Latest Innovation News: Finextra Research

Big banks join $32 million funding round in Axoni

Goldman Sachs and Nyca Partners have led a $32 million funding round in enterprise blockchain vendor Axoni.

14 August 2018

KYC, AML & Transparency for Crypto-Currencies & ICOs

Conor Coughlan, Global Head of Marketing, Fenergo, discusses the challenges facing institutions, issuers, exchanges, & investors in determining viability & suitability, for investing in crypto-currencies, ICOs and derived offerings so that this new asset class can mature, open up to institutional investors and play a more value adding role in the global economy.

14 August 2018

Company update/Innovation

Manchester bids for fintech status

Manchester is positioned to take a major role in the fintech revolution, which has seen the UK outstrip the US in investment in the last six months, says one of the city’s top lawyers.

13 August 2018

News/Innovation

BofE wants third parties to join 'atomic settlement' debate

The Bank of England has issued a call for interest to third party technology providers and financial institutions in order to explore mechanisms for implementing synchronised settlement in the renewed Real-Time Gross Settlement service.

13 August 2018

Company update/Innovation

Temenos to support Egypt's AUC Venture Lab

The Venture lab at The American University in Cairo (AUC Venture Lab), the leading university-based startup accelerator in Africa and the MENA region, and Temenos (SIX: TEMN), the banking software company, have announced their intention to collaborate and strengthen the fintech ecosystem in Cairo.

13 August 2018

News/Innovation

CBA and World Bank collaborate for DLT bond issuance

Commonwealth Bank of Australia is collaborating with the World Bank on the creation of a Ethereum-based platform for blockchain bond issuance.

10 August 2018

News/Innovation

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