Innovation

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IBM to demo blockchain-based payment system at Sibos

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IBM to demo blockchain-based payment system at Sibos

IBM is preparing to demonstrate a blockchain-based alternative payments system to international banking representatives attending the annual Swift operations conference in October in Sydney.

Deutsche Bourse sets up dedicated blockchain and crypto-assets unit

/Innovation

Deutsche Bourse sets up dedicated blockchain and crypto-assets unit

Deutsche Bourse has set up a dedicated 'DLT, Crypto Assets and New Market Structures' unit to further advance its work into the transformational potential of blockchain technology.

/Innovation

Bangkok Bank and Nest put out call for startups to join InnoHub accelerator

Following the success of Bangkok Bank InnoHub in 2017, the first global FinTech accelerator in Thailand, Nest and Bangkok Bank announce today season 2 of the programme and are now accepting applications from around the world.

/Innovation

Virtual Crypto launches software to make bitcoins avialable through an ATM

Virtual Crypto Technologies Ltd. (OTCQB: VRCP) (www.virtual-crypto.com), a technology company dedicated to making cryptocurrencies accessible to the public, will offer ATM operators worldwide software that will enable users to buy and sell Bitcoin at regular ATMs.

Sage CEO steps down amid cloud problems

/Innovation

Sage CEO steps down amid cloud problems

Accounting software firm Sage has parted company with its chief executive following problems encountered in the migration of its service to the cloud

/Innovation

Bangkok fintech accelerator announces second stage

Following the success of Bangkok Bank InnoHub in 2017, the first global FinTech accelerator in Thailand, Nest and Bangkok Bank announce today season 2 of the programme and are now accepting applications from around the world.

/Innovation

Bellin opens Karlsruhe office

BELLIN has opened a new office in Karlsruhe, further cementing its claim as a leader in corporate banking and treasury technology.

/Innovation

US fund manager hires crypto specialist

Wilshire Phoenix Capital, a privately held specialty finance, asset management and advisory firm, is pleased to announce the addition of crypto, blockchain and neuroscience luminary Garrette Furo, CAIA, as Partner and CIO.

/Innovation

Finastra joins Bahrain fintech hub

Finastra today announced that it has joined Bahrain FinTech Bay.

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Dubai and Singapore regulators sign fintech agreement

The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) today entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority.

JP Morgan hires senior AI exec

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JP Morgan hires senior AI exec

US bank JP Morgan has hired a former Google executive as its new head of artificial intelligence (AI) and machine learning (ML).

Starling to help RBS develop digital bank

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Starling to help RBS develop digital bank

Royal Bank of Scotland (RBS) has reportedly enlisted the help of challenger bank Starling in its efforts to develop a digital bank of its own.

/Innovation

Modo and Etihad partner for airline loyalty scheme

Modo, the payments technology startup focused on creating interoperability between payment systems, today announced their partnership with the leading international airlines of the UAE, Etihad Airways, to co-create a unique loyalty solution for the airline industry as part of the FinTech Abu Dhabi Innovation Challenge (the Innovation Challenge).

/Innovation

Glint prepares for US launch

Glint, the fintech company on a mission to provide everyone with a reliable form of money is now set to enter into the US market with its alternative to banking by introducing a global currency account that uniquely enables gold to be used as money.

SoftBank to invest $100m in Chinese insurtech JV

/Innovation

SoftBank to invest $100m in Chinese insurtech JV

Japanese multinational SoftBank, one of the most prolific fintech investors, is set to spend $100m on a joint venture with Chinese digital insurer ZhongAn Online.

/Innovation

Apiax releases new regtech tax product

Zurich-based RegTech startup Apiax’ new product allows banks and asset managers to factor the tax impact of financial instruments into their investment recommendations.

/Innovation

World Bank raises $110 million with blockchain managed bond

The Commonwealth Bank (CBA) has helped its client, the World Bank, launch bond-i - the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology.

Equity Bank spins off digital arm as standalone fintech startup

/Innovation

Equity Bank spins off digital arm as standalone fintech startup

Equity Group Holdings, Kenya's second-largest bank, is spinning off its tech subsidiary into a commercial entity, dubbed Finserve.

Singapore presses ahead with blockchain-based Project Ubin

/Innovation

Singapore presses ahead with blockchain-based Project Ubin

Singapore's central bank is working with the Singapore Exchange and three technology partners - Anquan, Deloitte and Nasdaq - to develop Delivery versus Payment (DvP) capabilities for settlement of tokenised assets across different blockchain platforms.

CBA applies blockchain and IoT to agribusiness

/Innovation

CBA applies blockchain and IoT to agribusiness

Commonwealth Bank of Australia is experimenting with the use of Internet of Things and blockchain technology to help business clients more efficiently buy and manage expensive assets such as farming equipment.

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