Innovation

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/startups

Bank of America signs on as founding corporate sponsor of SciTech Scity Innovation Campus

Liberty Science Center (LSC) announced today that Bank of America has signed on as a Founding Corporate Sponsor of SciTech Scity, LSC’s planned 30-acre innovation campus that will launch and grow dozens of world-changing science and technology companies and reimagine K-12 science education.

/startups

Wells Fargo Innovation Icubator ramps up funding for cleantech startups

The Wells Fargo Innovation Incubator (IN2) today announced that it has accelerated its awards program to provide $900,000 to help cleantech and sustainable agriculture startups retain staff and stay on track to bring their potentially game-changing solutions to market in the face of impacts due to COVID-19.

/devops

Kings College London scoops financial app competition prize

The Investing and Saving Alliance (TISA), the UK’s cross-industry financial services membership body, has announced the winners of its Savings Culture Marketing Competition for university students, a pilot initiative aimed at strengthening the UK’s savings culture through technology-driven solutions.

/startups

Visa boasts of fintech Fast Track success

Fintechs are a central part of the global payments ecosystem, and amidst COVID-19 have launched further into the spotlight, reporting sizable upticks in the usage of their apps1, as more people manage their money from their personal devices.

/retail

Bank of America funds data analytics lab at Converse College

Bank of America has awarded $145,000 to Converse College in support of the college’s new data analytics program.

/retail

Thought Machine’s creative arm, Cauldron, partners with design studio ustwo

Thought Machine’s internal design studio, Cauldron, has announced a partnership with ustwo to combine their individual strengths and experience and bring them to bear in financial services and banking innovation.

/payments

Contactless payment ring provider K Wearables migrates to Moorwand for issuing services

Moorwand, a BIN sponsor, issuer and acquirer that transforms compliance into an enabler of innovation, today announced that it has been selected by wearables payment company, K Wearables, to provide issuing, BIN Sponsorship and digital banking services for its innovative contactless payment ring.

/Innovation

Nesta unveils winners of community lender credit challenge

Three partnerships between community lenders and fintechs have secured a cash prize of £200,000 each for developing innovative solutions that make credit more accessible and affordable, particularly for the most vulnerable.

/devops

Philippines student team wins Finastra’s global hackathon

Finastra has crowned Team ‘WonderTech’ the grand prize winner of its largest ever global fintech hackathon on its open development platform, FusionFabric.cloud.

/Innovation

MatchMove opens Fintech Academy

MatchMove, Singapore’s-leading digital native Application Programming Interface (API) led ‘Banking-as-a-service’ platform provider, today announced the set-up of the MatchMove FinTech Academy, to offer specialized training programs to students, professionals as well as the silver generation.

/Innovation

AIB innovation events go digital in face of Coronavirus epidemic

AIB will now conduct elements of its Future Sparks Festival event online following recent warnings over COVID-19 (Coronavirus).

/startups

OTP Bank collaborating with startups in five countries for third annual programme

OTP Bank’s third Startup Program holds several records, as it is the banking group’s most comprehensive startup collaboration initiative in terms of the number of applying startups, the number of startups selected for pilot projects, and the number of group members participating in the initiative.

/Innovation

Tokyo Stock Exchange starts proof-of-concept testing of Symphony bot

Tokyo Stock Exchange, Inc. (TSE) uses TDnet to distribute timely disclosure releases from listed companies.

/startups

Rabo Frontier Ventures commits to Speedinvest 3

Rabo Frontier Ventures (“RFV") has committed to Speedinvest’s new fund (Si3). With its latest fund Speedinvest aims to build a portfolio of 80 to 100 investments in European technology startups.

/Innovation

BIS appoints Innovation Hub heads in Singapore and Switzerland

The Bank for International Settlements (BIS) today announced two key appointments to the BIS Innovation Hub, a new initiative designed to support central bank collaboration on new financial technology.

/Innovation

Emerging Payments Association picks Luxembourg as EU home

The Emerging Payments Association (EPA), the leading London-based professional association of payment players, which brings together more than 150 operators from all areas of the payment value chain, is expanding its European Union network from Luxembourg.

/Innovation

Nium opens innovation lab for fintech entrepreneurs

NIUM, one of world’s largest Global Financial Infrastructure Platform provider today announced the launch of “BOLT”, its unique platform to boost innovation in the global Fintech space, and help entrepreneurs speed their products / services to market.

/startups

InComm opens innovation studio

Payments technology company InComm announced today the launch of Go StudioTM, its innovation hub dedicated to developing emerging technologies for customer-centric products and solutions.

/startups

Report finds Bristol & Bath is a UK hotspot for fintech entrepreneurs

The Bristol & Bath region has one of the strongest FinTech ecosystems in the UK with a high number of fast-growing FinTech startups and scaleups, according to a new report from regional strategy consulting firm Whitecap Consulting.

/Innovation

FinTech Australia signs collaboration agreement with Geneva Fintech

The peak financial technology (fintech) industry bodies in Australia and Switzerland have signed a memorandum of understanding to help drive increased collaboration as well as knowledge sharing between the two growing fintech markets.

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