Innovation

3438 articles tagged with this keyword

/Innovation

ERN unveils Looop big data platform for banks and merchants

A new big data platform from a group of banking IT veterans is set to launch next week, promising to close the transactional loop that is currently broken every time a customer leaves a store with a paper receipt.

/Innovation

JPMorgan taps young talent through Code for Good Challenge

JPMorgan Chase is to get a good look at the next generation of software geeks emerging from US colleges by launching a 'Code for Good' challenge at its offices across the US.

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Thomson Reuters and True Office team on compliance gamification

Gamification start-up True Office has formed a product development and distribution partnership with Thomson Reuters which will see the pair create regulatory and compliance training applications for the financial services world.

/Innovation

CommBank takes start-up approach to wealth portal roll-out

Australia's Commonwealth Bank says it took a start-up approach to the development of a new wealth management portal for self-directed investors that combines online banking with stock trading, property and portfolio investment, news and community forums all accessible via a single log-in.

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Barclays preps social enterprise hackathons

Barclays is inviting UK tech and design bods to take part in a pair of hackathon weekends where they will work on socially useful finance-related ideas.

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First direct CEO explains app shortcomings to customers

First Direct CEO Mark Mullen has taken the unusual - and for a bank, refreshing - step of appearing in a video to apologise for the quality of the bank's mobile apps and to promise improvements based on customer feedback.

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Citi CTO: Banks should 'do no harm'

Don Callahan, chief technology and operations officer at Citi discusses Google Wallet learning curves, his personal frustrations with banking and how banks should seek to 'make customers lives easier'.

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New York to host dedicated fintech Hackathon

New York is to be the host city for the first in a series of fintech-specific Hackathons, in which coders from the vendor community come together to develop and present new ideas and software programmes to an audience of venture capitalists.

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Non-banks winning the mobile wallet wars

Non-bank competitors are winning the race to provide consumers with easy-to-use mobile wallet and payment applications according to a comparative study conducted by the US-based Carlisle & Gallagher Consulting Group.

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BBVA sets up $100 million fintech venture fund

Spanish bank BBVA has set up a $100 million venture fund to invest in startups with the potential to transform the financial services industry.

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Browser-based algo trading platform Quantopian emerges from beta

With funding from Spark Capital and Getco in the bag, Quantopian, a start-up building what it claims to be the world's first browser-based algorithmic trading platform, has emerged from beta.

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Prosper raises $20m; names Wells Fargo's Vermut CEO

US peer-to-peer loan marketplace Prosper has raised $20 million in a funding round led by Sequoia Capital and appointed Stephan Vermut, founder of Merlin Securities, as CEO.

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Iowa introduces Dwolla option for tax payments

The US state of Iowa is set to let residents pay some of their taxes using Dwolla, a local digital transactions start up.

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Ribbit Capital raises $100m for financial innovation fund

Ribbit Capital, a new Silicon Valley-based venture capital fund focused purely on investing in innovative, tech-led financial services firms, has launched after closing its own $100 million fund.

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Turkey's IsBank integrates ATM and mobile for cardless withdrawals

Turkey's IsBank has integrated its mobile banking platform with its ATMs, enabling customers to set up a withdrawal through their handset and then complete it by scanning a QR code on cash machine screens.

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Green Dot takes 'Silicon Valley' approach; launches mobile-only bank account

Green Dot Bank has launched a full-service bank account specifically designed to operate on a mobile phone.

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Barclays banks on cloud and Linux to slash development costs

Barclays Bank plans to slash software development costs by 90% by building a private cloud infrastructure and moving more applications to machines running the Linux open source operating system.

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Card rules may force mobile Movenbank to offer plastic

US start-up Movenbank, which has positioned itself as a mobile-only, cardless, branchless bank, may be forced to offer companion, plastic cards to customers in order to be compliant with MasterCard rules.

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Merrill Face Retirement tool gives consumers a harrowing peek at their future selves

In an effort to shock users into saving more for their retirement, Bank of America's Merrill Edge investment advisory unit has introduced a social tool that ages a picture of consumers, enabling them to see how they will look years down the line

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Intuit pilots UK chip and PIN mobile card reader

Intuit has begun piloting a tweaked, chip and PIN version of its GoPayment mobile credit card processing app and hardware in the UK.