Latest Innovation News: Finextra Research

Finextra goes mobile first

Welcome to the new-look Finextra, optimised for mobile and rebuilt to drive deeper engagement with our growing global community.

10 August 2018

News/Innovation

Sberbank invests in in-house accelerator startups

Russia's Sberbank is pumping a total of 27.1 million rubles (about $400,00) into six startups created by its own employees, promising to also integrate the ideas into its own ecosystem.

09 August 2018

News/Innovation

"The digitisation of assets has started," says Eurex Asia head

Products of all asset classes, from commodities to securities and debt, will increasingly be reduced to bits and bytes on a blockchain network, believes Eurex Asia head Roland Schwinn.

09 August 2018

News/Innovation

OCC to host 'innovation office hours'

Hot on the heels of its decision to start accepting fintech charter applications, the Office of the Comptroller of the Currency (OCC) is reaching out to the industry, inviting interested parties to come in to its New York offices for a chat during 'innovation office hours'.

08 August 2018

Company update/Innovation

Ecobank announces finalists of fintech challenge

Ecobank, the leading independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups.

08 August 2018

News/Innovation

Regulatory bodies consult on creation of Global Financial Innovation Network

The UK's Financial Conduct Authority has collaborated with 11 regulatory bodies from Europe, the Far East and the US on the creation of a Global Financial Innovation Network (GFIN), building on proposales earlier this year to create a cross-jurisidctional fintech sandbox.

07 August 2018

Finextra TV/Innovation

Growth hacking: Accelerating growth among FinTechs & RegTechs

Mark Murphy, CEO, Fenergo, talks about how the relationship between fintechs, regtechs, banks and asset managers has changed, why we are seeing more collaboration within the industry, and how innovative firms are driving change for their customers.

07 August 2018

News/Innovation

Arizona opens first fintech sandbox in the US

The Arizona Attorney General’s Office has opened the first fintech sandbox in the United States, enabling financial services startups to bypass red tape and begin testing their products with live consumer data.

06 August 2018

News/Innovation

Boerse Stuttgart to develop ICO platform and MTF for cryptocurrency trading

Boerse Stuttgart is doubling down on its investment in the crypto markets with plans to develop a new platform for Initial Coin Offerings, a multilateral trading venue for cryptocurrencies and safe storage of digital assets.

02 August 2018

Company update/Innovation

Singapore sets up education programme to retrain bankers for a digital world

Financial industry professionals can now seek skills upgrading, career advisory and job matching opportunities at the Institute of Banking and Finance’s (IBF) new career centre, IBF Careers Connect.

01 August 2018

Company update/Innovation

We Deedit: Collaboration between University of Edinburgh and Tesco Bank aims to tackle social issues

A new digital experience that encourages members of the public to do good deeds throughout the Edinburgh festivals has been launched today with the aim of tackling social issues such as plastic pollution, litter and homelessness.

01 August 2018

Company update/Innovation

OCC starts accepting fintech charter applications

The Office of the Comptroller of the Currency (OCC) today announced it will begin accepting applications for national bank charters from nondepository financial technology (fintech) companies engaged in the business of banking.

31 July 2018

Company update/Innovation

Finra requests comment on fintech innovation in the broker-dealer industry

FINRA today issued a Special Notice seeking comment on how it can support financial technology (fintech) innovation consistent with its mission of investor protection and market integrity.

31 July 2018

News/Innovation

US Treasury report backs open banking, fintech charter and sandboxes

The US Treasury Department has called for a radical overhaul of financial technology regulation, backing a new national fintech charter, the introduction of sandboxes, and the opening up of access to consumer data.

31 July 2018

Company update/Innovation

Sberbank runs AI contest

Sberbank announces the beginning of the Classic AI competition as part of its project to develop artificial intelligence.

31 July 2018

Company update/Innovation

Axis launches digital venture vehicle for InsurTech

AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS), today announced the launch of AXIS Digital Ventures, a new unit that will lead enterprise-wide efforts to partner with entrepreneurial companies focused on data and analytics with high value (re)insurance applications, new product opportunities including emerging risks, and new distribution and (re)insurance business models.

31 July 2018

Company update/Innovation

Meet the eight startups selected for Accenture 2018 Latin American accelerator

Eight leading financial technology (fintech) companies have been selected for the fifth annual FinTech Innovation Lab Asia-Pacific, a 12-week mentorship program created by Accenture.

31 July 2018

News/Innovation

CBA blockchain project aims to revolutionise the supply chain

Commonwealth Bank has demonstrated a new blockchain platform underpinned by distributed ledger technology, smart contracts and the internet of things (IoT) to re-configure the sharing of information across global supply chains.

31 July 2018

Finextra TV/Innovation

Facilitating SCT Inst migration

Hays Littlejohn, CEO, EBA CLEARING, explains how the system supports aggregators and other AS-PSPs in migrating to SCT Inst. The pan-European instant payment system welcomed six new participants in July 2018 – including LBBW and Helaba, which connected the German savings bank sector to the platform.

30 July 2018

News/Innovation

CLS, IBM and nine banks to build blockchain marketplace

Foreign exchange settlement house CLS is collaborating with nine banks and IBM to build a shared marketplace platform - or app-store - for multiple blockchain applications.

30 July 2018