Latest Innovation News: Finextra Research

Industry heavyweights establish Alliance to modernise financial regulation

Co-founded by Jo Ann Barefoot, former deputy comptroller of the currency and David Ehrich of fintech credit card startup, Petal, The Alliance for Innovative Regulation (AIR) has been launched to help regulatory agencies deal with the technological challenges posed by fintech innovation.

01 November 2019

Company update/Innovation

BNY Mellon joins Asean Financial Innovation Network

BNY Mellon, a global leader in investment management and investment services, is reaffirming its commitment to being a leader in Singapore’s vibrant and emerging fintech and innovative technology environment.

01 November 2019

Company update/payments

Wirecard joins working group on autonomous vehicles

Wirecard, the global innovation leader for digital financial technology, is once again demonstrating its pioneering spirit by forming a strategic partnership with mobility visionary Rinspeed together with other companies such as SAP, DEKRA, Zurich Insurance and Osram.

01 November 2019

Company update/startups

National Bank of Canada launches Innovation Competition

National Bank is launching the Innovation Competition, a large-scale challenge that will bring together Canadian fintech startups, students and other teams of individuals from across Canada.

31 October 2019

Company update/Innovation

Accenture, SAP and R3 build currency token prototype for connecting RTGS to Corda blockchain

Accenture (NYSE: ACN), SAP SE (NYSE: SAP) and R3 are collaborating and co-innovating to build a real-time gross settlement system that will enable faster, more efficient, reliable and secure payments between banks and customers.

31 October 2019

News/Innovation

Nutmeg expands human-led service in ongoing bid for profitability

Nutmeg's head of advice Lisa Caplan has spoken to Finextra about the continued expansion of its digital wealth management offering beyond the automated investment platform for which its known.

31 October 2019

News/Innovation

Modulr invests £20m in Scottish fintech

SME payments outfit Modulr is to invest the best part of £20m in the Scottish fintech industry, in the process creating 53 new jobs and nurturing new technology talent.

30 October 2019

News/Innovation

Walmart and Green Dot establish shopping and fintech accelerator

Walmart and Green Dot are to create an accelerator for startups sitting at the intersection of retail shopping and consumer financial services.

30 October 2019

News/security

Money 20/20: Fusion centres are the future of fraud prevention

Security executives have a bigger seat at the table when making product decisions in the world of faster payments and online account origination. At Money 20/20 USA, industry experts discuss how technical knowledge and business issues need to be married to truly meet the realities of digital transformation and prevent fraud.

29 October 2019

News/retail

Retail banks losing the race to challengers in the last mile

Capgemini and Efma's World Retail Banking Report (WRBR) released today finds that consumers are increasingly choosing challenger banks due to poor customer service in the 'last mile' of service delivery from high street incumbents.

29 October 2019

News/Innovation

Tracking Bitcoin's highs and lows

The volatile nature of bitcoin trading has been brought into the spotlight by recent sharp rises and falls in the cryptocurrency after Mark Zuckerberg's grilling in Congress was countered by positive sentiment from China about blockchain and a future central-bank backed currency.

29 October 2019

News/Innovation

Nationwide invests in energy switching startup

Nationwide is to buy a stake in energy switching company Switchd, adding to the panoply of peripheral fintech startups in the building society's £50 million Venture Fund portfolio.

29 October 2019

News/Innovation

Money 20/20: Banks can be creepy, as long as they personalise services

John Thomas, head of enterprise, innovation & strategic business architecture at TD Bank showcases his expertise on how to leverage data to synthesise the customer experience while at the same time, remaining hyper-relevant in the banking sector at Money 20/20 USA in Las Vegas.

29 October 2019

News/Innovation

Money 20/20: Calibra head claims Libra AML efficacy higher than other payment networks

While Libra, the global currency governed by the Libra Association, has unveiled a plethora of opportunities for trailblazers to disrupt financial infrastructures, the project has been questioned around trust and regulation.

29 October 2019

Finextra TV/Sibos

Taking open banking beyond compliance

Tino Kam, head of transaction banking solutions, Nordea, speaks with Finextra about how banks can keep sight of their core objectives in the context of complex advancement in payments technology, the Nordea open-banking platform offering, and how banks should differentiate and decide between the best ecosystems in which to participate.

28 October 2019

Company update/startups

Mastercard bundles startup programmes under Accelerate brand

Mastercard today launches Mastercard Accelerate, a global initiative that simplifies the way that Mastercard works with fintechs, giving them access to everything they need to grow quickly.

28 October 2019

Company update/Innovation

Fintech North heads to Liverpool

Hot on the heels of September’s sold-out inaugural Newcastle conference, FinTech North will be making its way to Liverpool for another full-day FinTech event.

28 October 2019

Company update/Innovation

Tommy Marshall named Georgia FinTech Academy exec director

The University System of Georgia named digital financial services leader Tommy Marshall executive director of the Georgia FinTech Academy effective October 21.

25 October 2019

News/Innovation

Fintechs must ‘sell simplicity’ to carve out competitive advantage

Where selling trust with a brand was once the key point of distinction for effective marketing in the fintech space, streamlining user experience through product simplicity now leads the way in superior branding strategy.

25 October 2019

Company update/startups

Japan's Credit Saison creates VC for investment in overseas fintech startups

Credit Saison Co., Ltd. (Tokyo Stock Exchange First Section (8253); Head Office: Toshima-ku, Tokyo; President and COO: Masahiro Yamashita; hereinafter “Credit Saison”) established Saison Capital Pte. Ltd. (hereinafter “Saison Capital”) in Singapore. Saison Capital is a company focused on financing of and investment in early-stage startup companies outside Japan.

25 October 2019