Latest Innovation News: Finextra Research

BMO Harris opens applications for fintech innovation programme

BMO Harris Bank today announced its second annual BMO Harris / 1871 Innovation Program, which is focused on engaging and mentoring early-stage technology startups that have innovative solutions in lending, financial planning, digital tools and data analytics.

09 May 2018

News/Innovation

Forget the sandbox, just build a web page - SEC commissioner

A newly-appointed SEC commissioner has taken a swipe at the global trend for establishing fintech sandboxes, arguing that they place regulators and the regulated too close together, and instead calling for a more hands off, beach lifeguard-style approach to oversight.

08 May 2018

Company update/Innovation

Wells Fargo welcomes latest accelerator startups

Wells Fargo & Company (NYSE:WFC) announced today two early stage companies – Alpharank and Amicus.io – as the latest startups to join the Wells Fargo Startup Accelerator.

08 May 2018

Company update/Innovation

2018-19 Budget steady for Australian fintech – but the big news is yet to come

Australia’s fintech industry will benefit from a number of important support measures in tonight’s 2018-19 Australian Budget but will be forced to wait for the big news about the details of Australia’s open banking framework.

08 May 2018

News/Innovation

OCBC Bank to spend $20 million on digital upskilling programme

Singapore's OCBC Bank is to spend $20 million on a workforce digital transformation programme designed to equip its 29,000 staff with the skills required to stay relevant in a technologically-driven banking culture.

08 May 2018

News/Innovation

VCs back new holding company for payments startups

A host of big-name VCs, including Bain Capital Ventures and Nyca Partners, are backing a new holding company planning to build up a stable of innovative payment firms.

04 May 2018

Finextra TV/Innovation

Liquidity Express: Innovation at its best

Mark Smith, Head of Global Liquidity, Global Transaction Services, Bank of America Merrill Lynch, talks about the new product Liquidity Express, what it does and how it was developed, how will it help clients with their operations and what the top liquidity priorities for corporates this year are.

03 May 2018

Company update/Innovation

Gartner survey reveals scarcity of blockchain deployments

Only 1 percent of CIOs indicated any kind of blockchain adoption within their organizations, and only 8 percent of CIOs were in short-term planning or active experimentation with blockchain, according to Gartner's 2018 CIO Survey.

03 May 2018

Company update/Innovation

Central Bank of Sri Lanka preps fintech sandbox

With the rapid growth in Financial Technology (FinTech) innovations in the country, the Payments and Settlements Department of the Central Bank of Sri Lanka has identified the need to provide an environment that nurtures and promotes their advancement whilst maintaining appropriate regulatory standards.

03 May 2018

News/Innovation

Enterprise Ireland to run 'Fintech Census'

Enterprise Ireland is to draw up a 'Fintech Census' to map the country's burgeoning digital ecosystem and inform future policy across the areas of tax, employment, regulation and investment.

03 May 2018

Company update/Innovation

Oz startup Trade Ledger wins Barclays Open Innovation challenge

Aussie trade financing deep technology startup, Trade Ledger, has finished ahead of nine other VC-backed companies from across the world to be named the winner of the Barclays UK Ventures “Open Innovation Challenge 2018” in London this week.

02 May 2018

News/Innovation

Brexit, cyber-resilience, Open Banking to the fore at Swift London forum

The Swift Business Forum London recently took place at the city's Tobacco Dock. With a record 1,300 registrations, the key themes of the day included innovation in financial services, community collaboration, and cyber resilience. And of course, being hosted in the UK, Brexit and its potential impacts also came up in discussion

02 May 2018

Finextra TV/Innovation

Going live with real client solutions

Jan Kupfer, Head of Corporate & Investment Banking Germany, Member of the Management Board, UniCredit Bank AG, talks about the main challenge clients are facing today, what the key drivers for innovation are and what to expect for 2018.

02 May 2018

News/Innovation

Cinnober sets up Lightning node to test scalability on the blockchain

Capital markets software house Cinnober is running tests on the Lightning Network to determine its potential for scaling up cryptocurrency transactions across the bitcoin blockchain.

02 May 2018

Company update/Innovation

Finastra joins France's Finance Innovation hub

Finastra today announced that it has joined Finance Innovation – a community focused on supporting innovation across all areas of financial services in France.

02 May 2018

Company update/Innovation

Banks tune in to benefits of Open Banking and real-time payments

As open banking continues its rapid ascent, nearly 90 percent (87) of banks globally plan to move forward with open APIs, according to new benchmark data, “2018 Global Payments Insight Survey: Retail Banking,” from ACI Worldwide (NASDAQ: ACIW) and Ovum.

30 April 2018

News/Innovation

UK fintech sector calls on Government to tone down hostile immigration policy

With the UK's 'hostile' policy towards immigration claiming its first political casualty in the shape of Home Secretary Amber Rudd, Innovate Finance has waded into the debate warning about the threat to the fintech sector from a tightening of the rules on overseas workers.

30 April 2018

Finextra TV/Innovation

More data management by the buy-side

Marion Leslie, Managing Director, Enterprise, Thomson Reuters, talks about the current buy-side trends from an enterprise data perspective, how customers describe their needs given these market trends, and what customers can do to adapt and evolve in order to drive future success.

27 April 2018

Company update/Innovation

BNP Paribas welcomes 11 startups to third phase of Plug and Play accelerator programme

In 2016, the BNP Paribas Group began to partner with Plug and Play – the Silicon Valley-based international innovation platform linking startups with larger corporations and investors – through Bank of the West, the Group’s subsidiary in California.

27 April 2018

News/Innovation

Mitsubishi to create dedicated AI unit

Mitsubishi UFJ is to consolidate its disparate artificial intelligence development programmes, moving R&D away from distinct business departments to a new AI Studio (M-AIS) within its Japan Digital Design subsidiary.

27 April 2018