Latest Innovation News: Finextra Research

Money20/20 Day Two: The trade-off between banking innovation and financial security

Feedzai CEO Nuno Sebastião opened day two of Money20/20 in Las Vegas with an educated discussion about emerging technology, financial crime and how banking executives are changing their attitude towards fraud.

23 October 2018

News/Sibos

Bian unveils free API market for banks

Banking not-for-profit Bian has launched a free online market, containing APIs developed by firms including IBM, Microsoft, Citi and PNC.

23 October 2018

News/Innovation

Umpqua sells innovation unit to Kony

Portland-based Umpqua Bank has agreed to offload its Pivotus Ventures innovation subsidiary to tech firm Kony. Terms of the deal were not disclosed.

22 October 2018

Company update/startups

Singapore FinTech Festival attracts US$12 billion of capital for Asean enterprises

The Monetary Authority of Singapore (MAS) announced today that 380 participating investors who enrolled for the Singapore FinTech Festival’s deal-making platform, MATCH, have indicated intentions to invest up to a total of US$6.2 billion in ASEAN enterprises next year, and an additional US$6 billion earmarked over the subsequent two years.

22 October 2018

Company update/startups

Barclays sets up AgriTech team

Barclays today announced the launch of a dedicated agri-tech team, focused on supporting UK start-ups to connect with the farming community and boost innovation.

22 October 2018

News/Innovation

JPMorgan to open fintech campus in Silicon Valley

JPMorgan is to open a 'fintech campus' in Silicon valley, housing 1000 employees and rubbing shoulders with Big Tech giants such as Facebook and Google.

22 October 2018

News/Innovation

Sibos 2018: Swift CEO touts success of gpi, reiterates 2020 for universal adoption

Swift CEO Gottfried Leibbrandt used his opening remarks at this year's Sibos in Sydney to talk up the adoption of Swift’s gpi, better information sharing and visibility around breaches reducing cyber risk, and Swift’s efforts to remain neutral in the face of volatile geopolitical situations.

22 October 2018

News/Innovation

Money 20/20 Day One: GDPR, AI and the art of conversation

Banking innovators and fintech disruptors have once again descended upon the Las Vegas Strip for another jam-packed Money20/20 US event, a four-day jamboree exploring the revolution of money in all its forms.

22 October 2018

News/Innovation

Oz challenger bank 86 400 signs on with Open Bank Project

86 400, an Australian banking startup led by a host of industry heavyweights, has inked a deal with open source API specialists Open Bank Project.

22 October 2018

Finextra TV/Innovation

Banks taking a more agile development approach

Rachid Molinary, Senior Vice President of Digital Strategy and Innovation Banco Popular der Puerto Rico, speaks at Diebold Nixdorf's International Management Seminar in Lisbon, about what banks should do to when taking a more agile development approach, how ATMs are coming both contactless and pinless, and how using the customer journey will improve the customer experience.

20 October 2018

Company update/Innovation

Wahed Invest launches Halal stock screener app

Wahed Invest (“Wahed”), the first fully digital Halal-focused ethical investing platform, today announced the launch of its “Halal Stock Screener,” a first-of-its-kind, free app that allows investors to determine if a company in which they are considering investing is “Halal.”

19 October 2018

News/ai

IBM and banks back data project to fight human trafficking

Western Union, Barclays and Lloyds Banking Group are backing a new project that uses IBM's Watson technology to tap into financial data to help track and combat human trafficking.

19 October 2018

Company update/startups

Morgan Stanley taps Indian fintech with CTO Innovation Summit

Morgan Stanley (NYSE: MS) today announced Aspiring Minds, a company that specialises in talent assessment for corporates, as the winner of the Firm’s inaugural CTO Innovation Summit India, held yesterday at its Bengaluru Global Inhouse Centre (GIC).

19 October 2018

News/Innovation

UOB builds network of 'eLabs' to drive design of pan-regional Digital Bank

United Overseas Bank is to set up a network of regional 'Engagement Labs' to mine customer transaction data and deliver new products and services for the forthcoming launch of its 'Digital Bank' across Asia.

19 October 2018

Company update/startups

Eight out of ten Brits wary of fintech

More than eight out of ten people in Britain (83 percent) are ‘unsure’ of fintech, according to a survey of 2,000 UK consumers commissioned by TopLine Comms.

19 October 2018

News/Innovation

BofE launches student fintech challenge

The Bank of England is dangling the prospect of a paid internship as the prize for a student competition asking for ideas on how financial technology can be used to improve people's lives.

19 October 2018

News/regulation

Global regulatory alignment needed to benefit from tech advances - Deutsche Bank

The potential of open APIs, cloud, blockchain and AI to transform the financial services sector will only be realised if regulators keep up and accept the "new realities" created by emerging technologies, argues a new Deutsche Bank white paper.

19 October 2018

Company update/startups

Accenture invites applications for New York Innovation Lab

Applications are now being accepted for FinTech Innovation Lab New York, a 12-week program co-founded by Accenture (NYSE: ACN) and the Partnership Fund for New York City that helps early- and growth-stage fintech companies accelerate product and business development through an in-depth engagement with top financial services and venture capital executives.

18 October 2018

Company update/startups

OTP Bank invites applications for startup accelerator

OTP Bank will launch its second international accelerator program in the first months of next year and is accepting applications from growth-stage startups and scaleups until the end of November.

18 October 2018

News/startups

BBVA and Anthemis open London startup studio

Spanish banking group BBVA is partnering with UK-based venture capital outfit Anthemis to open a startup studio in London, working together to nurture, incubate and develop new financial services products.

18 October 2018