Latest Innovation News: Finextra Research

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

News/Innovation

MasterCard Asia/Pacific to mine social chatter for bank campaigns

MasterCard is working with Facebook and other social media platforms in Asia Pacific to garner insights on consumer sentiment which can be sold on to banks.

06 October 2014

News/Innovation

Lloyds on the hunt for new digital talent as job cuts loom

Lloyds Banking Group is set to cut thousands of jobs and close more branches as it embraces a new era in digital banking.

06 October 2014

News/Innovation

Madrid street transforms into Bitcoin Boulevard

Madrid has become the latest city to embrace the concept of a Bitcoin Boulevard, with the Spanish capital's Serrano Street getting a cryptocurrency makeover this weekend.

03 October 2014

News/Innovation

Capital One acquires user experience consultancy Adaptive Path

Capital One has acquired San Francisco design outfit Adaptive Path, in a move that demonstrates the growing importance of user experience design thinking in financial products.

03 October 2014

News/Innovation

Crypto-currency outfit Epiphyte triumphs at Innotribe Startup Challenge

US-based crypto-currency startup Epiphyte has emerged as the winner of the Innotribe Startup Challenge at Sibos in Boston.

02 October 2014

News/Innovation

Barclays fintech accelerator startups make pitches

After three months of intensive work, the 11 fintech startups on Barclays' accelerator programme this week pitched their efforts to the great and the good.

02 October 2014

News/Innovation

Tangerine brings biometrics to mobile banking

Canadian digital bank Tangerine is revamping its mobile app to enable customers to log in using Apple's Touch ID technology and issue commands through speech.

01 October 2014

News/Innovation

Wells Fargo steps into Oculus Rift at new digital lab

Wells Fargo has established a digital lab to test the use of bleeding edge technologies such as smart wearables and virtual reality headsets in banking.

01 October 2014

News/Innovation

Reddit ponders own cryptocurrency to distribute shares to community

After closing a $50 million funding round, Reddit could create its own cryptocurrency as a way of handing over shares in the platform to its massive user-base.

30 September 2014

News/Innovation

Yodlee Interactive adds location-based insight to financial data API

Yodlee Interactive is launching a private beta programme that will marry its transactional data with geo-location information in an effort to make app offerings more personalised.

30 September 2014

News/Innovation

Dwolla looks to new markets after CME Group investment

Dwolla has raised $9.7 million in a funding round led by exchange operator CME Group in a move that signals the digital payments startup's intentions to move beyond the retail world.

30 September 2014

News/Innovation

$10 million startup fund aims at Stripe ecosystem

General Catalyst Partners is to invest $10 million in venture capital for market-changing businesses and applications built on the Stripe Connect platform.

30 September 2014

News/Innovation

BofA Merrill Lynch lets firms use mobile numbers to pay customers

Bank of America Merrill Lynch is tapping the technology behind its P2P payments service to launch a system that lets companies send money directly to customers' accounts using their mobile number or email address.

30 September 2014

News/Innovation

NatWest and RBS to launch accelerator hubs for entrepreneurs

NatWest and RBS are to open a network of eight new business accelerator hubs offering free workspace, hands on mentoring, a start up 'bootcamp' and a free programme of up to 18-months of advice, support and funding clinics for budding entrepreneurs.

29 September 2014

News/Innovation

ASB Bank sets up API portal

New Zealands ASB Bank is to release a public-facing API framework and portal to share access to real-time banking data with third party developers.

29 September 2014

News/Innovation

Bitcoin to make big splash at Sibos and Money20/20

Bitcoin values may be languishing at the $400 mark, but financial services interest in the crypto-currency shows no signs of abating, with two of the biggest shows in the banking calendar - Sibos and Money20/20 - devoting significant airtime to the technology.

26 September 2014

News/Innovation

Big Data firm Context Relevant secures funding; signs BofA and Goldman as clients

US-based risk analytics outfit Context Relevant has completed $13.5 million in Series B-1 funding and signed strategic partnerships with Bank of America Merrill Lynch and Goldman Sachs.

26 September 2014

News/Innovation

CaixaBank and Global Payments to stage trans-Atlantic wearable hackathon

CaixaBank and Global Payments are to host a wearable financial app hackathon to be held simultaneously in Barcelona and Atlanta.

26 September 2014

News/Innovation

Barclaycard teams with Southampton FC for next evolution of bPay bands

In a move billed as a "new evolution for wearable technology", Barclaycard and Southampton Football Club have signed an agreement to distribute the bank's bPay contactless bands to fans and expand the functionality beyond payments to incorporate stadium access.

25 September 2014