Innovation

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Plum raises another $3m and launches on Android

/Innovation

Plum raises another $3m and launches on Android

Closing a second round of funding with a $3 million investment, AI powered smart savings app Plum now boasts a total lifetime investment of $9.3 million.

The CIO’s blueprint for streamlining digital business agreements

/Innovation

The CIO’s blueprint for streamlining digital business agreements

80% of financial institutions will become irrelevant by 2030 due to their inability to compete with digitally-savvy rivals, according to research by Gartner.

/ai

Italian Banking Association opens AI hub

In an effort to share knowledge and experience from across the banking sector, ABI Lab, the banking research and innovation centre promoted by the Italian Banking Association (ABI), has created a new Centre of Expertise on Artificial Intelligence, the Artificial Intelligence Hub (AI Hub).

Research highlights the work that robo-advisers still have to do

/Innovation

Research highlights the work that robo-advisers still have to do

Research by wealthtech provider, Nucoro, shows that only 8% of people believe a robo-adviser would provide the best returns on their money.

The convergence of consumer and corporate product expectations

/Innovation

The convergence of consumer and corporate product expectations

Bradley Garfield, Head of Commercial Cards Product & Brian Grech, Head of Consumer Payables Sales, Bank of America, speak at Money 20/20 USA about their approach to managing the proliferation of payments of choices, some of the new trends around innovation and how the convergence of consumer and corporate product expectations is shaping up.

/devops

Offline payments app wins Temenos Innovation Hackathon

Temenos (SIX: TEMN), the banking software company, today announced the winners of the largest Temenos Innovation Hackathon to-date, which used the extensive ecosystem of open APIs available on its Developer Portal.

De-risking sustainable reporting of commercial banking data

/sustainable

De-risking sustainable reporting of commercial banking data

While the Sustainable Development Goals (SDGs) set by the United Nations General Assembly for 2030 are ambitious, the financial services industry will play a crucial role in supporting countries with implementing new approaches to build momentum and accelerate progress.

/Innovation

HKMA forges blockchain pact with People's Bank of China; works on CBDC exchange with Thailand

The HKMA used Hong Kong Fintech Week to highlight a series of initiatives aimed to foster the fintech ecosystem in Hong Kong.

YES Bank launches sandbox housing 50 bank APIs

/Innovation

YES Bank launches sandbox housing 50 bank APIs

India's YES Bank has laid claim to the launch of the country's largest developer platform, housing an array of 50 APIs for use by third parties.

HSBC claims hyper-personalised banking will be driven by digital ID

/retail

HSBC claims hyper-personalised banking will be driven by digital ID

A new report from HSBC reveals that the traditional products-based approach in retail banking will be replaced by hyper-personalised services, where customer personal data will be collated to form a central digital ID.

/Innovation

ABN Amro exchanges blockchain knowledge at trade mission to Singapore

How can we work together with other banks and public organisations to detect financial crime?

/Innovation

Benoît Cœuré to head BIS Innovation HUB

The Board of Directors of the Bank for International Settlements (BIS) on Sunday appointed Benoît Cœuré as Head of the new BIS Innovation Hub, set up to foster international collaboration among central banks on innovative financial technology.

/startups

Singapore Fintech Association and Indian Chamber of Commerce agree fintech pact

Singapore Fintech Association (SFA) and the Federation of Indian Chambers of Commerce and Industry (FICCI) today inked a partnership agreement to share information about FinTech and collaborate on mutually beneficial initiatives that would further the development of the FinTech industry in both countries.

/startups

MAS selectes 20 finalists for 2019 Global Fintech Hackcelerator

The Monetary Authority of Singapore (MAS) announced today the 20 finalists for the Global FinTech Hackcelerator.

/Innovation

First cross-border fintech programme between India, Greater China and South East Asia launches

FT Slingshot, a new programme for Indian FinTechs, has launched at Hong Kong FinTech Week.

/Innovation

BNP accelerator doubles floor space

BivwAk! supports the transformation and ongoing development of BNP Paribas through a unique set of resources to help entities, teams and employees bring their projects to life, take an active part in their own future, and deal with the complexity of their ecosystem.

Will trust woes undermine Open Banking under PSD2?

/Innovation

Will trust woes undermine Open Banking under PSD2?

In a roundtable discussion held Wednesday in London hosted by digital payments firm PPRO, industry leaders met to explore the impact PSD2 has imposed on key players in Open Banking and the changes needed to achieve the regulation’s objective in 2020 and beyond.

Disrupting from within: MUFG Union Bank's mindset

/Innovation

Disrupting from within: MUFG Union Bank's mindset

Pierre P. Habis, President, PurePoint Financial, Head of Consumer Banking, MUFG Union Bank, speaks at Money 20/20 about the Innovation Lab PurePoint Financial open to the public, the lesson that have been learnt from building the business, the challenges around building a hybrid culture and the mindset needed to disrupt from within.

FATF zeroes in on digital ID as key to AML compliance

/regulation

FATF zeroes in on digital ID as key to AML compliance

Issuing a draft Guidance Paper last week, the Financial Action Task Force (FATF) urges financial institutions to ready themselves for the impending global expansion of digital identification systems.

DBS launches hybrid robo-advisory wealth management service

/Innovation

DBS launches hybrid robo-advisory wealth management service

DBS has developed a hybrid human-robo investment service which is now available to customers in its native Singapore.

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