Innovation

2108 articles tagged with this keyword

/markets

Comera partners with Abu Dhabi National Oil Company to empower SMEs with smart financing

ADNOC has signed a strategic partnership with Comera Financial Holdings to enhance financial access for ADNOC’s UAE-based small and medium enterprises (SMEs) and suppliers. The collaboration will launch a financing program, enabling SMEs and suppliers to access working capital more efficiently to enable them to more swiftly deliver on ADNOC purchase orders (PO).

/startups

Citi gives out $25m to 50 non-profits in innovation challenge

The Citi Foundation (the “Foundation”) today announced the 50 community organizations around the world that will each receive $500,000 in grant support as part of its 2025 Global Innovation Challenge.

/people

Tide builds tech centre in Lithuania

Tide, the UK’s leading business management platform, is expanding its technology centre in Lithuania, reinforcing its commitment to international expansion and scaling its engineering capabilities.

/payments

Bank Dhofar signs digital banking pact with Social Protection Fund

BankDhofar has signed a cooperation agreement with the Social Protection Fund to advance financial technology solutions, underscoring the bank’s commitment to driving innovation in Oman’s banking sector and supporting the ambitions of Oman Vision 2040.

/startups

FX fintech Glyde selected for JPMorgan Chase’s Fintech Forward Programme

Borderless currency platform Glyde has been selected as one of just 15 fintechs nationwide to join JPMorgan Chase’s Fintech Forward Programme, a highly competitive accelerator designed to support high-potential UK fintechs poised to shape the future of financial services.

/identity

BIS and South African Reserve Bank invite applications for G20 TechSprint

The Bank for International Settlements (BIS) and the South African Reserve Bank (SARB) today launched the sixth edition of the G20 TechSprint focused on developing innovative solutions to promote integrity and trust in finance.

/ai

CBA taps Anthropic to accelerate AI adoption

Commonwealth Bank of Australia (CBA) today announced an expanded strategic partnership and investment in artificial intelligence (AI) safety and research company, Anthropic.

/regulation

Securities Commission Malaysia opens applications for regulatory sandbox

The Securities Commission Malaysia (SC) has released its Regulatory Sandbox Guidelines, detailing the eligibility criteria and requirements for participation.

/people

FinTech Scotland records 8% employment growth in 2024

The FinTech Scotland Cluster recorded an 8% year-on-year employment growth in 2024 bringing the total number of people working in fintech to over 11,300.

/payments

Red River Bank finds new payments provider in Allied

Allied Payment Network, Inc. (“Allied”), the industry leader in real-time, open-network payments solutions to banks and credit unions, today announced that Alexandria, LA based Red River Bank has selected Allied’s real-time payments solutions, which will integrate seamlessly with the bank’s Q2 Digital Banking Platform. Red River Bank was seeking a new payments provider that could consistently meet its high standards of service as they expand their digital money movement offerings.

/retail

Atome announces payment checkout partnership with Valiram in Singapore and Malaysia

Atome, Southeast Asia's leading digital financial services platform, is today announcing its payment checkout partnership with Valiram in Singapore and Malaysia.

/retail

Techcombank implements DataBricks data and AI solution

Techcombank, one of Vietnam’s leading financial institutions, today announced that it has implemented the Databricks Data Intelligence Platform to drive its data and AI transformation across the organization.

/retail

Valley Bank wins Datos Insights impact awards in commercial banking

Valley Bank (NASDAQ: VLY) announces it has been selected by Datos Insights, a global advisory firm in the Financial Services industry, as the winner of the 2024 Impact Award in Commercial Banking for Operational Efficiency. This is in recognition of Valley’s implementation of a new proof of concept platform, powered by NayaOne, that accelerates the evaluation of new financial products and services in a secure environment. The award was presented yesterday during the Commercial and Small Banking Business Forum in New York.

/regulation

Lift Lab resumes innovation projects for the Brazillian financial system

The Laboratório de Inovações Financeiras e Tecnológicas (LIFT), a joint initiative of Banco Central do Brasil (BCB) and Federação Nacional de Associações dos Servidores do Banco Central (Fenasbac), announces the resumption of activities following a hiatus in 2023.

/crypto

Cboe Clear Europe participates in Eurosystem CBDC trial

Cboe Clear Europe, the largest pan-European clearing house, has successfully participated in the Eurosystem’s recent exploratory work testing the use of new technologies for the settlement of wholesale transactions in central bank money. The experiments specifically aim to explore the potential of distributed ledger technology (DLT).

/ai

FE fundinfo finds only 15% of financial advisers across asset management currently use AI

New data from FE fundinfo, a leading financial data company connecting the asset management industry to distribution networks in the UK, Europe and Asia Pacific, reveals a significant uptake in technology among financial advisers, with 55% confirming they had increased spending on technology over the past year.

/startups

UK universities collaborate on fintech courses

From the rise of AI to ongoing changes in financial regulation, from equitable access to financial services to the opening of access to personal financial data - the financial services sector currently faces many challenges and opportunities.

/identity

Hazy and Unbanx launch ethical synthetic data cooperative

Leading generative AI firm, Hazy, and Open Banking data ownership platform, Unbanx, announced today the launch of the first ethical data cooperative comprising synthetically generated financial transaction data.

/markets

KPMG forms AI innovation boosting partnership with Databricks

KPMG UK has formed a strategic alliance with Databricks, a leader in data and artificial intelligence. The alliance will help the firm’s clients get the most out of their data and AI and empower them to innovate at a faster pace.

/payments

Visa revamps Singapore innovation centre

Visa, a world leader in payments, today announced the opening of its transformed Singapore Innovation Center, a dedicated space for partners, clients and businesses in Asia Pacific.