Latest Innovation News: Finextra Research

Payments revenue to hit $2.4 trillion by 2027

The payments industry remains one of the brightest spots on the financial services landscape, according to a report from the Boston Consulting Group (BCG) and Swift, which predicts global revenue to grow by more than $1 trillion by 2027.

18 October 2018

Company update/Innovation

Bank Independent partners Enacomm for Alexa skill

Enacomm’s Virtual Personal Assistant (VPA) banking is now available to Bank Independent customers, who can safely and securely access their bank account information and conduct financial transactions in real-time by interacting with a chatbot.

17 October 2018

Finextra TV/Innovation

Critical banking strategies and modernisation

Chantal Constable, VP & Head of Retail Banking UK, CGI, talks about the importance of modernisation, what a transformed bank looks like, and how traditional banks should begin their journey to modernisation.

17 October 2018

Finextra TV/Innovation

Open Banking and the changing ecosystem

Sean Devaney, VP, UK Banking and Strategy, CGI, talks about the importance of Open Banking as a new initiative, the ways in which it can be implemented how it will improve the customer journey.

17 October 2018

Finextra TV/Innovation

Bringing together the vision of connected commerce

Gerrard Schmid, President and Chief Executive Officer Diebold Nixdorf, speaks at Diebold Nixdorf's International Management Seminar in Lisbon, about how banks need to support their customers through multi-channels as a result of digitisation, what is driving mobile banking, where the potential is for retail banks, and whether cash is really becoming extinct.

17 October 2018

News/Innovation

Former Alior Bank and Alfa Bank chiefs set up $500 million fintech fund

Two former banking executives have launched a $500 million fintech fund to invest in late-stage companies that are driving innovation and disruption in banking.

17 October 2018

Company update/Innovation

Former MD of Visa UK & Ireland joins Red Badger advisory board

Kevin Jenkins, former MD of Visa UK and Ireland, and Dr Chris Brauer, Director of Innovation at Goldsmiths, University of London, have joined the advisory board of digital consultancy, Red Badger.

17 October 2018

News/startups

The revenue squeeze is on for incumbents as digital disruption begins to bite

Traditional financial institutions can expect to see a material shift in future revenues to new entrants — including challenger banks, non-bank payments institutions, and big tech companies — as competitive pressure from digital disruption continues, reports Accenture.

17 October 2018

News/Innovation

BBVA launches open banking platform in the US

BBVA has officially launched its Banking-as-a-Service platform in the US, using APIs to let firms offer their customers financial products without having to take on fulling banking themselves.

17 October 2018

News/startups

AXA rebrands £55 million fund to invest in fintech

AXA Investment Management is restructuring its £55 million Framlington Financial fund to invest in fintech companies.

17 October 2018

Finextra TV/Innovation

Data and the future success of banks

Andy Schmidt, VP & Global Head of Retail Banking, CGI, talks about the importance of data for banks, whether banks are managing data in the right way, and whats steps they can take to better utilise the data.

16 October 2018

Company update/Innovation

Railsbank preps London hackathon

Railsbank, a leading UK-based open-banking and RegTech platform, has announced leaders in the FinTech sector as partners of its annual banking innovation hackathon - this year.

16 October 2018

Finextra TV/Innovation

Digitising Banking and The Future of CLM

Niall Twomey, Chief Technology Officer, Fenergo, talks about the type of innovations and technologies Fenergo's R&D team are working on, what financial institutions want and expect from their technology stack, and what role Fenergo's CTO forum plays in advancing Fenergo's vision.

16 October 2018

News/Innovation

TD launches Oculus Go experience

TD Ameritrade is dabbling in virtual reality, teaming up with Facebook's Oculus Go on an "immersive learning experience" for investors.

15 October 2018

News/Innovation

DNB takes five percent stake in 11:FS Foundry

Norway's DNB has invested £3 million for a five percent stake in a new digital banking toolset developed by consultancy 11:FS.

15 October 2018

Company update/startups

Danske Bank kickstarts accelerator programme for sustainable businesses

Danske Bank kick-started a 10-week training programme for 10 specifically selected Nordic start-ups.

12 October 2018

Company update/regulation

Indonesia and Singapore strengthen cooperation in fintech

The Monetary Authority of Singapore (MAS) and the Financial Services Authority of the Republic of Indonesia, Otoritas Jasa Keuangan (OJK) today signed a Memorandum of Understanding (MOU) to strengthen cooperation in FinTech and foster innovation in financial services between Indonesia and Singapore.

12 October 2018

News/Innovation

Consumer rights groups hit out at CFPB sandbox plans

Consumer rights groups in the US have slammed a proposal by the Consumer Financial Protection Bureau to create a regulatory sandbox that would enable fintech firms to bypass red tape.

12 October 2018

News/Innovation

Westpac rolls out designer wearables

Westpac is rolling out a new designer range of wearable payment accessories, including an iron or sew-on patch and safety pin that can be hidden on clothing.

12 October 2018

News/Innovation

Top digital banking heads to convene at Finextra NextGen Banking Nordics

A strong line-up of C-Suite digital banking heads and innovators from across the Scandinavian fintech scene will gather in Stockholm next month to debate the future of financial services at Finextra's annual NextGen Banking Nordics summit.

12 October 2018