Latest Innovation News: Finextra Research

India's central bank issues cryptocurrency ban

The Reserve Bank of India (RBI) has banned regulated banks and its account holders from dealing in cryptocurrencies.

06 April 2018

NIFT and TPS to build digital banking platform in Pakistan

National Institutional Facilitation Technologies (NIFT) and TPS have entered into a strategic partnership to build a Digital Financial Services Platform in Pakistan.

05 April 2018

Company update/Innovation

NAB launches online app store for merchants

NAB has today announced it has launched NAB Marketplace, where businesses can download apps to their merchant terminals to develop their business and bring an innovative value-added experience to their customers.

05 April 2018

Company update/Innovation

ICICI Bank launches social media-based cross-border remittance service

ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of a service that enables Non Resident Indians (NRIs) to send money to a beneficiary in India using social media like WhatsApp and e-mail.

04 April 2018

News/Innovation

South Africa's central bank mulls cryptocurrency regulations

The South African Reserve Bank (Sarb) is setting up a dedicated unit to monitor cryptocurrency and fintech developments and inform future regulations and its first job will be to set up a proof of concept (PoC) for DLT-based interbank clearing and settlement.

04 April 2018

Finextra TV/Innovation

Disruption in SME Banking

Daniel Meere, Managing Director, Axis Corporate, talks about how UK SMEs are impacted by the lack of competition in the market for banking services aimed at them, how Williams & Glyn Capability and Innovation funding and Open Banking are currently under way to try to change this situation, how established and new players in the UK banking market are reacting and what they should be doing to better meet the needs of SMEs.

03 April 2018

Company update/Innovation

Citi hosts Open API day in Hong Kong

Citi Hong Kong ("Citi") hosted an Open API Information Day ("Info Day") on March 28, 2018 to enthusiastic response from over 140 participants from 20 business partners.

03 April 2018

Company update/Innovation

AI startup vPhrase wins Temenos Innovation Jam Hong Kong

Temenos (SIX: TEMN), the banking software company, announces that the audience of the Innovation Jam in Hong Kong has voted vPhrase the winner of the fintech competition.

29 March 2018

News/Innovation

BNP Paribas 'teleports' property investors to future home

BNP Paribas is inviting property investors to don a virtual reality headset to meet with brokers and take a 3D tour of prospective house purchases.

29 March 2018

Company update/Innovation

Lattice80 creates fintech database

With explosive growth in the fintech ecosystem, startups in several sub-categories, investors, regulatory bodies and various other stakeholders have developed along globally.

29 March 2018

Company update/Innovation

Avaloq becomes founding partner of FinTech Scotland

Avaloq, an international fintech providing services and digital solutions to banks and wealth managers, has become a founding partner of FinTech Scotland, a newly-established company tasked with promoting Scotland as a global fintech hub.

29 March 2018

Finextra TV/Innovation

Payments transformation: the platform for unprecedented opportunities

Martin Coen, President of the new Enterprise Payments Solutions division within Fiserv, talks about the key changes in the payments market, the challenges faced by financial institutions and the help available to financial institutions to address their payments challenges as the opportunities available are unprecedented.

28 March 2018

Company update/Innovation

Mobey Forum launches Internet of Things expert group

Mobey Forum, the global industry association empowering banks and other financial institutions to lead in the future of digital financial services, today announces the formation of its latest expert group, exploring the evolution of the Internet of Things (IoT) and the opportunities it creates to enhance the delivery of financial services.

28 March 2018

Company update/Innovation

DBS looks for new tech talent through Hack2Hire programme

In an all-out effort to identify and hire the best emerging technology talent in Singapore, DBS announced today that it plans to hire up to 100 of the brightest tech sparks through its Hack2Hire programme.

27 March 2018

Finextra TV/Innovation

AI sweet spot for customer convenience and experience

Martin Häring, Chief Marketing Officer, Finastra, talks about the hype around artificial intelligence, what quick wins banks can expect to reap from AI, from back office benefits to front office implications on customers, and whether customers will see AI being used in their bank branches soon.

27 March 2018

News/Innovation

Finma: Cyber attacks are the biggest operational hazard facing the financial sector

Swiss supervisory watchdog Finma has identified cyber security risks as it chief policy concern for 2018.

27 March 2018

Company update/Innovation

B-Hive to operate Belgium fintech innovation dashboard

B-Hive, the collaborative innovation fintech platform that brings together banks, insurers and market infrastructure players to work on common innovation challenges and build bridges to the start-up and scale-up community, today announces the launch of B-Lens 2018, in cooperation with Roland Berger, a global strategy consulting firm and associate partner of the B-Hive community.

27 March 2018

News/Innovation

PKO Bank Polski to store client files on Coinfirm blockchain

PKO Bank Polski is tapping technology from blockchain outfit Coinfirm to build an immutable record of client transactions and agreements.

27 March 2018

News/Innovation

BBVA-backed Denizen takes on Revolut and TransferWise with borderless account

BBVA has launched Denizen, a global, borderless account for expat banking that allows customers to receive money in one country and pay it out in another immediately, avoiding international transfer fees and eliminating currency exchange fees.

27 March 2018

Finextra TV/Innovation

Mapping internal and external data with RegTech

Andrew Yuille, Head of Risk Business Solutions, Thomson Reuters, talks about what is driving financial services firms to consider RegTech, how the established institutions are looking at RegTech to help FinTechs and Challenger Banks compete, and how the RegTech landscape is likely to evolve in the next 5 to 10 years.

26 March 2018