Innovation

3448 articles tagged with this keyword

/payments

EC considers regulatory push for TIPS instant payments

The European Commission is pondering a "regulatory push" to encourage adoption of the new TIPS instant payments service and make it a genuine rival to the card schemes and tech giant-built digital wallets.

/regulation

Metro, Starling and ClearBank the winners in £280 million RBS bail out award

Metro, Starling and ClearBank have been awarded a combined £280m from the RBS bail out fund, beating off competition from better-known brands TSB, Co-operative Bank and CYBG.

/Innovation

Allianz X raises digital investment fund to EUR1 billion

Allianz X, the digital investment unit of German insurance and asset management giant Allianz, is taking a big bet on the tech-driven future of finance, increasing its fund size to a whopping EUR1 billion.

/Innovation

Estonia maps out plans to create regulatory sandbox

The European Bank for Reconstruction and Development is working with Estonia's Ministry of Finance on a technical assistance fintech project to support the creation of a regulatory sandbox in the Baltic state.

/Innovation

FSB: Banks should be worried about BigTech not fintech

The Financial Stability Board has warned that banks have more to fear from the competitive impact of Big Tech firms in financial services than the disruptive threat posed by cherry-picking fintech startups.

/startups

Rabobank puts EUR80m into tech venture fund

Rabobank is pumping another EUR80 million into its venture fund investing in early-stage fintech and agritech companies.

/inclusion

UN report dismisses fintech sandboxes in developing economies

The rise of fintech has the potential to extend the benefits of financial inclusion to millions of people but also poses complex regulatory challenges, says a new UN-backed report which also questions the value of the increasingly popular sandbox approach.

/security

CaixaBank rolls out facial recognition at the ATM

CaixaBank is offering customers the opportunity to use facial recognition technology rather than PIN codes to withdraw cash from ATMs.

/Innovation

Akamai and MUFG to roll out blockchain-based payment network in 2020

Mitsubishi UFJ has formed a joint venture with Akamai for the roll out of a new blockchain-based online payment network.

/startups

VC Finch Capital to invest EUR20m in Irish fintech startups

VC firm Finch Capital has earmarked EUR20 million for investment in Irish fintech-focussed startups after scoring EUR10 million from State agency Enterprise Ireland.

/startups

UK retains top three spot for fintech investment

UK fintech investment increased by 18% to $3.3 billion in 2018, retaining the country's top three profile for deal-making behind the US and China.

/Innovation

Mastercard seeks good vibrations with new sonic identity

Mastercard is heading to the Grammys and the Brit Awards to debut a new sonic brand identity scored with the help of Mike Shinoda of US rock band Linkin Park.

/Innovation

Financial inclusion takes stage at massive blockchain hackathon

Financial inclusion and security will be one of the challenges at what is being billed as the world's largest blockchain and AI hackathon, taking place in the Netherlands this April.

/Innovation

Facebook acqui-hires Chainspace team for blockchain push

Facebook has reignited speculation about its plans in the payments space by aqui-hiring the team behind London-based blockchain startup Chainspace.

/regulation

Regulatory bodies open global sandbox

An international network of financial regulatory bodies is calling for applications from firms wishing to test innovative financial products, services or business models across more than one country or jurisdiction.

/devops

NatWest builds data academy open to all staff

NatWest is looking to train up its staff for the data revolution by pumping £1 million into an academy open to all of its 70,000 employees.

/Innovation

Swift to open gpi gateway to R3 blockchain

Interbank co-operative Swift is to conduct a proof-of-concept trial to link its gpi network to the Corda platform of enterprise blockchain consortium R3.

/Innovation

Marshall Islands to deliver physical 'notes' for digital currency circulation

Swiss startup Tangem has won a contract to issue physical 'banknotes' for the Republic of the Marshall Islands decentralised digital national currency.

/retail

Temenos backs platform to drive faster fintech procurement

Temenos, Cisco and Deloitte Luxembourg are among a group of companies setting up a due diligence, connectivity and testing platform to help the financial services industry in its efforts to work more effectively with fintech firms.

/Innovation

DBS innovation chief Cross steps down

DBS innovation chief Neil Cross is bidding goodbye to banking after five years leading the Singaporean bank's digital transformation effort.