Latest Innovation News: Finextra Research

Rumours swirl about JPMorgan interest in 10X and London skunkworks project

JPMorgan is on the cusp of making a sizeable equity investment in 10x Future Technologies, the fintech startup founded by former Barclays boss Antony Jenkins.

27 June 2019

News/Innovation

BBVA sets up 'AI Factory'

BBVA has set up an 'AI Factory', housing over 150 data scientists, engineering and departmental heads to create a global hothouse for smart, data driven technology development.

27 June 2019

News/Innovation

ABN Amro explores the security applications of quantum technology

ABN Amro is joining forces with a Dutch university and a scientific research organisation to investigate how quantum technology could help guarantee the security of mobile and online banking.

27 June 2019

Finextra TV/Innovation

The impact of Citi's venture investing on the fintech industry

Luis Valdich, Managing Director & Venture Investing Lead, Citi Ventures, speaks to Hannah Wallace, Finextra, at Money 20/20 Europe about the importance of investing in fintech for the industry, how Citi's venture investing is having an impact on the fintech industry and whether there will be enough room for all players to coexist in harmony in the future.

26 June 2019

Finextra TV/Innovation

Achieving a smart in-stream digital experience

Santosh Tripathy, Practice Lead, SmartStream Technologies & Pritesh Kotecha, SVP EMEA, SmartStream Technologies, speak at Money 20/20 Europe about the best approach to innovation in a competitive marketplace, what ecosystem players need to take into consideration going forward and how this space is likely to evolve in the future.

25 June 2019

News/Innovation

P27 selects Mastercard as Nordic payment infrastructure partner

Nordic bank-backed P27 has struck a deal with Mastercard to provide the underlying infrastructure for its real-time, cross-border payment project.

25 June 2019

Finextra TV/Innovation

What's keeping the CEOs up at night today

Claire Calmejane, Group Chief Innovation Officer, Société Générale, speaks to Hannah Wallace, Finextra at Money 20/20 Europe about the change in the industry around fintech engagement, what opportunities and challenges we are seeing rise from the partnership value chain and what will be keeping CEOs up at night in the next few years.

25 June 2019

Company update/startups

Stone & Chalk to open Adelaide outpost, expands into spacetech

Asia’s largest fintech innovation hub, Stone & Chalk, is partnering with the South Australian Government to establish a start-up hub at Lot Fourteen, the largest innovation precinct in the Southern Hemisphere on the seven-hectare former Royal Adelaide Hospital site.

25 June 2019

Company update/startups

Mena Fintech Association launches

MENA Fintech Association (MFTA), an inclusive, not for profit organization that aims at fostering an open dialogue for the MENA fintech community, formally launched yesterday at an exclusive event held at Abu Dhabi Global Market (ADGM).

24 June 2019

Finextra TV/Innovation

Understanding the intricacies of blockchain

Lasse Meholm, Head of Blockchain & DLT Strategy - IT at DNB, speaks at Money2020 Europe about the use cases he's seeing with blockchain and DLT, what challenges financial institutions face when incorporating blockchain and what the best approach is around these obstacles.

24 June 2019

Finextra TV/Innovation

Why collaboration is the new innovation and the role of the treasury

Gulru Atak, Global Innovation Lead for Treasury & Trade Solutions at Citi, speaks about the collaboration as the new innovation, the impact of AI and ML on the corporates, how Citi is approaching the new platform business model and how the treasury department help banks through innovation challenges.

24 June 2019

News/Innovation

Carney positive on Facebook's Libra; says BofE could open up balance sheet to new players

Facebook's new digital currency, Libra, could "substantially improve financial inclusion and dramatically lower the costs of domestic and cross border payments," Bank of England governor Mark Carney has said in a speech during which he also revealed the central bank could open up access to its balance sheet to new payment providers.

21 June 2019

News/Innovation

NAB pledges $1.4bn funding for Aussie tech sector

National Australia Bank (NAB) is to commit AUS$2bn ($1.38bn) to support Australia's technology sector.

20 June 2019

Company update/Innovation

JP Morgan launches cross-border digital payments in China

The leading global financial institution J.P. Morgan today announced the launch of E-Customs Payment Solution, making it the first foreign bank in China to offer a solution that fully digitizes and automates cross-border payments of goods. The solution solves common pain points associated with the manual nature of such transactions.

20 June 2019

News/Innovation

EBAday 2019: Bleckwen scoops Fintech Zone prize

After two days of live pitches from 15 cutting-edge fintech startups from across Europe and beyond, Bleckwen has been named the 2019 EBAday Fintech Zone best in show winner and will receive promotional and educational services from Finextra and the EBA.

19 June 2019

News/Innovation

Regulators and politicians respond to Facebook's crypto plans

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.

19 June 2019

News/payments

EBAday 2019: Is cashless across Europe attainable?

The message is clear at EBAday 2019: Sweden does not accept cash. While the ABBA Museum may prefer card or mobile payments, Frantz Teissedre, head of interbank relationships at Société Générale, believes that a purely cashless society across Europe may be ambitious.

19 June 2019

Company update/Innovation

CISI and MThree partner for fintech graduate programme

Global consultancy MThree has agreed a partnership with the Chartered Institute for Securities & Investment (CISI) which will support the UK financial services professional talent pipeline.

19 June 2019

News/Innovation

Live: EBAday 2019, day two

Payments professionals from across Europe are gathering in Stockholm this week for EBAday 2019, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

19 June 2019

News/Innovation

UK fintech salaries on the rise - report

Jobs in the UK's fintech sector have grown by 61% in the last year while demand for skilled workers has seen salaries rise by as much as 25% according to a recently published report.

18 June 2019