Latest Innovation News: Finextra Research

NZ bank ASB sets blockchain trades in motion with VerifyUnion; DBS debuts commodity pricing platform

ASB has partnered with VerifyUnion, a decentralised identification platform, to launch New Zealand’s first bank blockchain single trade window.

01 November 2018

Company update/inclusion

Luxembourg fintech hub entertains Africa startups

The LHoFT Foundation strongly believes that financial technology is crucial to advancing financial inclusion, empowering groups that have been left behind by the traditional financial system.

01 November 2018

Finextra TV/Innovation

Shaping Faster Securities Services

Fiona Gallagher, Global Head of Securities Serivces and Chief Country Officer Ireland, Deutsche Bank, speaks at Sibos 2018 in Sydney, about the dynamics shaping securities services, what Deutsche Bank doing culturally to adapt to those shifts, and how the bank is collaborating with industry partners to replicate the retail customer experience in a B2B context.

01 November 2018

News/payments

The revolution of money is in the hands of the consumer – a Money 20/20 round-up

For the seventh year running, Money 20/20 put on an impressive show in Las Vegas and welcomed thousands of innovators from the fintech and banking industries to learn about disruption and forge business connections.

01 November 2018

News/Innovation

UK FS industry should create shared digital platforms - report

UK financial firms, regulators and governments would benefit from increased efficiencies and cost savings if the developed shared digital platforms to more effectively tackle things such as customer background checks, regulatory reporting and fraud prevention, says a new report from Deloitte and TheCityUK.

01 November 2018

Finextra TV/Innovation

The progression of SWIFT GPI

Marc Recker, Global Head of Institutional Market Management, Cash Management, Deutsche Bank, talks at Sibos 2018 in Sydney about how SWIFT’s global payment initiative is progressing, how transformative the initiative is, what opportunities it offers, and how it drives innovation and value for the corporate sector.

31 October 2018

Company update/Innovation

Startupbootcamp Mexico invites applicants for second cohort

Startupbootcamp Scale FinTech Mexico City announces the opening of applications for its second cohort and invites the best growth stage FinTech startups to apply by December 10th.

31 October 2018

Finextra TV/Innovation

'Navigating your Next' in the Digital Arms-race

Mohit Joshi, President of Infosys, speaks at the Infosys Finacle Conclave 2018 in Antwerp, about the cycle of disruption caused by digital and how banks should 'navigate their next' in the digital arms-race.

31 October 2018

News/Innovation

Monzo achieves Unicorn status

App-based banking startup Monzo is joining the Unicorn club on the back of a new £85 million funding round that values the three-year old banking newcomer at over £1 billion

31 October 2018

Finextra TV/Innovation

Setting new bench marks for growth and operational excellence

Julian Sawyer, Chief Operating Officer, Starling Bank, speaks at the Infosys Finacle 2018 Conclave in Antwerp, about what it takes to build a successful digital only bank, how digital banks can differentiate themselves from their larger rivals, and how Starling bank is setting new bench marks for growth.

30 October 2018

Company update/Innovation

Commerce Bank forges multi-year partnership with fintech venture fund SixThirty

Commerce Bank announced today a multi-year partnership with SixThirty, a St. Louis-based venture fund that invests in financial technology (FinTech) startup companies. SixThirty targets investments in late-seed stage startups that have a product and market traction and are starting to earn revenue.

30 October 2018

News/Innovation

DBS Hong Kong launches Startup Xchange

DBS in Hong Kong is taking a long-term view of the startup ecosystem, setting up a programme for young fintech companies to work in tandem with the bank on innovative solutions that address distinct business problems.

30 October 2018

Finextra TV/Innovation

Significant steps forward in Blockchain

David Collins, Head of Financial Services, GFT Technologies, explains the reasons behind slow adoption of blockchain within in the financial market in particular, where progress is being seen most, and how the market is likely to react to these findings.

30 October 2018

Company update/startups

Deloitte, Equifax and FreeAgent sign on as partners to NatWest’s Entrepreneur Accelerator programme

NatWest has announced that Deloitte, Equifax and FreeAgent have signed up as partners to its Entrepreneur Accelerator programme, the UK’s largest fully-funded business accelerator network, with 12 hubs located throughout the country.

29 October 2018

News/Innovation

Most banks will be made irrelevant by 2030 - Gartner

Within 12 years time, 80% of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology, according to forecasts by Gartner.

29 October 2018

News/Innovation

Embracing the Blockchain Moment

Jens Hachmeister, managing director, DLT, crypto assets and new market structures at Deutsche Bourse, believes the embrace of distributed ledger technology by the global banking community will help the industry avert a long-heralded Kodak Moment.

29 October 2018

News/Innovation

Citi dangles $50,000 carrot for innovation challenge

Citi is inviting late-stage fintech startups to apply for an Open Innovation Challenge, to inspire the development of products that can be used to help customers better manage their debt and improve their financial well-being.

26 October 2018

Company update/startups

Accenture hosts eight startups at Asia Pacific demo day

Eight leading financial technology (fintech) companies presented their solutions and services to top banking, insurance, venture capital and technology executives today at the fifth annual Accenture (NYSE: ACN) FinTech Innovation Lab Asia-Pacific Investor Day, which highlighted the evolution and growth of the industry.

25 October 2018

News/Sibos

Sibos: Real-time charity, student winners and the human side of AI

Wrapping up Sibos 2018, Bill Doran, Swift’s head of Oceania, demonstrated Australia’s real-time payment system with a live charity drive, while Monash University student team Hebe won AUD$30,000 with its proposal for helping Australia’s banks protect consumer privacy in a world of open banking.

25 October 2018

Finextra TV/Innovation

Addressing the Consolidation, Regulatory and Technology Challenges

Didier Bouillard, CEO of Calypso Technology discusses at Sibos 2018 in Sydney the challenges that financial institutions are currently facing, how Calypso technology is solving these issues, and how the markets will evolve in the future.

25 October 2018