Innovation

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/Innovation

Ripple promises $50m to universities for blockchain research

Ripple is promising to pump $50 million into a blockchain research initiative with a host of top universities from around the world.

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First nine startups selected for EBAday2018 Fintech Zone

Finextra and the Euro Banking Association have announced the first nine early stage startups selected to exhibit their products and ideas to banking heads from across Europe at the EBA's flagship payments and transaction conference EBAday2018.

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Hyundai preps in-car payments

Car maker Hyundai is working on an in-vehicle credit card payment service that enables drivers to find and pay for coffee, gas and parking from their "infotainment" screen.

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Student develops contactless tipping system for buskers

The times, they are a changing. With fewer people carrying cash, a British university student has developed a system that lets buskers accept contactless payments.

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ING opens developer portal

ING has opened its internal developer portal to coders from corporate clients and fintech startups, providing access to simulated APIs for testing and developing new products.

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European payments chiefs to gather in Munich for EBAday2018

A host of board directors, chief financial officers and payments and technology heads from Europe's leading banks have confirmed their participation in the conference programme for the thirteenth annual EBAday, taking place this year in Munich between the 12th and 13th June.

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Deutsche Bank swings the axe but promises new platform for millennials

Amid massive jobs cuts in its investment banking business, Deutsche Bank is prepping a "surprise" new banking platform targeting 12 million millenials.

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Commerzbank FX transaction has big implications for blockchain in post-trade

The deployment of blockchain technology to streamline foreign exchange post-trade confirmation and matching has moved a step closer with the replication of an FX forward trade conducted by Commerzbank on behalf of thyssenkrupp across R3 Corda.

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Live: Temenos Community Forum (TCF), Dublin, day two

It's the second day of Temenos' annual conference on the banks of the River Liffey in Dublin. Stay tuned for more on the latest in banking transformation and digital disruption, not to mention the Innovation Jam final.

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OCBC Bank to push biometric POS to merchant customers

Singapore's OCBC Bank is to offer merchants a fingerprint-based point of sale device capable of handling multiple payment form factors and loyalty schemes.

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Brazilian central bank draws on Big Tech support for new innovation lab

The Central Bank of Brazil has opened an innovation laboratory for creating new financial applications with the support of Amazon Web Services, Microsoft and IBM.

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UK payments community calls on Open Banking to do more to enable access for fintechs

A UK payments industry trade body is calling on the Open Banking Implementation Entity (OBIE) to force banks to do more to enable access for fintech firms.

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Former Visa chief takes the helm at crypto banking startup

Marc O'Brien, former CEO of Visa UK and a key advisor of Revolut, has been appointed chief executive officer of mobile crypto bank Crypterium.

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Digital banking transformation creating new systemic risks

Digital banking transformation programmes are creating a new wave of operational and systemic risks for which the industry is ill-prepared, warns UK Finance.

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Japanese banks join quantum computing hub

Japanese banks MUFG and Mizuho are to join a new IBM Q Hub at Keio University to experiment with future applications for quantum computing in the financial sector.

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Government appoints Wales and Northern Ireland fintech envoys

Wales and Northern Ireland are getting their own financial technology envoys as part of a government effort to ensure that the UK maintains its position, post-Brexit, as Europe's top fintech dog.

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NextGen Banking London - live blog

Welcome to Finextra's live coverage of NextGen Banking London. The event promises to explore what the AI revolution means for banks - and what financial institutions need to do to benefit from AI, and ensure their customers do so as well.

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PayPal partners Indonesian VC to back Southeast Asian fintech startups

PayPal is extending its Singapore fintech incubator programme to other parts of Southeast Asia after getting financial backing from Indonesian VC firm Alpha JWC Ventures.

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Fidelity creates virtual reality chatbot

Fidelity Investments has created a virtual reality financial advisor to answer client queries using a suite of tools from Amazon Web Services.

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Simple co-founder Reich leaves for pastures new

Josh Reich, the man who kicked off the 'neo-bank' craze nearly a decade ago, is finally leaving Simple for the simple life on a farm in Oregon.