06 July 2015

Latest innovation news

Blockchain could upend post-trade infrastructure - BNP Paribas analyst

Blockchain could upend post-trade infrastructure - BNP Paribas analyst

7 hours ago  |  1181 views  |  0 comments | 3 tweets | 2 linkedin

A distributed blockchain system has the potential to completely upend post-trade infrastructure, leaving many current market players redundant, according to a BNP Paribas analyst.

European contactless adoption explodes

European contactless adoption explodes

8 hours ago  |  1092 views  |  0 comments | 2 tweets | 3 linkedin

Contactless is the new normal in Europe, with more than a billion tap-and-go purchases worth EUR12.6 billion on Visa cards in the last 12 months.

Bank regulator IT examiners need more training - report

Bank regulator IT examiners need more training - report

03 July 2015  |  2507 views  |  0 comments | 4 tweets | 4 linkedin

American banking regulators are sending staffers with "little or no" tech training to carry out IT examinations at smaller institutions, according to a report from the US Government Accountability Office (GAO).

Fintech leads the charge as VC investment in UK tech firms hits record highs

Fintech leads the charge as VC investment in UK tech firms hits record highs

03 July 2015  |  4326 views  |  0 comments | 23 tweets | 11 linkedin

Venture capital investment into Britain’s technology companies has hit a record high of nearly $1.5bn during the first six months of this year, with London-based fintech firms leading the charge.

Amazon amplifies interest in financial services with BankBazaar investment

Amazon amplifies interest in financial services with BankBazaar investment

03 July 2015  |  3922 views  |  0 comments | 10 tweets | 5 linkedin

Amazon has led a $60 million funding round in Indian financial services marketplace BankBazaar.

Nordea sets up fintech accelerator

Nordea sets up fintech accelerator

03 July 2015  |  3783 views  |  0 comments | 15 tweets | 9 linkedin

With Sweden recently staking a claim as a fintech hotspot, Stockholm-headquartered Nordea has moved to grab a slice of the action by setting up an accelerator programme with Finnish innovation agency Nestholma to nurture small businesses developing digital banking services across the Nordics.

Infosys wins AIB outsourcing deal; establishes $10 million innovation fund

Infosys wins AIB outsourcing deal; establishes $10 million innovation fund

03 July 2015  |  3315 views  |  1 comments | 2 tweets | 1 linkedin

Indian IT services group Infosys is to set aside $10 million from its $500 million innovation fund to invest in Irish startups on the back of a new outsourcing deal with Allied Irish Bank.

RBA seeks supplier for new core banking platform

RBA seeks supplier for new core banking platform

03 July 2015  |  2421 views  |  0 comments | 1 tweets | 1 linkedin

The Reserve Bank of Australia has gone to tender for a new core banking system.

Brazilian malware kingpin outed as 20-year-old student

Brazilian malware kingpin outed as 20-year-old student

03 July 2015  |  3222 views  |  0 comments | 5 tweets

A notorious cybercrook responsible for more than 100 online banking Trojans has been outed by security firm Trend Micro as a 20-year-old Brazilian computer science student.

Citi launches New York Mets social media sweepstakes

Citi launches New York Mets social media sweepstakes

03 July 2015  |  1911 views  |  1 comments | 3 tweets | 1 linkedin

Citi is wrapping 50 bicycles in New York Mets colours for a social media sweepstakes, inviting locals to post photos of the bikes on Twitter and Instagram for the chance to win baseball-related prizes.

ING names Benoit Legrand head of fintech

ING names Benoit Legrand head of fintech

02 July 2015  |  3780 views  |  0 comments | 11 tweets | 7 linkedin

ING has appointed Benoit Legrand to the newly-created role of head of fintech, charging him with developing a strategy for how the bank deals with financial technology firms.

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