Latest Innovation News: Finextra Research

Deutsche Bank partners tech giants on innovation labs - WSJ

Deutsche Bank is working with tech firms IBM, Microsoft and HCL Technologies on plans to open innovation labs around the world, according to the Wall Street Journal.

17 November 2014

News/Innovation

Visa to recruit 1000 technologists for new Bangalore development centre

Visa is to open a new technology centre in Bangalore, India, next year with the aim of recruiting 1000 staff to work on APIs and software development kits by 2017.

03 November 2014

News/Innovation

CBA launches Innovation Lab

Commonwealth Bank of Australia has launched an Innovation Lab in the heart of Sydney's Central Business District with a view to developing cutting-edge products, and services in collaboration with customers, partners, start-ups and industry experts.

16 October 2014

News/Innovation

Commercial Bank of Dubai opens 'Facebook branch'

Commercial Bank of Dubai (CBD) has introduced a 'Facebook branch', enabling customers to check their accounts and transfer funds from within the social network.

16 October 2014

News/Innovation

Lawsky bows to BitLicense backlash

Individual users, software developers and bitcoin miners will be exempt from new regulations being drawn up to regulate the crypto-currency markets by New York's State Department of Financial Services.

15 October 2014

News/Innovation

Smartwatches face challenges as payment devices

Just one-in-three consumers would be interested in using a smartwatch for payments, with fitness tracking, online ID and travel ticketing viewed as more attractive features, according to a survey of 5000 people across five countries by GfK.

15 October 2014

News/Innovation

Digital investments top priority for retail banks - BAI

Online and mobile platforms are the leading focus of technology investments for retail banks as they move to increase the functionality of their digital offerings, according to a BAI survey.

15 October 2014

News/Innovation

Nimbl introduces cash delivery app

In a strange hybrid of the physical and digital money worlds, an app has launched which delivers cash to people too lazy to walk to the ATM.

14 October 2014

News/Innovation

Life.Sreda preps $100m fintech fund

Russian fintech venture capital firm Life.Sreda is looking to raise $100 million for a second fund as it bids to find the next Square or Lending Club.

14 October 2014

News/Innovation

Visa and MasterCard face scrutiny by new UK watchdog

The UK government is planning to put supervision of MasterCard and Visa alongside the country's main interbank payment systems into the hands of a new Payment Systems Regulator (PSR), whose chief remit is to inject more competition into the country's payments industry.

14 October 2014

News/Innovation

Kotak Mahindra taps India's Immediate Payment Service to offer Facebook transfers

India's Kotak Mahindra Bank (KMB) has launched a bank agnostic mobile money transfer service for Facebook friends.

14 October 2014

News/Innovation

BBVA opens API to developers for global hackathon

BBVA is to share a EUR60,000 pot with developers who can augment bank API data from card transactions in Mexico with external resources to create innovative new financial applications.

10 October 2014

News/Innovation

Digital beer mats driving customers to drink

NFC chip marketing firm Tamoco has partnered with Carlsberg and Uber on a range of 'digital beer mats' that will ply you with free drinks and then order a taxi to take you home.

10 October 2014

News/Innovation

CME venture fund finds value in big data

Liquidity Ventures, the strategic tech innovation fund set up by the Chicago Mercantile Exchange, has completed its fourth transaction this year with an investment in big data company Powerlytics.

10 October 2014

News/Innovation

Accenture brings Fintech Innovation Lab to Dublin

Accenture's Fintech Innovation Lab is landing in Ireland, with banking and tech giants throwing their weight behind the Dublin-based accelerator programme.

09 October 2014

News/Innovation

CaixaBank to distribute contactless wristbands through branch network

CaixaBank is to distribute contactless wristbands from all of its branches after issuing its first batch of the wearable payments technology to select customers over the summer months.

09 October 2014

News/Innovation

Pay-by-fridge: Canadians ready for mobile money and more

Forget mobile payments, many Canadians are ready to shop through their internet-enabled fridges and chips implanted in their fingers.

08 October 2014

News/Innovation

Sydney eyes fintech hub status

A new report has called on the Australian government to provide more support for the startup ecosystem in Sydney, contending the Australian capital has the potential to become an Asia/Pacific fintech hub, mirroring developments in London and New York.

08 October 2014

News/Innovation

Overstock hires developers to create crypto-securities exchange

Online retailer Overstock has hired developers who worked on the P2P decentralised exchange Counterparty to build a marketplace for corporate stocks issued as 'cryptosecurities'.

07 October 2014

News/Innovation

PayPal picks London Start Tank participants

PayPal has selected the five UK tech startups that will move into its London offices for six months as part of a new mentoring programme.

06 October 2014