Innovation

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Standard Chartered appoints global digital head

/Innovation

Standard Chartered appoints global digital head

British bank Standard Chartered (SC) has hired Martijn De Jong as the global head of its Digital Channels & Data division.

Developer experience is crucial to the consumer Open Banking offering

/devops

Developer experience is crucial to the consumer Open Banking offering

In an interview with Finextra, ForgeRock’s VP of financial services and regulatory, Nick Caley reveals that both PSD2 and Open Banking have created a template that other countries are looking to mimic by implementing standards in Europe.

The Innovation Game: Escaping legacy with new technology

/Innovation

The Innovation Game: Escaping legacy with new technology

APIs and cloud-based systems and low code developer tools are enabling banks to create a more open service, and this hybrid utilisation of new technology with legacy systems is a way to deliver new services, fast, without undergoing wholesale core transformation.

India central bank convenes digital payments panel

/Innovation

India central bank convenes digital payments panel

Reserve Bank of India (RBI) has recruited the Infosys chairman Nandan Nilekani to head up an advisory panel on the development of digital payments.

/Innovation

Payments firm Countingup debuts invoicing feature

As a number of old-school banks struggle to maintain their technology, leading UK “challenger” business banking provider Countingup becomes the first to offer invoicing, automated payment matching and expense tracking.

/Innovation

Cass Business School teams up with universities for startup lessons

Cass Business School, in partnership with the University of Oxford and Bocconi University, have this week launched Strategy Insight Lab, a three-month business support programme for UK based microbusinesses and start-ups.

Investment Association opens second fintech cohort

/Innovation

Investment Association opens second fintech cohort

The trade body for the UK's fund management industry, the Investment Association (IA), has extended its fintech accelerator initiative with the launch of a second cohort.

Trends of the foreign exchange today

/Innovation

Trends of the foreign exchange today

Angus Scott, Head of Product, CLS, speaks at Sibos about the major trends around foreign exchange settlement today, what initiatives CLS are taking to attract more users and volumes over the CLS Settlement service and how the increasing adoption of new technology is impacting the services CLS provides today.

Brits more likely to get divorced than dump their bank – Tandem

/retail

Brits more likely to get divorced than dump their bank – Tandem

With the 8th of January marking Divorce Day – the UK’s most popular day to start divorce proceedings - Tandem Bank product director Matt Ford revealed that despite the act of changing banking provider becoming simpler, consumers are still misinformed and discouraged.

/payments

Ipagoo introduces Open Banking to the airline industry with IATA Pay

Orwell Group's ipagoo has partnered with The International Air Transport Association (IATA) to bring open banking to the airline industry and offer a new payment solution for airline customers called “IATA Pay”.

/Innovation

Cardlytics CEO Scott Grimes becomes FinTech Atlanta vice chair

FinTech Atlanta, a coalition of local companies, startups, universities and industry associations working to cement Atlanta as the global capital of financial technology (FinTech), today announced the appointments of Scott Meyerhoff to the role of board chair and Scott Grimes to the role of vice chair.

/Innovation

Fintech Circle and African Fintech Network introduce education courses

Fintech Circle, the leading global community of FinTech entrepreneurs, angel and VC investors, financial services professionals and FinTech thought-leaders and its Fintech Circle Institute, will launch its comprehensive range of Fintech Education Courses for African countries, in collaboration with the African Fintech Network, the newly inaugurated African Fintech Membership Association.

/regulation

European Supervisory Authorities publish report on sandboxes

The European Supervisory Authorities (ESAs) published today a joint report on innovation facilitators (regulatory sandboxes and innovation hubs).

/Innovation

Dubai International Financial Centre inks MoU with UK's Innovate Finance

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has signed a Memorandum of Understanding (MoU) with Innovate Finance, an independent membership association that is at the heart of the UK’s FinTech ecosystem.

/Innovation

Dubai Financial Services Authority welcomes new sandbox cohort

The Dubai Financial Services Authority ("DFSA") announced the acceptance of seven new firms into its cohort process, which permits companies to apply for an Innovation Testing Licence ("ITL").

Google gets payments licence in Ireland

/Innovation

Google gets payments licence in Ireland

Ireland's central bank has granted authorisation for Google to operate as a payments institution, a move that could see the big tech giant significantly expand its financial services offerings across the European Union.

Challenger bank Chetwood gets UK banking licence

/Innovation

Challenger bank Chetwood gets UK banking licence

Chetwood Financial, which is backed by UK hedge fund Elliott Management, is the latest challenger bank to be granted a full UK banking licence.

Mastercard appoints first chief experience officer

/Innovation

Mastercard appoints first chief experience officer

Mastercard has hired Donald Chesnut from SapientRazorfish as it first chief experience officer.

JPMorgan recruits for blockchain delivery manager

/Innovation

JPMorgan recruits for blockchain delivery manager

JPMorgan is advertising for a blockchain delivery manager, to develop and execute a "comprehensive distributed ledger technology strategy" for the Corporate and Investment Bank.

BBVA reaches global digital tipping point

/Innovation

BBVA reaches global digital tipping point

Spanish banking giant BBVA claims to have reached a global digital tipping point, with more than 50% of customers now accessing products and services through remote electronic channels.

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