Latest Innovation News: Finextra Research

Deutsche Bank acquires Indian Open Banking software house Quantiguous Solutions

Deutsche Bank has acquired Mumbai-based startup Quantiguous Solutions to help build an Open Banking platform connecting corporate clients to third party partners and its global transaction banking franchise.

15 May 2018

News/Innovation

Former JPMorgan blockchain leads unveil new startup

Former JPMorgan blockchain leads Amber Baldet and Patrick Nielsen have launched a new blockchain company, Clovyr, with the aim of creating a hybrid environment for sharing and playing around with enterprise-grade application development tools and datasets

15 May 2018

Company update/Innovation

Deutsche Bourse to build 'Fintech Acceleration' platform

Deutsche Börse Group and its post-trade services provider Clearstream will partner with Germany-based FinTech figo and Luxembourg-based RegTech start-up Finologee to create a common FinTech Acceleration Platform.

15 May 2018

News/Innovation

Ripple moves to build ecosystem around XRP

Ripple is looking to build up an ecosystem around its native digital asset through the launch an initiative called Xpring, which will invest in, incubate, acquire and provide grants to startups using XRP and the XRP Ledger.

14 May 2018

Company update/Innovation

Mitsubishi to pilot real funds, cross-border payment over RippleNet

Mitsubishi Corporation (MC), MUFG Bank, Ltd. (MUFG Bank), Bank of Ayudhya PCL (Krungsri), a Thailand-based subsidiary of MUFG Bank, and Standard Chartered Bank (Standard Chartered), today jointly announced the commencement of a pilot test for moving real funds over RippleNet, with the objective of making cross-border payments more convenient and further improving the capital efficiency of corporate groups.

14 May 2018

Company update/Innovation

Cryptonomics picks AlgoTrader for quant modelling

AlgoTrader Inc today announced that Cryptonomics Capital Ltd., a crypto-valley based AI crypto quant fund and blockchain boutique, has selected AlgoTrader, a single end-to-end solution for the design of its automated trading strategy, testing and deployment for all its quant modeling requirements.

14 May 2018

News/Innovation

HSBC claims blockchain breakthrough for trade finance

HSBC and ING bank have announced the successful execution of a trade finance transaction using R3's Corda blockchain platform.

14 May 2018

Company update/Innovation

PumaPay raises $117m in private token sale

Decentralized Vision, Cyprus-based blockchain company, has ended the Private Sale for its PumaPay project by raising $117 million on May 7, 2018.

14 May 2018

Company update/Innovation

Finastra appoints new CRO

Finastra today announced the appointment of Elona Ruka-Wright as its new Chief Risk Officer.

14 May 2018

Finextra TV/Innovation

IT implications and the need to pivot

Eleni Coldrey, Business Development Director, Europe, Equinix, talks about how well positioned financial services are to deliver their services digitally and through mobile technology, what challenges Open Banking and the sharing of data through API networks creates, and what issues institutions looking go digital face in terms of scale and cost.

14 May 2018

Company update/Innovation

London Block Exchange issues new crypto coins

London Block Exchange (LBX) – the UK’s only dedicated cryptocurrency exchange – has today announced it will add a slew of new coins – a coin a day in fact - to its exchange this week - Basic Attention Token (BAT), STATUS (SNT), Golem (GNT), OmiseGo (OMG) and 0x (ZRX).

14 May 2018

Company update/Innovation

Pimco takes minority stake in fintech firm Beacon

Pimco, a leading global investment management firm, has entered into a strategic partnership with Beacon Platform Incorporated, a financial technology company specialising in the development of cloud-based, end-to-end development and production platforms.

11 May 2018

Company update/Innovation

SparkLabs and Argon launch startup accelerator security token

SparkLabs Group, which has the largest accelerator network in Asia and operates global venture capital funds, has engaged with Argon Group, a leading digital finance advisory firm, to launch the first startup accelerator security token offering through their Smart City & Smart Planet Fund (sparklabs.tokenhub.com).

11 May 2018

Company update/Innovation

FinTech Scotland recruits Deloitte for expansion plan

The body representing Scotland’s thriving financial technology community, Fintech Scotland, has today announced it has entered a key strategic partnership with business advisory firm Deloitte.

11 May 2018

News/Innovation

Broadridge awarded blockchain patent for proxy voting

The prospect of applying blockchain technology to the proxy voting process has become more likely after Broadridge, one of the biggest providers of investor-related services, was awarded a patent for this very purpose.

11 May 2018

News/Innovation

Securities regulators to set up Fintech Network and ICO framework

International securities regulators are to establish a 'Fintech Network' to share information and knowledge on emerging technologies and risks to the financial system.

11 May 2018

Company update/Innovation

NSW Australia opens applications for fintech trade mission to India

The NSW Government is offering 10 NSW financial technology (fintech) startups the chance to go on an intensive one week business development program in India from 24–29 June 2018.

10 May 2018

Company update/Innovation

MetLife selects eight finalists for open innovation programme

MetLife today announced eight finalists for its open innovation programme, collab 3.0 EMEA.

10 May 2018

News/Innovation

Australian Government pushes back against bank delaying tactics on Open Banking

The Australian Government has pushed back against attempts by the country's top banks to stall the introduction of Open Banking reforms, setting a one-year timetable for the move to data sharing with third party providers.

10 May 2018

Company update/Innovation

Liechtenstein gets House of Blockchain

æternity, the blockchain 3.0 platform designed to deliver unmatched efficiency, transparent governance, and global scalability and legal firm NÄGELE Attorneys at Law proudly launched the House of Blockchain in Vaduz, Liechtenstein at an opening ceremony on Monday that featured a speech from Prime Minister of Liechtenstein, Adrian Hasler.

09 May 2018