Latest Innovation News: Finextra Research

Synapse raises $33 million to build the 'AWS of banking'

Synapse, a San Francisco-based startup aiming to become the 'AWS of banking', has raised $33 million in a Series B funding round led by Andreesson Horowitz fund a16z.

10 June 2019

Company update/devops

DBS seeks paradigm shift from global hackathon

DBS Bank today announced the launch of a global hackathon that has attracted over 1,000 participants across 25 markets including Brazil, Germany and the US. Called Paradigm Shift, the hackathon focuses on building a customer-centric approach to developing new cutting-edge services for today’s digitally-savvy customers.

10 June 2019

Finextra TV/Innovation

Developer Day at FusionONE stirs excitement among the users

Finextra’s Hannah Wallace reports on day two of the FusionONE open banking developer conference to learn more about Finastra’s vision for the future of banking re-engineered upon APIs and open platforms. We gain exclusive insight from the developers into what's exciting them most about FusionFabric.cloud and how they are looking to innovate and create using the platform.

10 June 2019

Company update/Innovation

Commcise launches cloud-based investment research platform

Commcise, the award-winning provider of integrated commission management, research evaluation and reporting solutions for investment management and brokerage firms, today announced the launch of COMMCISECS to support client strategy teams within the research provider community.

07 June 2019

News/Innovation

Blockchain benefits limited for retail banks - report

A report from management consultant McKinsey suggests that retail banks have been slower to adopt blockchain technology because they face more challenges in reaping the potential benefits.

07 June 2019

Finextra TV/Innovation

Embracing FusionFabric.cloud for integration

Eric Garretson, CFO Fintech Strategy Leader, nbkc bank, and Hannah Wallace from Finextra speak at FusionONE about how Community Banks and Credit Unions need to embrace new technology to survive, how platforms like FusionFabric.cloud can help smaller financial institutions and the use of AI in banking business models.

07 June 2019

News/Innovation

S Korea bemoans slow pace of its fintech market

An immature ecosystem and a lack of competition is slowing down South Korea's fledgling fintech industry according to the country's financial regulator

07 June 2019

News/Innovation

Mega M&As fuel record growth in fintech deals

A flurry of large M&A deals and the popularity of contactless payments have helped to create a record volume of fintech deals, according to a recent report, but also raised fears that the market may be overcrowded and reaching peak status.

06 June 2019

Company update/Innovation

Liquidnet makes AI acquisition

Liquidnet, the global institutional investment network, continues its expansion of its artificial intelligence (AI) investment analytics platform with the acquisition of Prattle, a leading provider of automated investment research solutions for portfolio managers, research analysts, and other financial professionals.

06 June 2019

News/devops

FS industry ready to shift from Open Banking to 'Open X' - Capgemini

The financial services industry is already looking beyond Open Banking to the next phase of innovation, 'Open X', which will require deeper collaboration and specialisation, claims the latest World Fintech report from Capgemini.

06 June 2019

Finextra TV/Innovation

Mastercard: Following the customer and delivering choice

Liz Oakes, EVP, Market Development, New Payments Platforms, Mastercard, speaks at Money20/20 Europe about the importance Mastercard puts on having a wealth of choice, what needs to be taken into consideration in regards to security and what payments trends we are seeing evolve globally.

05 June 2019

Company update/Innovation

Banks see benefit of digitalisation as they strive for profitability - report

The European banking industry continued to struggle with structural earnings problems in 2018

05 June 2019

News/Innovation

Report lays out Nordic fintech manifesto

The majority of fintechs in the Nordic and Baltics belive that the region can dominate the fintech landscape in years to come but only if they can secure greater access to investment capital.

05 June 2019

News/ai

Money 20/20 Europe 2019: The interplay of AI, cloud, blockchain and quantum computing

On the final day of Money 20/20 Europe 2019 in Amsterdam, Jesse McWaters, financial innovation lead at the World Economic Forum starts the day discussing the interplay of AI, cloud, blockchain and quantum computing, and what happens when it all collides.

05 June 2019

Finextra TV/Innovation

The Launch of Accelerate and Mastercard's Fintech Journey

Jason Lane, EVP, Market Development Europe, Mastercard, speaks at Money20/20 Europe about their role in the changing fintech landscape, the launch of Accelerate and what some of the features are that brand partners can expect to benefit from.

05 June 2019

News/Innovation

Money 20/20 Europe 2019 Q&A: ING’s Benoît Legrand

Benoît Legrand, chief innovation officer at ING, graced the stage at Money 20/20 Europe in Amsterdam to discuss how the Dutch bank has developed and deployed its own innovation methodology. Ahead of the session, Finextra spoke to Legrand about post-Brexit Amsterdam, where ideas for innovation comes from and what platforms actually are.

05 June 2019

News/Innovation

UK fintech growth programme invites applications

The UK government-backed Tech Nation is inviting applications for the second cohort of its fintech growth programme, which promises to give members intensive backing to help grow their businesses and the country's financial technology ecosystem.

05 June 2019

News/Innovation

Money 20/20 Europe 2019: Is Open Banking a complete fiasco?

On the Industry Transmutation stage at Money 20/20 Europe 2019 in Amsterdam, Dave Birch, global ambassador at Consult Hyperion opens an afternoon of sessions on Open Banking and the potential it has to reshape the way the financial services industry works.

04 June 2019

News/Innovation

Tencent leads $35m investment in UK fintech

Chinese e-commerce giant Tencent is heading up a $35 million financing round for UK-based startup TrueLayer, further adding to its growing portfolio of fintech investments.

04 June 2019

News/Innovation

Money 20/20 Europe 2019: The future of B2B banking

What can we expect from the banking industry in 2019? The second day of sessions at Money 20/20 Europe 2019 answers this question, with Drew Graham, director, digital strategy at Barclays, kicking off proceedings with Claire Calmejane, group chief innovation officer at Société Générale, Dr. Leda Glyptis, 11:FS Foundry CEO and chief of staff at 11:FS and Anne Boden, CEO and founder of Starling Bank.

04 June 2019