Innovation

3448 articles tagged with this keyword

/Innovation

Deutsche Bank prepares for digital future

Deutsche Bank is creating a 'digital factory', bringing together some 400 software developers, IT specialists and banking experts to develop new products and services as it struggles to reposition the bank for a digital future in the face of challenging market conditions.

/Innovation

Visa opens first Asian innovation centre

Visa has opened its first purpose-built innovation centre in Asia-Pacific, using the Singapore destination as the springboard for the advance of next-generation payment technologies across the region.

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SETL and Computershare to apply blockchain tech to share ownership records

SETL, the post-trade blockchain startup founded by former Chi-X chief Peter Randall, is to work with Computershare on a joint initiative to establish securities ownership registers using distributed ledger technology.

/Innovation

Citi Ventures make strategic investment in alternative lender Blue Vine

Citibank's Silicon Valley-based venture arm has made an undisclosed strategic investment in working capital firm BlueVine.

/Innovation

Tangerine Bank rebuilds mobile app for biometric authentication

Tangerine Bank in Canada has rebuilt its mobile app to include eye-scanning technology, voice activated biometrics, and in-app secure chat.

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Mobey Forum sets up 'Banking Disruption' work group

Bank-backed mobile policy group the Mobey Forum is to extend its remit to cover the profound shifts shaking up the dynamics of modern banking through a new 'Banking Disruption' work group.

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UK government looks to blockchain tech to track taxpayer money

The UK government could use distributed ledger technology to track student loans and aid money, according to Minister for the Cabinet Office Matt Hancock.

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Trov raises $25.5m for on-demand insurance app

After raising $25.5 million in a Series C funding round, mobile-based on-demand insurance platform Trov is gearing up to launch in its first market, Australia.

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Stripe invites teams of collaborators to apply for jobs

Fast-growing payments outfit Stripe is experimenting with a new recruitment policy, inviting teams, rather than individuals, to apply for jobs.

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Absa to trial AI-driven chatbots to answer customer queries

Barclays' South African subsidiary Absa is to embark on a trial of chatbots, using artificial intelligence to answer simple customer queries posted over popular smart messaging apps.

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DBS launches mobile-only bank in India

Singapore's DBS has launched a mobile-only bank in India, incorporating a host of ground-breaking technology, from AI to biometrics.

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ECB investigates use of distributed ledger but warns of far-reaching consequences

The European Central Bank is looking into the use of distributed ledger technology (DLT) for the Eurosystem's market infrastructure but is wary of the far-reaching consequences for the role of central bank money, says executive board member Yves Mersch.

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Bitcoin exchange Bitstamp wins Payment Institution status

Luxembourg has granted Payment Institution status to European cryptocurrency exchange Bitstamp, providing the firm with a passportable license in 28 EU member states.

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Morgan Stanley report dampens distributed ledger hype

A new Morgan Stanley report poured cold water on some of the wilder claims about how and when distributed ledger technology will transform the financial services industry.

/Innovation

The digital interface is the future of banking

Peter Dalton, group general manager, innovation at ANZ, believes the next fintech revolution will be in the customer interface.

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MEPs warm to distributed ledger tech

Members of the European Parliament (MEPs) have vowed not to regulate virtual currencies and distributed ledger technology out of existence.

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PayPal leads $30m round in spare change investment app Acorns

Acorns, an app that automatically invests the change from debit and credit card purchases into stocks and bonds, has raised $30 million from PayPal, with participation from the Rakuten Fund.

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Ally Financial targets shopaholics with 'Splurge Alert' app

Ally Financial is piloting an app called 'Splurge Alert' that uses geolocation technology to identify when users are near to stores that they overspend in and alerts friends who can intervene.

/Innovation

Swift sets out distributed ledger position

As the hype surrounding distributed ledger technology continues to build, Swift is acknowledging the inevitable and promising to evolve its platform to enable DLT-based services - but only when a series of "critical factors" have been addressed.

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Digital Asset Holdings acquires Swiss startup Elevence

Distributed ledger outfit Digital Asset Holdings has acquired Zurich-based Elevence Digital Finance, a startup that has developed a modelling language for determining rights and obligations in blockchain collaboration agreements.