Latest Innovation News: Finextra Research

Zurich opens UK Innovation Foundry

Today sees the launch of Zurich’s UK Innovation Foundry. The new initiative which will tackle the ever changing customer demands as well as embedding a clear culture of innovation throughout the insurer – from the initial ‘spark’ of inspiration to a full-scale roll out.

20 February 2018

News/Innovation

Deutsche Bourse to run crypto asset contest

Deutsche Bourse is inviting entry's for a coding competition to create new business applications for crypto assets, reflecting the increasing interest in virtual currency markets by established financial firms

20 February 2018

Company update/Innovation

NatWest to take over running of Entrepreneurial Spark hubs

NatWest has announced today that it has come to an agreement with Entrepreneurial Spark that will see the transition of its network of entrepreneur accelerator hubs to be 100% managed and run by the bank.

19 February 2018

Company update/Innovation

FCA and CFTC sign fintech pact

The Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) have today signed an arrangement that commits the regulators to collaborating and supporting innovative firms through each other’s financial technology (FinTech) initiatives – LabCFTC and FCA Innovate.

19 February 2018

News/Innovation

Basel Committee outlines disruptive fintech scenarios

The Basel Committee on Banking Supervision has outlined five potential scenarios describing the potential impact of fintech on banks.

19 February 2018

Finextra TV/Innovation

Innovation beyond the four walls

Craig Young, CIO, SWIFT, talks about the importance of innovation for growth and relevance in the future, and how to identify, evaluate and implement technology into a business architecture.

19 February 2018

Company update/Innovation

Silicon Valley Bank and First Data welcome new accelerator cohort

Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, and First Data (NYSE: FDC), a global leader in commerce-enabling technology, have selected five startups to participate in Class 7 of Commerce.Innovated., an accelerator designed to help commerce, payments, and fintech companies grow their businesses.

19 February 2018

Company update/Innovation

Gold invesment app SendGold launches in Singapore

SendGold, a Gold-as-a-Service app that enables physical gold investment and payments in a digital environment, today announced the March 2018 launch of its app in Singapore.

19 February 2018

News/Innovation

Investment Association sets up fintech accelerator for asset managers

The 240-member strong UK Investment Association is to launch a fintech accelerator to host startups with 'market-viable' technology tailored to the needs of the asset management industry.

19 February 2018

Company update/Innovation

Open APIs, digital onboarding and DLT feature in Russian central bank fintech plan

Bank of Russia approves Guidelines for Financial Technologies Development for 2018-2020.

16 February 2018

Finextra TV/Innovation

Third-party due diligence requirements for financial institutions

Sylwia Wolos, Head of Enhanced Due Diligence Proposition, Thomson Reuters discusses the third-party due diligence requirements for financial institutions, the technical developments in due diligence research and the possibilities of aligning the overlapping parts of the anti-money laundering (AML) and third-party risk compliance processes.

16 February 2018

News/Innovation

London Mayor warns of Hard Brexit threat to London tech hub status

London Mayor Sadiq Khan is repeating his call for the UK to remain a part of the EU Single Market and Customs Union as new data demonstrates the UK capital's continued appeal as a magnet for international tech talent.

16 February 2018

Company update/Innovation

Singapore and Egypt bolster fintech co-operation

The Monetary Authority of Singapore (MAS) and the Central Bank of Egypt (CBE) signed an agreement to strengthen FinTech cooperation between the two countries on 6 February 2018.

15 February 2018

Company update/Innovation

Innovate Finance unveils finalists for 2018 FinTech Pitch360

Innovate Finance, the UK membership association that represents global FinTech, today announced the finalists for its 2018 Pitch360 FinTech competition.

15 February 2018

Company update/Innovation

SEI Codify welcomes second wave of incubator participants

SEI (NASDAQ:SEIC) today announced that five participants joined Codify, its London-based RegTech incubator.

15 February 2018

News/Innovation

FCA explores creation of global sandbox

The UK's Financial Conduct Authority is looking into the creation of a global regulatory sandbox, enabling fintech firms to carry out tests in different countries at the same time and helping watchdogs to identify and solve common cross-border problems.

14 February 2018

Company update/Innovation

London Stock Exchange welcomes FCO/DIT European fintech mission

The Foreign & Commonwealth Office and Department for International Trade are delighted to accompany 52 innovative, high growth fintech companies from Europe & Israel on a 2 day programme showcasing the UK’s unique financial sector and the dynamic ecosystem for entrepreneurs.

14 February 2018

News/Innovation

Cryptocurrencies, sandboxes and blockchain experimentation top Sarb fintech agenda

The South African Reserve Bank has set out the primary objectives of its recently-established fintech task force, assigning priority to cryptocurrency regulation, sandbox and accelerator assessments, and blockchain experimentation.

14 February 2018

News/Innovation

OCBC Bank scans customer faces for personalised service at the branch

OCBC Bank is introducing facial recognition at its branches to identity high-rolling customers as they approach the service desks.

14 February 2018

News/Innovation

Mauritius makes plans for sovereign fintech fund

Financial authorities in Mauritius are contemplating the establishment of a sovereign fund to provide seed capital for the development of fintech activities in the island nation.

14 February 2018