Latest Innovation News: Finextra Research

HSBC expands technology scale-up lending by £100 million

HSBC UK has announced the expansion of its ‘Growth Lending’ fund from £250 million to £350 million in response to growing demand from high-growth tech scale-ups.

22 December 2023

News/cloud

Financial Cloud Summit 2024: What to expect at next year’s conference

Finextra Research will be hosting its second Financial Cloud Summit conference on March 7th 2024 at King’s Place in London.

15 December 2023

Company update/regulation

ESAs report on benefits and challenges of innovation hubs and sandboxes

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published a Report on innovation facilitators, a term encompassing innovation hubs and regulatory sandboxes.

11 December 2023

News/startups

Canapi Ventures raises $750m fintech fund

Canapi Ventures, a VC firm focussed on fintech startups, has raised $750 million for its second fund.

08 December 2023

Company update/regulation

FinTech Scotland open Financial Regulation Innovation Lab

FinTech Scotland proudly announces the launch of the Financial Regulation Innovation Lab (FRIL) - a dynamic initiative set to revolutionise and shape the future regulatory landscapes in the UK and around the globe.

07 December 2023

News/regulation

AI Act: Industry warns EU against overregulation

Digital Europe, a digital technology trade association, has warned the EU against overregulating in its upcoming AI bill in a letter this week.

24 November 2023

Finextra TV/security

Disrupting Financial Crime with RegTech

Costing up to $3.5 trillion annually, global financial crime demands an innovative response. By accelerating solution deployment and enhancing industry standards, Deborah Young, CEO of The RegTech Association, looks to education initiatives and collaboration to address the issue; setting the stage for the 'Regulatory Public Infrastructure' panel at this week’s Singapore FinTech Festival.

16 November 2023

Finextra TV/retail

The positive impact of AI on customer experience in financial services

With the shift from Google to GPT-4 for information searches, Greg Krasnov, the founder of Tonik Bank, examines AI’s growing influence on the financial industry ahead of this week's Singapore FinTech Festival. The discussion explores how banks are adopting AI, the implementation of Gen AI in customer interactions, where friction between regulation and innovation may arise, and the impact it is having on customer acquisition and credit applications.

15 November 2023

Company update/payments

Visa to open innovation space in Hanoi

Visa, a world leader in digital payments, is proud to announce the opening of its Innovation Space at the groundbreaking National Innovation Center – Hoa Lac Hi-tech Park in Hanoi (NIC Hoa Lac).

31 October 2023

Company update/retail

Innovate Finance Autumn statement

Innovate Finance is the independent industry body that represents and advances the global FinTech community in the UK.

26 October 2023

News/retail

CBA using Gen AI to create 'synthetic customers' for testing of new products

Commonwealth Bank of Australia (CBA) is studying the use of generative AI to create 'synthetic customers' capable of emulating human behaviour, to test the response to new products and services.

23 October 2023

News/sustainable

Sustainable Finance Live 2023: Hackathon Winners announced

We Succeed Together and Team Thrive have been announced as the winners of the Sustainable Finance Live 2023 hackathon, which took place 2 - 13 October 2023 alongside the conference, in partnership with NayaOne.

17 October 2023

News/sustainable

Sustainable Finance Live 2023: The bank’s role in financing sustainable cities

Moving swiftly to the interactive workshop, the session Sustainable Finance Live is known for was hailed as being a rapid cocreation opportunity for attendees and where ideas became reality in just an hour.

10 October 2023

News/sustainable

Sustainable Finance Live 2023: How to move fast and break things to disrupt the inertia

Kicking off Sustainable Finance Live 2023 at Events@no6 in London, founder of ResponsibleRisk Richard Peers, highlighted the objective of this year’s event, to bring people together in their likeminded desire to drive sustainability in their work.

10 October 2023

News/cloud

Amazon Web Services and Microsoft cloud duopoly to be investigated by Ofcom

Historically, it could be argued that financial institutions were beholden to pick between AWS, Google Cloud and Microsoft Azure for all workloads due to availability, but with other smaller cloud providers offering private cloud fabrics, financial organisations are considering hybrid or multicloud options. However, Ofcom has an alternative view.

06 October 2023

News/security

Singapore's retail banks take steps to enhance cybersecurity

The Association of Banks in Singapore (ABS) announced that major retail banks in Singapore have enhanced their security measures in a bid to combat an increasingly complex cyber-threat environment.

18 September 2023

News/startups

African startups raise $2.7bn in VC funding

Startups in Africa's fintech market have secured more than $2.7bn in venture capital (VC) funding in the last two years, according to a recently released report.

30 August 2023

Company update/people

Virtual reality firm appoints former Saxo Bank UK CEO

Spanish Virtual Reality company Virtualware (MLVIR.PA) has appointed Albert C. Maasland, former CEO of Crown Agents Bank and former CEO of Saxo Bank UK, to its International Advisory Board, in a decision that will reinforce the company's position as a leader in the immersive technologies industry.

30 August 2023

News/startups

Irish fintech funding slows down

Funding levels in Ireland's fintech sector have fallen again in the last 12 months due to economic and geopolitical challenges.

21 August 2023

News/regulation

Innovate Finance calls for innovation in response to HM Treasury

Innovate Finance has submitted a response to HM Treasury’s Call for Proposals on how to measure success in relation to the financial regulators’ new secondary objectives, emphasising that supporting innovation in FinTechs is key to ensuring competitiveness.

18 August 2023