in the face of impacts due to COVID-19.

/devops

Kings College London scoops financial app competition prize

The Investing and Saving Alliance (TISA), the UK’s cross-industry financial services membership body, has announced the winners of its Savings Culture Marketing Competition for university students, a pilot initiative aimed at strengthening the UK’s savings culture through technology-driven solutions.

/startups

Visa boasts of fintech Fast Track success

Fintechs are a central part of the global payments ecosystem, and amidst COVID-19 have launched further into the spotlight, reporting sizable upticks in the usage of their apps1, as more people manage their money from their personal devices.

/retail

Bank of America funds data analytics lab at Converse College

Bank of America has awarded $145,000 to Converse College in support of the college’s new data analytics program.

/retail

Thought Machine’s creative arm, Cauldron, partners with design studio ustwo

Thought Machine’s internal design studio, Cauldron, has announced a partnership with ustwo to combine their individual strengths and experience and bring them to bear in financial services and banking innovation.

/payments

Contactless payment ring provider K Wearables migrates to Moorwand for issuing services

Moorwand, a BIN sponsor, issuer and acquirer that transforms compliance into an enabler of innovation, today announced that it has been selected by wearables payment company, K Wearables, to provide issuing, BIN Sponsorship and digital banking services for its innovative contactless payment ring.

G20 TechSprint Initiative invites firm to tackle regulatory challenges

/regulation

G20 TechSprint Initiative invites firm to tackle regulatory challenges

The Saudi G20 Presidency and the Bank for International Settlements (BIS) Innovation Hub are launching a virtual hackathon-style competition to find new technological ways to tackle financial regulatory compliance and supervision challenges.

Trust remains integral to acceptance of AI by UK consumers

/security

Trust remains integral to acceptance of AI by UK consumers

In response to the European Commission’s strategy for data released in February, Vikram Khurana, senior associate, Bristows LLC argues that “The EC is saying trust needs to be the bedrock of AI. If the industry can tackle this issue and build trustworthy AI systems, AI is more likely to be accepted and taken up by businesses and individuals.”

FIS sets up $150 million fintech venture fund

/startups

FIS sets up $150 million fintech venture fund

Financial technology company FIS has set up a venture arm with a goal of investing up to $150 million in promising fintech startups over the next three years.

Sustainable Finance Live to go virtual

/sustainable

Sustainable Finance Live to go virtual

Sustainable Finance Live, the series of workshops hosted by Finextra Research and Responsible Risk, is becoming a virtual event in response to the Coronavirus pandemic.

Singapore central bank backs Tradeteq quantum credit scoring project

/wholesale

Singapore central bank backs Tradeteq quantum credit scoring project

London-based Tradeteq has received funding from Singapore's central bank on a project to develop quantum computing-based credit scoring methods for companies.

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