3455 articles tagged with this keyword
News/Innovation
Uptake of distributed ledgers will remove $110 billion in costs for the global financial services industry over the next three years as the technology is applied to critical 'pain points' across seven legitimate use cases, according to an analysis by McKinsey.
13 January 2017
Fintech demands for open access to bank data might just end up bolstering consumer trust in exiting banks, further entrenching their dominant market share, believes Darren Abbruzzese, general manager, Data, ANZ
Interbank payments network Swift is stepping up its exploration of the blockchain, launching a new proof of concept test to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.
12 January 2017
While other major European capitals play to Brexit fears in a bid to steal the UK's leading fintech hub status, Belgium is taking a different approach by seeking to build a mutually supportive bridge between startups across both jurisdictions.
11 January 2017
India's HDFC Bank is set to introduce customers to its latest recruit, a 'humanoid' robot named Ira, at a Mumbai bank branch later this month.
Two-thirds of UK consumers are open to receiving financial advice from artificial intelligence agents, but are not yet prepared to foresake the human interactions provided by branch-based transactions, according to new research from Accenture.
Postal Savings Bank of China (PSBC) has formally launched a blockchain-based asset custody system, executing more than 100 live transactions on the system during a two-month trial run.
Haskell Garfinkel, fintech co-lead at PwC, delves into the facts, fads and fiction that will shape the fintech universe in 2017.
Dubai International Financial Centre (DIFC) has contracted with Accenture to set up and operate a fintech accelerator for regional and international startups.
Korea's Central Bank has outlined plans to pursue a 'coinless society' project by piloting a service that allows customers to receive small change from merchants as a top-up onto a pre-paid card.
10 January 2017
Commerzbank has created a networked platform bringing together SMEs, innovation partners and startups to help its corporate clients prepare for a digital future.
The State Bank of India (SBI), the country's largest lending institution is to experiment with branchless banking after announcing plans to launch a digital-only bank later this year.
06 January 2017
Emerging financial technology poses a threat to US banks that are unable to compete with this developing field, according to an official report from the US Office of the Comptroller of the Currency (OCC).
Poland's Idea Bank is aiming to shake up the auto lending market with a new pay-as-you-drive model that uses GPS to track drivers to calculate their monthly payments.
In a move it claims can help unlock a multi-billion pound opportunity for the UK economy, Barclays has revamped its mobile app to enable businesses to secure loans and overdrafts in minutes.
05 January 2017
UK startup Funding Circle has received £40m from the state-owned British Business Bank (BBB)on the condition that the funds be used to lend to small businesses, according to a report from news website Business Insider.
The University of Strathclyde has launched a Masters of Science (MSc) programme in fintech, what it claims is the first such course in the UK.
More than 30 workers at Japan-based Fukoku Mutual Life Insurance are set to be replaced by artificial intelligence (AI), according to Japanese daily The Mainichi.
04 January 2017
The Indonesian Financial Services Authority (OJK)has introduced new regulations for fintech firms running a peer to peer lending business, according to a report in the Jakarta Post.
India's Yes Bank has enlisted the help of IBM for a blockchain project that digitises vendor financing for client Bajaj Electricals.
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