Innovation

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Global fintech funding hits record $5.4bn in Q1

/Innovation

Global fintech funding hits record $5.4bn in Q1

VC-backed fintech firms raised a record $5.4 billion in the first quarter of 2018, boosted by a dozen mega-rounds of at least $100 million, according to the latest figures from CB Insights.

/Innovation

DFS Labs invests in four African fintech startups

Digital Financial Services Lab (DFS Lab), a fintech accelerator funded by the Bill and Melinda Gates Foundation, today announced it would invest $200,000 in four separate startups that are building financial service products for low-income and unbanked consumers in developing markets.

Sberbank prepares for a robotic future

/Innovation

Sberbank prepares for a robotic future

Sberbank is collaborating with Russian venture capital outfit, Internet Initiative Development Fund, on a programme for accelerating intelligent robotics projects.

Irish central bank tunes in to fintech

/Innovation

Irish central bank tunes in to fintech

The Central Bank of Ireland is launching an innovation hub and industry engagement programme to keep step with the evolving fintech and regulatory landscapes.

/Innovation

Digital Asset opens developer programme for smart contracts

Digital Asset​, the leading provider of Distributed Ledger Technology for the financial services industry, today unveiled a developer program for its enterprise smart contract language, ​DAML​.

Innovation and risk under the spotlight in Canada

/Innovation

Innovation and risk under the spotlight in Canada

Rapid technological advancement was to the fore at the recent Swift Business Forum Canada, Toronto, where over 340 financial services professionals gathered to discuss the opportunities and threats that the financial services community faces

NAB and Alibaba Cloud explore opportunities for selling into China

/Innovation

NAB and Alibaba Cloud explore opportunities for selling into China

National Australia Bank (NAB) and Alibaba Cloud, the cloud computing arm of e-commerce giant Alibaba Group, are jointly hosting a hackathon to explore new ways to help Australian small businesses sell their wares in China and better serve Chinese tourists.

Mosaic Smart Data to test deep space tech for financial markets

/Innovation

Mosaic Smart Data to test deep space tech for financial markets

Capital markets data analytics company Mosaic Smart Data is exploring the potential for applying machine-learning models developed and used by the European Space Agency to financial markets.

/Innovation

Callsign wins the crowd at Temenos Innovation Jam London

Temenos (SIX: TEMN), the banking software company, announces that the audience of Innovation Jam London has voted Callsign the winner of the regional competition.

/Innovation

ADGM prepares to Plug and Play for fintech innovation

Plug and Play, the world’s largest and most successful global innovation platform, and Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, are pleased to establish the ‘Plug and Play ADGM’ office and announce the go-live date for its signature FinTech innovation programme for Abu Dhabi and the wider Middle East and North Africa (MENA) region.

/Innovation

Singapore Fintech Association established Marketplace Lending Committee

The Singapore Fintech Association (SFA) today announces the launch of the Marketplace Lending committee and website, in response to the rapid growth in the sector.

China Construction Bank puts robots in charge of branch

/Innovation

China Construction Bank puts robots in charge of branch

China Construction Bank has opened a Shanghai branch staffed by robots and packed with facial recognition, artificial intelligence and virtual reality technology.

Open Banking ends managed roll out, paving way for new services

/Innovation

Open Banking ends managed roll out, paving way for new services

The UK's Open Banking initiative has completed its three-month managed roll out programme, leaving regulated firms free to start offering related services.

BBVA invests $50m in Chinese AI-focused fund

/Innovation

BBVA invests $50m in Chinese AI-focused fund

Spanish bank BBVA is pumping $50 million into an artificial intelligence-focused investment fund run by the former president of Google China.

/Innovation

Societe Generale and Wavestone open 2nd edition of the Banking Cybersecurity Innovation Awards

After last year's successful first edition, Societe Generale and Wavestone are launching the second edition of their challenge for startups and innovative SMEs in cybersecurity.

/Innovation

Sberbank and HSE business incubator looking at 600 start-up ideas

Sberbank and the Higher School of Economics’ business incubator is beginning to review ideas for start-ups that were submitted to the corporate business accelerator.

/Innovation

Seismic Foundry portfolio firms join SEI incubaotr Codify

Three of the portfolio firms that were invested in by the Seismic Foundry Capital Markets FinTech fund have joined the SEI supported incubator, Codify, based in their Alphabeta building in Finsbury Square, London.

/Innovation

Visa takes Everywhere Initiative to Nairobi Tech Week

Visa has announced that it will be opening up the first Visa Everywhere Initiative for Sub Saharan Africa to young developers at this year’s Nairobi Tech Week (NTW) taking place from April 19- 21.

Barclays Bank sets up tech venture unit

/Innovation

Barclays Bank sets up tech venture unit

Barclays Bank has launched a new venture unit to invest in and partner with tech companies in a drive to find new opportunities for growth and innovation.

/Innovation

Mark Zavadskiy appointed Sberbank VP for digital partnerships

Sberbank announces the appointment of Mark Zavadskiy as Vice President for Strategic Digital Partnerships at Sberbank.

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