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News/Innovation
BNP Paribas has picked eight fintech startups to take part in a four month accelerator programme that will see each firm work on developing products and services for specific areas of the bank's business.
24 March 2016
Apple is preparing to bring one-touch online shopping to the mobile Web later this year, enabling consumers with Safari browsers running on the consumer electronic group's phones and tablets to use Apple Pay and TouchID to make a purchase.
Move over payments, London's hottest fintech scene is now investment management, according to a report from PwC and Startupbootcamp which claims a host of upstarts are transforming the way money is managed.
National Australia Bank is to pilot new cloud-based data services for small business owners and an order and pay facility for fans at Aussie rules football club Gold Coast Suns.
Italy's UniCredit is the latest bank to join the fintech funding arena, committing to a $200 million war chest in partnership with London VC firm Anthemis.
23 March 2016
The UK's Financial Conduct Authority has signed a reciprocal agreement with Australian counterpart Asic to offer support for fintech startups seeking to enter each territory.
Standard Chartered Bank has opened a new innovation lab in Singapore to explore the use of emerging technologies and data sciences in support of the bank's digital transformation strategy.
The two largest Swiss banks UBS and Credit Suisse, are partnering with Swisscom, Swiss Life and Ernst & Young to launch a fintech accelerator with an international target audience.
22 March 2016
Banco Santander has formed a tech-focused international advisory board, chaired by former US treasury secretary Larry Summers, to help steer the bank's digital transformation strategy.
Santander Bank customers can now talk to their SmartBank app and ask about their card transactions, eliminating the need to manually search through statements to identify retailers and calculate spend.
Lloyds Bank and Halifax customers can now speak with a mortgage advisor from the comfort of their own home with the introduction of a new video link to consumer laptops, desktops or tablet computers.
German private bank Sutor Bank is to enter the banking-as-a-service market with the release of a new set of APIs to provide digital businesses such as fintech startups with a full range of banking processes, including investing, lending and payments.
With European banks showing huge interest in the potential of distributed ledger technology, San Francisco-based startup Ripple has opened a new office in London to serve the region, and hired former Swift exec Patricia Pittomvils as director of sales.
21 March 2016
Robo-advisors, bitcoin and blockchain, P2P lending and crowdsourcing are all too receive a boost in Australia as the Government unveils a comprehensive package of plans designed to stimulate the new fintech economy.
Neat, a mobile banking startup in Hong Kong that blends machine intelligence with biometric security, has opened its waiting list to university students and young professionals with a view to a Q2 2016 launch.
Startup Elliptic has closed a $5 million Series A funding round led by Paladin Capital Group, as it seeks to cash in on the distributed ledger craze with its technology for identifying illicit activity on the blockchain.
India's State-owned IDBI Bank has begun letting customers invest in government securities through its cash machines.
Swiss financial markets watchdog Finma has pushed through a raft of new initiatives in a bid to stimulate further growth and innovation in the country's emerging fintech sector.
18 March 2016
Australia's Westpac is trialling videoconferencing technology at some branches that lets deaf and hard of hearing customers have conversations with Australian sign language (Auslan) interpreters.
MasterCard contactless payments are to be embedded in a luxury smart watch developed by Bulgari and set for worldwide release before the end of the year.
17 March 2016
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