Non-bank competitors

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Microsoft releases report on FSI's readiness in AI across APAC

Today, Microsoft Asia and IDC Asia/Pacific released findings specific to the Financial Services Industry (FSI) from the study Future Ready Business: Assessing Asia-Pacific’s Growth with AI1, which found that organizations with AI expect to see 41% improvement in competitiveness in three years.

Sibos 2019: How to innovate beyond open banking

/Non-bank competitors

Sibos 2019: How to innovate beyond open banking

Spotlight sessions at Sibos 2019 in London had one key message: change is the only constant in open banking. Lisa Robins, global head of transaction banking at Standard Chartered, kicked off afternoon keynotes at the Excel Centre by comparing how Shazam solves the problem of forgetting the name of songs to how open banking has disrupted the financial services industry.

/Non-bank competitors

Surecomp appoints Eyal Hareuveny as new CEO

Surecomp, the global trade finance fintech leader, made several top-level management organisational announcements today.

Sibos 2019: Should banks trust in the UK despite Brexit uncertainty?

/Non-bank competitors

Sibos 2019: Should banks trust in the UK despite Brexit uncertainty?

Welcoming business leaders and industry experts to the Excel Centre in London for Sibos 2019, Swift innovation manager Innes Macleod takes to the stage to divulge Innotribe’s mission and reflect on the technological and societal changes that are challenging the financial services sector, with input from renowned experimental physicist and celebrity figure Professor Brian Cox.

/Non-bank competitors

Swiss fintech neon closes 5mn series A financing

Zurich-based fintech neon has successfully closed its next financing round of 5mn CHF for further product expansion.

/Non-bank competitors

B-Hive, EBF, Febelfin and FinTech Belgium launch Digital Finance Summit

B-Hive, the European Banking Federation, Febelfin and FinTech Belgium join forces and today announce the very first Digital Finance Summit, on November 27, 2019 in Brussels. At the event - the biggest fintech conference ever in Belgium - entrepreneurs, financial services providers and policy makers will gather in the heart of Europe to shape the future of the European fintech ecosystem.

Tech Nation opens applications to scale up the new Monzo or Starling

/Non-bank competitors

Tech Nation opens applications to scale up the new Monzo or Starling

Entrepreneur network Tech Nation has opened applications for three of its growth programmes: Future Fifty, Upscale and Rising Stars. These initiatives have proved to be successful in the past with alumni including the likes of Monzo, Starling Bank, Funding Circle, Darktrace, Deliveroo and Skyscanner.

Chinese official voices digital coin plans

/Non-bank competitors

Chinese official voices digital coin plans

More details have emerged around China's plans to issue its own digital coin following a lecture given by a senior official at the central bank.

/Non-bank competitors

North east UK prepares for fintech conference

Following successful conferences in Manchester and Leeds this year, FinTech North has announced its first full-day conference in the North East. Hosted at the Sage headquarters in Newcastle, the free-to-attend event will take place on 25 September 2019.

/Non-bank competitors

B-North selects Mambu for core banking

B-North, the Manchester-based firm building an SME lending bank for the UK, has selected Mambu, the SaaS banking engine, to provide its core banking technology.

/Non-bank competitors

Raisin and Monese team up for pan-European savings app

Monese, the banking service that gives people the financial freedom to thrive anywhere, is announcing a pan-European partnership with the cross-border deposits marketplace Raisin.

M-Payment firms form Euro association

/Non-bank competitors

M-Payment firms form Euro association

Seven mobile payment firms covering more than 25 million registered users are clubbing together to form the European Mobile Payment Systems Association (EMPSA) which its members say will foster collaboration and facilitate international payments.

What are the benefits of being born in the cloud?

/cloud

What are the benefits of being born in the cloud?

An increasing number of challenger banks, neobanks and digital offshoots are being born in the cloud and the technology is now being used by traditional banks and new players alike for all IT needs. Banks that are born in the cloud are at an advantage because legacy players that are in the process of migrating to the cloud are struggling with application modernisation, data centralisation and security.

Singapore to accept first digital bank applications

/Non-bank competitors

Singapore to accept first digital bank applications

Two months after announcing plans to issue digital banking licences, the Monetary Authority of Singapore (MAS) is set to accept the first applications.

Avoiding artificial stupidity

/ai

Avoiding artificial stupidity

While most financial applications of artificial intelligence have been in the customer service space, there are other areas that banks are working with to improve through implementation of innovation technology.

Singapore fintech employment remains strong with minimal talent shortage

/startups

Singapore fintech employment remains strong with minimal talent shortage

According to a survey put together by the Singapore FinTech Association (SFA) and PwC Singapore, 42% of fintech firms in Singapore have over 30 employees and a further 31%, between 11 and 30 employees.

/Non-bank competitors

11:FS welcomes ex BCG Ventures and Apple head of talent

11:FS​, the challenger firm defining and building digitally  native financial services through technology, product and design expertise, today  announced Michael Curds has joined the firm as Head of Talent.

Dissecting AI hype and FOMO

/ai

Dissecting AI hype and FOMO

While artificial intelligence is transforming several industries, the financial sector has a lot to learn from specific case studies in non-banking areas such as health, travel and retail. To start at the beginning, despite the term AI having been bandied about with a number of different definitions, the actual definition is simple: technology that appears intelligent.

The Future of AI: Applications for banking business transformation

/ai

The Future of AI: Applications for banking business transformation

While artificial intelligence has established itself as a disruptive technology for decades, AI is at the peak of the hype cycle now and banks have started to apply this technology to transform traditional models of businesses.

APIs in the cloud are now the prevailing archetype

/cloud

APIs in the cloud are now the prevailing archetype

The future lies in microservices in the cloud. While the financial services industry continues to discuss digital transformation, actions speak louder than words. Organisations that want to meet the needs of the next generation of consumers will use software comprising small services that communicate over well-defined application programming interfaces (APIs) deployed independently – the microservices approach.

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