Innovation

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/Innovation

Montréal gets fintech hub

Finance Montréal is pleased to announce the creation of the Montréal FinTech Station thanks to financial support from the Government of Québec.

/Innovation

The LHoFT signs MoU with University of Luxembourg

The LHoFT Foundation has signed memoranda of understanding (MoUs) with the Interdisciplinary Centre for Security, Reliability and Trust (SnT) and the Faculty of Law, Economics and Finance (FDEF) at the University of Luxembourg to develop research and collaborate on projects within the field of Fintech for the benefit of Luxembourg’s financial services community.

/Innovation

Catering to a specific, local environment

Willem Hueting, Senior General Manager, International Markets, KBC, speaks at The Temenos Community Forum: The Digital Revolution, about what the main drivers are for the bank looking to digitally transform their business, whether it is about driving efficiency or increasing commercial agility, and what lessons they need to take into account along the way.

/Innovation

Collaboration in financial services is key in Latin America

Swift's Latin American Regional Conference in Miami had a clear focus on how new market entrants and developing technologies are dramatically changing the financial landscape in the region.

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France gets blockchain accelerator

Chain Accelerator, the first European accelerator dedicated to accompanying blockchain startups, opens its doors at Paris’s StationF today.

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The devil is in the detail

Jason Lane, Group Executive, European Market Development, Mastercard, talks at Money20/20 Europe about the future of Open Banking, what obstacles we can expect to see along the way and how they should be overcome.

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DIT announces UK Fintech steering board

International Trade Secretary Dr Liam Fox MP today (Friday 15 June) launches a new drive to attract investment into the UK’s booming financial technology (FinTech) sector.

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Former Lehman fund manager plans new blockchain protocol to fix pensions crisis

A technology startup Akropolis, founded by ex-Lehman Brothers fund manager Anastasia Andrianova, has today announced it is building a new smart contract based pensions infrastructure it believes can fix the worldwide pensions crisis.

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DBS to use robot to screen applicants for human jobs

DBS is using an AI-based recruitment agent to pre-screen candidates for job interviews, reviewing CVs, firing off questions and conducting psychometric tests.

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BBVA aims to convert half of its customer base to mobile banking within the next year

Spanish bank BBVA has set a goal of converting 50% of its customers to mobile banking by 2019.

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Switzerland's Crypto Valley dangles $100,000 prize for blockchain in finance contest

The next edition of Europe’s largest blockchain startup competition is to be held on 7 November 2018 in the Crypto Valley, Zug, Switzerland.

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Alan Tsen named as new chair of Fintech Australia

FinTech Australia is pleased to announce that it's new Board of Directors will be lead by Alan Tsen as Chairman.

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Fintech Awards Luxembourg finalists unveiled

Following intense rounds of preliminary judging, the 15 semi-finalists for the 2018 Fintech Awards Luxembourg have been unveiled.

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Ripple exec says DLT not ready for banks...yet

A lack of scalability and privacy issues are preventing banks from using distributed ledger technology (DLT) to process cross-border payments, says a senior executive at one of the most prominent startups in the DLT space.

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RBC unveils $3.2bn tech budget in digital push

Royal Bank of Canada (RBC) is planning to spend $3.2bn on technology this year in a bid to attract new customers looking for more digital banking services.

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Dorsum launches My Wealth mobile app

Dorsum, a multi-award winning, innovative investment software provider, today launches the My Wealth app at the Money2020 event in RAI Amsterdam.

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Singapore to develop ethical code for AI and personal data use

Singapore's government has outlined plans to develop a governance programme around the use of artificial intelligence and personal data in its bid to become an international centre for new technology.

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UK launches £2.5bn startup initiative

The UK government has launched a series of initiatives designed to attract more foreign fintech experts to work for UK startups and to encourage those same startups to remain in the UK rather than uproot to an EU-based neighbouring jurisdiction.

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Live: EBAday2018, day two

Payments professionals from across Europe are gathering in Munich this week for EBAday 2018, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

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10,000 jobs could be lost to robots says Citi

US bank Citi has warned that it could shed half of its 20,000 tech and ops staff in the next five years due to the rise of robotics and automation.