Latest Innovation News: Finextra Research

DBS innovation chief Cross steps down

DBS innovation chief Neil Cross is bidding goodbye to banking after five years leading the Singaporean bank's digital transformation effort.

29 January 2019

News/Innovation

TrueLayer launches Open Banking-based payments API

TrueLayer has launched an Open Banking and PSD2-based payments API, giving businesses and consumers an alternative to card payments and bank transfers.

29 January 2019

News/Innovation

Pan-Asian fintech network approves mobile payments specifications

More than 60 companies from 12 countries have joined a new Pan-Asian committee to spur the adoption of fintech in the region.

25 January 2019

News/startups

Barclays supersizes New York accelerator

Barclays is turbo-boosting the New York arm of its Rise accelerator and introducing an investment pool of £10 million for each cohort to go through the programme.

24 January 2019

Company update/Innovation

Token Economy Association teams up with Singapore government-backed blockchain accelerator

Token Economy Association (Singapore) (“TEA Singapore”) is pleased to announce the partnership with Tribe Accelerator, the first-of-its-kind government-backed blockchain accelerator, and part of TRIVE Ventures (“TRIVE”), a Southeast Asia focused Venture Capital (VC) firm based in Singapore.

23 January 2019

News/Innovation

ING signs five-year licencing deal with R3

ING has agreed a five-year deal with R3 for an unlimited number of Corda Enterprise licenses, with the aim of encouraging the adoption of CorDapps across the business.

22 January 2019

News/startups

AXA raises $150 million for second venture fund

The venture capital arm of insurance and asset management group AXA has raised $150 million for its second early stage fintech and healthtech fund.

22 January 2019

News/Innovation

Five emerging tech trends to watch in 2019

Beth Devin, head of innovation network and emerging technologies at Citi Ventures, selects five technologies that could have a major impact on financial institutions and their clients in 2019 and beyond.

21 January 2019

News/devops

ING builds analytics academy to help employees with data skills

ING is setting up an 'analytics academy' where any member of the Dutch bank's staff can brush up on their data skills.

18 January 2019

Company update/Innovation

Hang Seng remodels office space to promote digital culture

Hang Seng Bank has taken a significant step forward with its Workplace Transformation project to enhance staff collaboration and productivity by encouraging new ways of working.

16 January 2019

News/Innovation

UniCredit sets up transformation and innovation advisory board

Italy's UniCredit has set up a 'transformation and innovation' advisory board, blending internal and external specialists to help guide the Italian bank's digital investment strategy.

16 January 2019

News/startups

Korea to tear down barriers to fintech innovation

Korea's Financial Services Commission is to undertake a root and branch regulatory reform to boost the company's fintech sector, amending rules on bank investments and introducing a sandbox programme for startups to test their applications.

16 January 2019

News/Innovation

Canada launches open banking consultation

The Canadian government has launched a public consultation on the merits of Open Banking as it seeks to gauge consumer enthusiasm for sharing financial data with third parties.

15 January 2019

Company update/startups

Oracle turns the ignition on fintech scale-up initiative

Oracle and B-Hive have selected the first fintechs to take part in the Fintech ScaleUp Program that aims to maximize business opportunities for startup, scale-up and mature fintechs while minimizing the time to get to market.

15 January 2019

Finextra TV/Innovation

Interconnection and data at the edge

Eleni Coldrey, Business Development Director - EMEA lead for innovation in Financial Services, Equinix, talks about interconnection and data at the edge, what the biggest hurdles are around Open Banking and how interconnection is helping to support Open Banking.

14 January 2019

News/Innovation

MUFG launches $185m fintech fund

Japan's Mitsubishi UFJ Financial Group (MUFG) has set up a $185 million venture capital fund to invest in fintech startups.

11 January 2019

News/Innovation

US shutdown impacts fintech market

The ongoing shutdown of the US government, sparked by a disagreement over funding for border security, is starting to impinge on the US fintech industry, according to reports.

11 January 2019

News/Innovation

Scotland's fintechs treble in number

The number of fintechs based in Scotland has increased threefold in the last 12 months following an initiative between government, academia and the finance industry designed to boost the sector.

11 January 2019

News/Innovation

Open Banking year one: Insights from the CMA9 and more

A review of the first year of the UK’s groundbreaking experiment in Open Banking. What worked? What didn’t? And what next?

11 January 2019

News/Innovation

N26 becomes Europe's most valuable fintech startup

German digital bank N26 has become Europe's most highly valued non-listed fintech startup following a $300 million fundraising round that prices the company at $2.7 billion.

10 January 2019