Latest Innovation News: Finextra Research

UK payments community calls on Open Banking to do more to enable access for fintechs

A UK payments industry trade body is calling on the Open Banking Implementation Entity (OBIE) to force banks to do more to enable access for fintech firms.

22 May 2018

Company update/Innovation

Proxama CEO Woods joins Hampleton Partners to spearhead fintech M&A push

Hampleton Partners, the international technology M&A advisor, has appointed Mike Woods as Fintech sector principal to increase its expertise and exposure in one of the most active and highly-valued areas of the market.

22 May 2018

News/Innovation

Former Visa chief takes the helm at crypto banking startup

Marc O'Brien, former CEO of Visa UK and a key advisor of Revolut, has been appointed chief executive officer of mobile crypto bank Crypterium.

22 May 2018

Company update/Innovation

UK Cryptoassets Taskforce meets for the first time

The first meeting of the UK’s new Cryptoassets Taskforce took place today. The Taskforce agreed its objectives, which include exploring the impact of cryptoassets, the potential benefits and challenges of the application of distributed ledger technology in financial services, and assessing what, if any, regulation is required in response.

21 May 2018

News/Innovation

Digital banking transformation creating new systemic risks

Digital banking transformation programmes are creating a new wave of operational and systemic risks for which the industry is ill-prepared, warns UK Finance.

21 May 2018

Company update/Innovation

CBA and Mastercard join digital transport accelerator in Australia

Minister for Transport and Infrastructure Andrew Constance today announced Transport for NSW will partner with City Innovation Foundation, Mastercard, Commonwealth Bank of Australia, Optus and Amazon Web Services as part of a new Future Transport Digital Accelerator based at the Sydney Startup Hub at Wynyard Green.

21 May 2018

Company update/Innovation

Mastercard packages products to help fintech startups Accelerate

Mastercard today announces the creation of Accelerate, a new initiative to drive growth at scale for the fast-evolving FinTech industry, reflecting the company’s ongoing commitment to this sector.

21 May 2018

News/Innovation

Japanese banks join quantum computing hub

Japanese banks MUFG and Mizuho are to join a new IBM Q Hub at Keio University to experiment with future applications for quantum computing in the financial sector.

18 May 2018

News/Innovation

Government appoints Wales and Northern Ireland fintech envoys

Wales and Northern Ireland are getting their own financial technology envoys as part of a government effort to ensure that the UK maintains its position, post-Brexit, as Europe's top fintech dog.

17 May 2018

Company update/Innovation

DBS to roll out 'Live more, bank less' rebrand as digital transformation takes hold

DBS Bank, a leader in digital transformation, today signalled that the time has come for a new kind of banking.

17 May 2018

Company update/Innovation

Nuggets payments and ID privacy platform moves into alpha

Nuggets, the award-winning e-commerce payments and ID platform, has opened up its mobile app Alpha to iOS users.

17 May 2018

Company update/Innovation

AI-enhanced personal asistant Keya makes debut at Kotak Mahindra

Nuance Communications, Inc. today announced Kotak Mahindra Bank has launched Keya, the first AI-powered virtual assistant in Indian banking. Leveraging Nuance’s Natural Language Understanding and Call Steering technologies, Keya is able to understand customers’ requests without needing legacy touchtone or menu options.

17 May 2018

Company update/Innovation

FinTech Australia appoints Uber policy chief as CEO

Brad Kitschke has been appointed as CEO of FinTech Australia.

17 May 2018

News/Innovation

NextGen Banking London - live blog

Welcome to Finextra's live coverage of NextGen Banking London. The event promises to explore what the AI revolution means for banks - and what financial institutions need to do to benefit from AI, and ensure their customers do so as well.

17 May 2018

News/Innovation

PayPal partners Indonesian VC to back Southeast Asian fintech startups

PayPal is extending its Singapore fintech incubator programme to other parts of Southeast Asia after getting financial backing from Indonesian VC firm Alpha JWC Ventures.

17 May 2018

Company update/Innovation

DFSA expands fintech innovation testing programme

The Dubai Financial Services Authority (DFSA) today announced the expansion of its Innovation Testing Licence (ITL) programme in response to continued interest in FinTech and the digital economy.

16 May 2018

News/Innovation

Fidelity creates virtual reality chatbot

Fidelity Investments has created a virtual reality financial advisor to answer client queries using a suite of tools from Amazon Web Services.

16 May 2018

Company update/Innovation

NSW fintech/cyber startups set sights on London

Minister for Trade and Industry Niall Blair today announced $15,000 in sponsorship to help five NSW fintech and cybersecurity businesses join a business mission to London from 2 to 5 July 2018.

16 May 2018

News/Innovation

Simple co-founder Reich leaves for pastures new

Josh Reich, the man who kicked off the 'neo-bank' craze nearly a decade ago, is finally leaving Simple for the simple life on a farm in Oregon.

15 May 2018

Company update/Innovation

New York positions as blockchain innovation centre

Kicking off CoinDesk’s annual flagship Consensus conference as the opening keynote, NYCEDC President and CEO James Patchett today announced plans to plant a flag in New York City’s growing blockchain industry.

15 May 2018