Innovation

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Eight more startups joins FSC sandbox in South Korea

The FSC designated eight additional financial services as ‘innovative financial services’ to be accepted into financial regulatory sandbox, following the first and second batch of financial services announced on April 17 and May 2.

/Innovation

Hong Kong and Thailand sign fintech co-operation pact

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) entered into a Memorandum of Understanding (MoU) on 12 May 2019 to foster collaboration between the two regulatory authorities in promoting financial innovation.

/startups

NadiFin showcases 2019 fintech cohort

After 100+ applications from around the globe, 11 post-seed and pre-series B stage Fintech companies have been selected and are ready to scale to new heights through the NadiFin Fintech Accelerator program, powered by MiddleGame Ventures and Farvest in partnership with the Luxembourg House of Financial Technology (LHoFT).

Brits wary of new banking tech, despite high demand

/Innovation

Brits wary of new banking tech, despite high demand

Brits expect their banks to deliver the latest technology to them but are less likely to rush to use it, suggests a survey from ING.

AI Innovation: A Differentiator for Banking

/Innovation

AI Innovation: A Differentiator for Banking

Prema Varadhan, VP of AI Centre of Excellence, Temenos, speaks at The Temenos Community Forum 2019 in The Hague about the priority banks place on the value of AI to their institutions, which business functions are likely to gain the most value from the use of AI and the main challenges that banks face in implementing AI at scale.

Visa partners Bahrain FinTech Bay

/Innovation

Visa partners Bahrain FinTech Bay

Visa is teaming up with Bahrain FinTech Bay to boost the financial technology ecosystem in the Kingdom.

/Innovation

MAS and Asia-Pacific Future Financial Research Institute ink fintech co-operation agreement

The Monetary Authority of Singapore (MAS) and the Asia-Pacific Future Financial Research Institute (AFF)(1) have signed a FinTech Co-operation Agreement to promote academic exchanges, information sharing and research co-operation on FinTech.

SoftBank Vision fund invests $800m in UK fintech

/Innovation

SoftBank Vision fund invests $800m in UK fintech

SoftBank's Vision Fund, the largest fintech venture capital fund in the world is reported to be investing $800m in a UK-based supplier of alternative supply chain finance, thereby doubling its valuation to $3.5bn.

/Innovation

Nationwide to invest in behavioural analytics startup

Nationwide Building Society is today announcing that it will invest in Scaled Insights, a company that uses behavioural AI to analyse people’s speech in order to communicate with them in language that is most accessible for them.

Time to rethink Banks' payment strategies

/Innovation

Time to rethink Banks' payment strategies

Gareth Lodge, Senior Analyst, Payments, Celent & Shrey Rastogi, Payments Strategist, Temenos, speak at The Temenos Community Forum 2019 in The Hague about how Banks are changing their payment strategy, the major areas where they need to focus on to be successful, how this space will evolve and whether the market is big enough for everyone to succeed.

Report questions value of insurtech despite record investment

/Innovation

Report questions value of insurtech despite record investment

Investment in the insurtech sector reached record highs in Q1 2019 yet there is lack of obvious value in the many of the newest insurtech offerings, according to a recent report.

US Congress launches fintech and AI task forces

/ai

US Congress launches fintech and AI task forces

The US House of Representative is launching task forces looking into fintech and artificial intelligence in financial services.

Metro Bank faces shareholder revolt

/Innovation

Metro Bank faces shareholder revolt

Shareholders in Metro Bank have been advised to reject the British retail bank's latest remuneration report and abstain in the vote of its directors amid ongoing concerns over accounting practices.

'The move to cloud is a journey, not a destination'

/Innovation

'The move to cloud is a journey, not a destination'

Nitin Gupta, Global Head of Financial Services, Solutions and Partners, Amazon Web Services, speaks at The Temenos Community Forum 2019 in The Hague about how financial service platforms are transforming using AWS, how Banks can accelerate their cloud journey and what support AWS provides.

The Opportunity to Unify Digital Identity in Banking

/Innovation

The Opportunity to Unify Digital Identity in Banking

Phil Allen, Vice President, EMEA, Ping Identity, speaks about the importance of digital identity within the financial service sector, what challenges banks face when tackling a digital identity project, how it might be federated across the industry and how this space is likely to evolve in the future.

Launching a Digital Bank ranked top strategic priority

/Innovation

Launching a Digital Bank ranked top strategic priority

Kanika Hope, Global Strategic Business Development Director, Temenos, speaks at The Temenos Community Forum 2019 in The Hague about the thought behind this year’s Economist Intelligence Unit Report, where we are likely to see a shift in retail banking trends now respondents are ranking new technologies as the most impactful strategic driver and why launching an open banking strategy has become a key priority for Temenos clients.

/startups

Investment Association picks five fintech firms for second accelerator cohort

The Investment Association (IA) has today revealed the second cohort of FinTech firms which will be joining Velocity, the IA’s innovation hub and FinTech accelerator for the buy-side and asset management industry.

The Winning Formula for Digital Transformation

/Innovation

The Winning Formula for Digital Transformation

Max Chuard, CEO, Temenos, speaks at The Temenos Community Forum 2019 in The Hague about the theme of the event, 'Digital Banking Reloaded', the importance of combining functionality with technology, how Banks are in urgent need of transformation and how they can achieve the goal of digital transformation.

DBS retrains call centre staff for digital future

/Innovation

DBS retrains call centre staff for digital future

Singapore's DBS has retrained more than 500 call centre employees for the digital age, creating new roles in areas such as social media, voice biometrics and live chat.

Digitisation and collaboration on Ireland's agenda

/Innovation

Digitisation and collaboration on Ireland's agenda

The SWIFT Business Forum Ireland 2019 explored how Irish financial institutions can deliver a truly digital customer experience through a spirit of collaboration, while staying secure against evolving cyber threats.

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