Latest Innovation News: Finextra Research

Data privacy laws threaten to stop fintech in its tracks - Asifma

A fragmented patchwork of data privacy rules threatens to upend the promise of new developments in financial technology across Asia, a leading trade body has warned.

12 October 2018

Company update/Innovation

BNP Paribas names John Egan as CEO of L'Atelier

John Egan is appointed CEO of L'Atelier BNP Paribas.

11 October 2018

Company update/regulation

IMF and World Bank unveil Fintech Agenda

The International Monetary Fund and the World Bank Group today launched the Bali Fintech Agenda, a set of 12 policy elements aimed at helping member countries to harness the benefits and opportunities of rapid advances in financial technology that are transforming the provision of banking services, while at the same time managing the inherent risks.

11 October 2018

Company update/startups

Swiss Finance Startups to host Fintech Fair

Swiss Finance Startups are hosting a Fintech Fair to showcase the entirety of Switzerland’s fintech ecosystem, where fintech drivers will be presenting their businesses and products to a national and international audience.

11 October 2018

Company update/Innovation

Standard Chartered opens London innovation lab

Standard Chartered has opened an eXellerator innovation lab in London, providing a platform to co-create solutions with clients, build stronger engagement with the local fintech community and drive innovation across the Group.

11 October 2018

Finextra TV/Innovation

Learning from 10 years of faster payments

Sean Devaney, VP, UK Banking and Strategy, CGI, talks about the lessons learnt from the introduction of previous real-time payments schemes, whether these lessons are being employed in more recent endeavours and what banks should be considering when adopting a move to real-time.

10 October 2018

News/Innovation

Standard Chartered partners Huawei on IoT lending projects

Standard Chartered is working with Chinese networking conglomerate Huawei on the development of IoT sensors that would automatically trigger payments to corporates by providing real-time data on the movement of goods.

10 October 2018

News/Innovation

Gender imbalance in tech shifting - Nationwide

Women are now more likely to get a job in technology as the industry moves away from pure number crunching to a greater focus on innovation and creativity, according to new research from Nationwide Building Society.

10 October 2018

Company update/startups

IA reveals first cohort of FinTech firms at official launch of Velocity accelerator

The Investment Association (IA) has unveiled at its launch event held on Tuesday evening the first cohort of FinTech firms which will be joining Velocity, the IA’s specialist FinTech accelerator for the asset management industry.

10 October 2018

Company update/Innovation

Avenir adds QR codes to share certificates

Avenir Registrars Ltd, a provider of CREST registrar services, has today announced that it has added QR codes to each one of its clients’ share or bond certificates.

09 October 2018

News/startups

Schroders take stake in Cobalt startup graduate

Asset management house Schroders has taken a minority stake in Qwil Messenger, the first fintech start-up to have joined its global in-residence programme.

09 October 2018

News/Innovation

Want to join the FCA sandbox? Better hire a legal and compliance team first

The Financial Conduct Authority's innovation sandbox is supposed to make it easier for new entrants to the financial services industry to navigate through the regulatory maze. However, for many participants the process of getting onboard and then finding willing customers to test their ideas on has been far from straightforward.

09 October 2018

Finextra TV/Innovation

Introducing The Australian Open Banking Initiative

Jerry Norton, Vice President and Global Head of Banking for CGI, talks about how the Australian Open Banking Initiative is coming into effect in July 2019 and what this means, whether there are any differences in the way Australia is applying open Banking to what is happening in Europe and the UK, and what Australian banks should be doing now to assure success.

09 October 2018

News/Innovation

CBA and CSIRO test the use of blockchain-based 'smart money'

Commonwealth Bank of Australia and the nation's scientific research agency CSIRO are tesing the use of blockchain technology to help citizens manage payments made to the National Disability Insurance Scheme (NDIS).

09 October 2018

Company update/startups

B-Hive and Turkey's KoopHub sign fintech pact

B-Hive and KOOPHub signed a Memorandum of Understanding on September 19, 2018, during the Blockchain Fest in Istanbul.

09 October 2018

Finextra TV/Innovation

The silver bullet solution to payments system testing

Anthony Walton, CEO, Iliad, talks about the key findings from their recent research paper on the topic of payments testing approaches taken by UK banks, what part automation plays in payments system testing and to what extent banks will adopt this approach in the future.

09 October 2018

News/devops

JPMorgan introduces mandatory coding courses

JPMorgan is introducing mandatory coding courses for all employees in its asset management division, the FT reports.

08 October 2018

Company update/Innovation

Sixty startups to showcase their wares at Singapore Fintech Festival

The Monetary Authority of Singapore (MAS) today announced the 60 finalists that will vie for the Global FinTech Hackcelerator and FinTech Awards at this year’s Singapore FinTech Festival.

08 October 2018

Finextra TV/Innovation

Driving Operational Efficiency with CLM Transformation

Greg Watson, Global Head of Sales, talks about what the current lifecycle process looks like in most banks, what benefits a digitized CLM can deliver to a bank’s chief operations officer, and what banks should look for when investing in a CLM solution

08 October 2018

Company update/regulation

Saudi Arabia to release second batch of cap markets fintech permits

Reference to the Capital market law issued by Royal Decree number (M/30) dated 31 July 2003, and The Financial Technology Experimental Permit Instructions published on 10/01/2018, which aims to provide a regulatory framework that is conducive for the innovation of Financial Technology (FinTech) in the capital market within the Kingdom.

08 October 2018