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News/Innovation
Distributed ledger consortium R3 has struck a deal with Microsoft that will see the tech giant provide cloud-based tools, services and infrastructure for R3 lab locations around the world.
04 April 2016
Banco Santander is to leverage its recent multi-million dollar investment in Kabbage to offer working capital loans to UK small businesses through the online lender's platform.
Simple, the US digital bank that BBVA bought in 2014, will be moving all its customer accounts to BBVA Compass later this year, becoming the first user of the Spanish bank's API in the United States.
The world's investment banks must look to the experiences of the automotive and aircraft manufacturing industries in the battle to remain relevant in a new data-driven digital era says consultancy firm GreySpark Partners.
National Australia Bank has appointed a pair of seasoned venture capital investors to run the rule over fintech startups applying for a slice of its recently launched $50 million innovation fund.
Almost a third of the money invested in African startups was gobbled up by new fintech firms, according to research from Disrupt Africa
01 April 2016
The Singapore government is launching a dedicated office designed to help fintech startups set up in the country.
Branch, a startup promising to bring lending to people in developing nations by using data stored on their mobile phones to make credit decisions, has raised $9.2 million in a Series A funding round led by Andreessen Horowitz.
31 March 2016
US bank Citi has forecast that the continued growth of fintech startups will mean 30% of bank staff will lose their jobs over the next ten years.
Oliver Bussmann, the global CIO for UBS and the man credited with transforming the bank's IT, has left his role at the Swiss giant.
30 March 2016
Ireland's ambition to be known as a world-leading hub for fintech startups is in danger of petering out due to a lack of accelerators, according to the head of an industry group looking to promote startups.
Barclays Bank is calling time on a technology centre it set up in McKinney, Texas less than two years after opening the site.
The Depository Trust and Clearing Corporation (DTCC) is working with Digital Asset Holdings on a distributed ledger-based system for the clearing and settlement of US repurchase agreements (repos).
29 March 2016
A key US banking regulator is set to develop a framework for governing new fintech startups, according to the Wall Street Journal (WSJ).
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.
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