Latest Innovation News: Finextra Research

Cyprus watchdog sets up innovation hub

The Cyprus Securities and Exchange Commission (the “CySEC”) is pleased to announce the establishment of its Innovation Hub, designed to address and explore the rise of FinTech and RegTech developments.

27 July 2018

Company update/Innovation

FIA nabs Barclays' Rise as Innovators Pavilion partner

FIA today announced that Rise New York, created by Barclays, has joined the FIA Innovators Pavilion as a community partner. Rise New York will help FIA promote the Innovators Pavilion, FIA’s annual fintech showcase.

26 July 2018

News/Innovation

Chairman warns CFTC is years behind on blockchain

The chairman of the Commodity Futures Trading Commission has lamented laws that prevent it from working with outside entities on research into areas such as blockchain, warning that the barriers are leaving it years behind regulators in other countries.

26 July 2018

Finextra TV/Innovation

Regulation, Brexit and cyber security, all front of mind in retail space

Veerle Damen, Head of International Product and Network Management, RBS, Natwest, talks about how network management is evolving within transaction services and how regulation, Brexit and cyber security are front of mind for financial institutions in the retail space.

26 July 2018

Company update/Innovation

Singapore Airlines rolls out blockchain-based digital loyalty wallet

The SIA Group’s KrisFlyer frequent-flyer programme today launched KrisPay, the miles-based digital wallet which enables members to convert KrisFlyer miles into KrisPay miles instantly for everyday spending at partner merchants island-wide.

26 July 2018

Finextra TV/Innovation

WealthTech and Wales: FinTech outside of London

Richard Theo, CEO, Wealthify, & Government FinTech Envoy for Wales, talks about how Wales is growing as a FinTech hub, what goals are set for the future of Wales, how WealthTech services need to be labelled more accurately and what role AI plays in the WealthTech industry.

25 July 2018

Finextra TV/Innovation

Traditional banks must follow global trends to succeed in the future

Adolfo Tunon, Regional Head of Product, Europe Global Liquidity Cash Management, HSBC, talks at EBAday 2018 about the current climate for transactional services in Europe, what is required of bank to succeed in this environment and whether they have what it takes to become successful despite the challenges it presents.

24 July 2018

Company update/Innovation

Ascent RegTech chosen for BMO Harris / 1871 Innovation Programme

Chicago—Ascent Technologies, Chicago—Ascent Technologies, a leading regulatory technology (regtech) company, has been chosen as one of four startups to take part in the BMO Harris / 1871 Innovation Program.

24 July 2018

News/Innovation

Worldpay runs PoC for 'Drone Pay' technology

Worldpay is investigating the use of drone technology and 'contactless doormats' to combat the growing issue of parcel fraud.

24 July 2018

News/Innovation

Digital Asset to provide 'blockchain-as-a-service' via Google Cloud

Digital Asset is porting a suite of blockchain-based technology to Google Cloud, providing an on-demand environment for developers to build, test and deploy distributed ledger applications.

24 July 2018

News/Innovation

BofE confirms revamped RTGS will be able to interface with distributed ledgers

The Bank of England has confirmed that the rebuild of its real-time gross settlement (RTGS) platform will be able to interface with systems running distributed ledgers following proof-of-concept trials with four fintech firms.

23 July 2018

Finextra TV/Innovation

The European payments landscape bubbling with change

Michèle Zaquine, Payment Advisory Europe, HSBC, talks at EBAday 2018 about the impact of SWIFT GPI will have on cross border payments, what the latest and future developments are in the European payments landscape, and what trends are keeping HSBC's clients up at night.

23 July 2018

Finextra TV/Innovation

Changing how money is moved around the world

Ronnie Millar, CEO, PaySend, talks about what changes have been made today to help people move money abroad more easily, how PaySend have developed a business solution is to tackle this, the importance to taking security seriously and what other trends are on the horizon in the payments market.

23 July 2018

Finextra TV/Innovation

Focus now clear on corporate virtual account management

Tim Martin, Product Manager, Cashfac Technologies, & David Bannister, Principle Analyst, Ovum, talks at EBAday 2018, about the need for corporates to have a virtual account system, how virtual accounts work in the highly regulated banking environment and how the open banking systems will effect virtual account management.

20 July 2018

News/Innovation

FS giants in rush for blockchain patents

The great blockchain patent chase continues apace, with Barclays, Mastercard and American Express all filing applications in recent weeks.

20 July 2018

Company update/Innovation

SocGen announces winners of cybersecurity innovation awards

The jury of the 2018 BCSIA, comprising managing directors and experts from Societe Generale and Wavestone, as well as from ANSSI, Institut Mines Telecom and Les Echos, rewarded the four winners selected from a shortlist of eight startups finalists.

20 July 2018

Company update/Innovation

Intesa Sanpaolo innovation centre heads to unbound London

For the third year running, the Intesa Sanpaolo Innovation Center is a partner of "unbound London", one of the major innovation festivals in the world, held today and tomorrow in London at the Old Truman Brewery on Brick Lane.

20 July 2018

News/Innovation

CFPB to create regulatory sandbox for fintech startups

The US Bureau of Consumer Financial Protection has appointed lawyer Paul Watkins to lead the agency's new office of innovation, with a brief to develop a regulatory sandbox to help fintech startups bypass red tape.

20 July 2018

Company update/Innovation

Blockchain-based B2B payments startup PayStand joins SVB and First Data accelerator

PayStand, the blockchain-based, B2B payments company reinventing commercial finance, today announced that it is partnering with Silicon Valley Bank and First Data in Class 8 of Commerce.Innovated., an accelerator program focused on growth and innovation in finance.

20 July 2018

Company update/Innovation

Visa picks 12 finalists for Sub-Saharan startup contest

Leading fintech companies from the dynamic Sub-Sahara Africa (SSA) technology startup community have made it to the finals of Visa’s Everywhere Initiative, a global innovation program that tasks start-ups to solve commerce challenges of tomorrow, further enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners.

20 July 2018