Innovation

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Standard Bank contracts with AWS for mass migration to the cloud

/Innovation

Standard Bank contracts with AWS for mass migration to the cloud

Standard Bank of South Africa is to adopt a cloud-first approach to its business, contracting with Amazon Web Services for a mass-migration of its IT architecture in a bid to drive its digital transformation strategy.

Driving innovation in the challenging financial landscape

/Innovation

Driving innovation in the challenging financial landscape

Andreas Burner, CIO, and Mark Taylor, Global Head of Sales, SmartStream, speak at Money20/20 ASIA in Singapore about AI adoption across APAC capital markets, where AI will have most impact going forward and which areas fintechs need to focus on in order to meet the demands of APAC.

Can incumbents, neobanks and fintechs all coexist in the future?

/Innovation

Can incumbents, neobanks and fintechs all coexist in the future?

John Stecher,  Chief Innovation Officer,  Barclays, speaks at Money20/20 ASIA in Singapore about the level of collaboration happening between incumbent banks and fintechs, how this is evolving in the near-term and whether incumbent banks and neobanks will be able to coexist together in the future.

Bridging the gap between the startup ecosystem and corporate world

/Innovation

Bridging the gap between the startup ecosystem and corporate world

Marion Bernardi, Fintech engagement Lead at SC Ventures, speaks at Money20/20 ASIA in Singapore about why Standard Chartered wants to work with fintechs and vice versa, what challenges banks might meet along the way, how they can be over come and how SC Ventures' Fintech Bridge is different from other match-making platforms.

BBVA rolls out global component library for design staff

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BBVA rolls out global component library for design staff

BBVA has created a global platform for developers and user experience creatives to mix and match components for re-use in other applications.

/Innovation

Geneva Fintech Association formed

A group of Geneva’s most innovative organizations have come together under the patronage of the State of Geneva, to form the Geneva Fintech Association.

/startups

Plug and Play ADGM accelerator to host nine startups

Plug and Play, the largest global innovation platform, and Abu Dhabi Global Market (ADGM), the leading international financial centre based in Abu Dhabi, have kicked off their second fintech accelerator and innovation program in the Middle East.

Emirates NBD to use sandbox as fintech certification platform

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Emirates NBD to use sandbox as fintech certification platform

Emirates NBD is bidding to attract third party fintech firms to its API Sandbox environment by promising to arrange demo opportunities with senior leaders of the bank and a certification award to participating startups.

Money 20/20 Asia Q&A: Barclays’ John Stecher on fintech/banking co-opetition

/retail

Money 20/20 Asia Q&A: Barclays’ John Stecher on fintech/banking co-opetition

John Stecher, chief innovation officer at Barclays, joined industry leaders at Money 20/20 Asia in Singapore to discuss the relationship traditional banks have with fintech challengers and technology companies. Ahead of the panel session, Finextra spoke to Stecher about how the ongoing evolution from competition to co-opetition between fintech startups and incumbents, as new players realise that because of a range of different factors, it is difficult to replace incumbent banks.

Banks of the future must maintain human touch

/Innovation

Banks of the future must maintain human touch

Technology has the potential to create seismic waves of change through banking that will alter consumer habits, but the industry will need to work hard to maintain trust and to ensure some customers are not left behind, says a report from UK bank CYBG.

Australia unveils national blockchain strategy

/Innovation

Australia unveils national blockchain strategy

The Australian government has launched a national blockchain plan which it hopes will bolster its fintech sector.

/Innovation

Singapore and Australia fintech associations sign MoU

Singapore FinTech Association (SFA) and FinTech Australia (FA) today signed a Memorandum of Understanding (MoU) to further strengthen opportunities for FinTech firms across both countries.

/Innovation

Deutsche Bank backs Women in Tech accelerator

Deutsche Bank supports a new business accelerator programme for female tech founders with a social mission.

Money 20/20 Asia: HSBC, Project Iceberg and strategic investment

/Innovation

Money 20/20 Asia: HSBC, Project Iceberg and strategic investment

On the main stage at Money 20/20 Asia in Singapore, Andy Maguire, group managing director and group chief operating officer at HSBC, gave the bank’s first public talk about the digital-only banking initiative referred to as Project Iceberg, after the leak earlier this year.

Financial services Rising Stars to be profiled at EBAday 2019

/startups

Financial services Rising Stars to be profiled at EBAday 2019

Academics, university alumni and graduates from financial industry schemes will gather for the inaugural Rising Stars session at EBAday 2019, taking place this year in Stockholm between the 18th and 19th June.

Money 20/20 Asia Q&A: ANZ’s Sreeram Iyer on institutional banking and innovation

/Innovation

Money 20/20 Asia Q&A: ANZ’s Sreeram Iyer on institutional banking and innovation

Sreeram Iyer, COO of institutional banking at ANZ Banking Group, will be joining other financial services professionals at Money 20/20 Asia in Singapore to discuss the incumbents’ response to insurgents entering the legacy banking ecosystem. Ahead of the panel session, Finextra spoke to Sreeram about partnerships with old and new giants and how to deal with innovation while being threatened by Big Tech corporations.

/Innovation

Copenhagen Fintech and the LHoFT sign MoU

Copenhagen FinTech (CPH FINTECH) and The Luxembourg House of Financial Technologies (The LHoFT) have signed a Memorandum of Understanding ("MoU") in order to foster innovation in the Wealth Management and Insurance industry.

Money20/20 Asia: Banks struggling to keep up with fintech innovation

/Innovation

Money20/20 Asia: Banks struggling to keep up with fintech innovation

Money20/20 Asia saw representatives from Westpac, Deutsche Bank and LumenLab discuss how legacy infrastructure has started to crumble as new foundations are balanced on top of existing cloud-based technology stacks.

Brexit brain drain hitting UK financial services industry

/Innovation

Brexit brain drain hitting UK financial services industry

The Brexit brain drain is hampering UK financial services firms in the chase for highly sought-after tech talent, according to a report from TheCityUK and Odgers Berndtson and supported by Banco Santander.

Standard Chartered builds Fintech Bridge to matchmake with startups

/startups

Standard Chartered builds Fintech Bridge to matchmake with startups

The innovation arm of Standard Chartered is building a 'fintech bridge' to connect startups to relevant business departments within the bank.

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