Innovation

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/startups

Lloyds Banking Group and Fintech Scotland opens applications for innovation programme

Lloyds Banking Group has announced 3 new strategic innovation challenges as it opens its cohort 2 of its Launch Innovation Programme.

/retail

Sandstone Technology launches Innovation Hub

Global fintech Sandstone Technology has launched an Innovation Hub to drive the development of new solutions for their customers.

/payments

Label Ventures and Hunch to launch Payments Innovation Accelerator

A new Payments Innovation Accelerator is being launched in the UK to help innovators around the world pioneer the future of payments and make good on their resolutions to bring innovation to market in 2022.

/startups

Financial Solutions Lab launches accelerator challenge to address racial wealth gap

The eighth Accelerator program is now accepting applications from financial technology companies and nonprofits creating innovative solutions to expand access to financial health benefits and tools.

/regulation

MAS offers financial inducements to first movers of tech innovations to join regulatory sandbox

The Monetary Authority of Singapore (MAS) today announced three enhancements to its FinTech Regulatory Sandbox framework to further catalyse financial innovation and FinTech adoption.

/sustainable

BIS and Bank of Italy announce winners of G20 green TechSprint

The Bank for International Settlements (BIS) and the Bank of Italy announced today the winners of the G20 TechSprint 2021 challenge during a live award ceremony in Milan.

/retail

Santander to offer 400 MIT scholarships for emerging technologies

Banco Santander (through Santander Universities) and MIT Professional Education are offering 400 “Santander Tech | Emerging Technologies Program by MIT Professional Education” scholarships geared at courses related to in-demand technologies such as blockchain, AI, and cybersecurity in a job market dominated by digitalization and upskilling.

/startups

FinTech Wales completes first foundry accelerator programme

The inaugural FinTech Wales Foundry accelerator, created in partnership with Admiral Pioneer, Principality Building Society and Cardiff Capital Region, has now completed its 2021 programme.

/crypto

Copper.co joins Imperial College Business School’s Institutional Digital Assets Project

Copper.co, leading provider of digital asset custody and trading solutions, today announced that it is partnering with Imperial College Business School on a new Institutional Digital Assets Project, within Imperial’s Centre for Digital Transformation.

/startups

Prospa raises $3.8m pre-seed to offer software to Nigerian micro-businesses

Prospa, a YC-backed Nigerian startup offering software and financial services to entrepreneurs and micro-businesses, today announced it closed a $3.8 million pre-seed investment, which was oversubscribed by 380%. The round was backed by venture funds Global Founders Capital and Liquid 2 Ventures. Leading entrepreneurs also participated in the round including Mercury’s Immad Akhund, Ramp’s Karim Atiyeh, Teachable’s Ankur Nagpal, Todd Goldberg and Rahul Vohra’s angel investment fund, and executives from Square, Facebook and Nubank. This investment is the largest pre-seed round for a Nigerian fintech.

/startups

Barclays Eagle Labs launches second dedicated startup accelerator for black founders

Barclays Eagle Labs is launching its second 12-week virtual accelerator programme, designed to help early-stage tech businesses founded by one or more black entrepreneurs, in order to continue to help boost diversity in entrepreneurship.

/sustainable

FCA opens applications for Digital Sandbox's sustainability cohort

Building on the success of the Sandbox's first pilot, the FCA and The City of London Corporation, supported by Innovate Finance, are running a second phase of the Digital Sandbox to support the testing and development of new products and services that will aid the transition to a net zero economy.

/people

Standard Chartered Women in Tech Bahrain Programme winners revealed

The SC Women In Tech Bahrain Program announces the 5 winning teams receiving $10,000 each and 3 months of incubation at Bahrain FinTech Bay, one of MENA’s leading FinTech Hub. The winners will be able to further develop their startups, scale up, and venture into new markets. The program is an initiative by Standard Chartered Bank in partnership with the Supreme Council for Women (SCW), and Bahrain FinTech Bay (BFB).

/retail

GFT opens regional innovation hub in Manchester

With the pandemic triggering a significant increase in tech investment across the country, demand is growing for cloud, application development and data specialists.

/people

Arie Finance appoints Grunwald as group director of strategy

ARIE Finance, the bespoke digital and service-based financial ecosystem for business banking customers, has announced the appointment of David Grunwald as Group Director of Strategy. David will be responsible for corporate and investment strategy at ARIE Ventures and will also oversee the development of ARIE Finance’s marketplace banking services, strategic partnerships and the creation of ARIE Lab, an incubator for financial technologies that will serve the ARIE platform.

/wholesale

Contour opens trade finance innovation lab in Singapore

Contour has opened an innovation lab In Singapore where it will collaborate closely with its growing network of banks, corporates and ecosystem partners to research and develop novel, digitally native trade finance solutions.

/payments

Carrousel Digital seeks partner for offline payment system

Carrousel Digital, the London-based financial boutique, and its partner, Paris-based Marbeuf Conseil et Recherche, the digital security designer, announce the launch of Moneytak, a system that enables the transmission of funds and/or documents between two electronic objects without requiring connection to a server at the time of the transaction.

/startups

FinTech Scotland draws ten-year innovation roadmap

FinTech Scotland is developing a ten-year business-led research and innovation roadmap which will support the growth of Scotland’s digital economy and development of fintech innovation across the UK.

/sustainable

F10 Switzerland opens applications for sustainable finance and SME services accelerator

F10 Switzerland officially graduates its second acceleration batch during an online startup showcase with high-profile attendees from the investor and corporate space and opens applications for its third accelerator focused on sustainable finance and SME services.

/wholesale

SmartStream doubles footprint of innovation lab

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider today announce the expansion of its Innovation Lab, with the recent opening of its new workspace in Mariahilfer Strasse in Vienna, Austria.

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