Latest Innovation News: Finextra Research

Singapore's FinLab opens accelerator programme for SMEs

The FinLab, a joint venture between United Overseas Bank Limited (UOB) and SGInnovate1, today announced the launch of the third cycle of its acceleration programme.

13 February 2018

News/Innovation

Citi opens London innovation lab

Citbank is to open a new innovation lab in London, employing 75 people to support the bank's Markets and Securities Services business globally

12 February 2018

News/Innovation

Russia's Tinkoff Bank opens development hub

Russian digital bank Tinkoff has opened a development hub at a major Moscow innovation centre where a team of staffers will work on areas such as blockchain and biometrics.

09 February 2018

Company update/Innovation

Asia-Pacific fintech market to reach US$72 billion by 2020, finds Frost & Sullivan

Active support and initiatives by financial regulators such as the Monetary Authority of Singapore, Bank Negara Malaysia and Bank Indonesia has enabled the Asia-Pacific Fintech ecosystem to grow significantly in 2017.

09 February 2018

News/Innovation

RBI panel calls for regulatory shake-up to handle fintech innovation

A fintech working group set up by the Reserve Bank of India has called for the establishment of a regulatory sandbox and innovation hub where startups can roadtest their products ahead of commercial launch.

09 February 2018

Finextra TV/Innovation

Accelerating experimentation and innovation via the cloud

Marion Leslie, Managing Director, Enterprise, Thomson Reuters, talks about the value of cloud, what it does and what it makes possible that wasn’t before, the trends forming in the financial sector in this space and the challenges organisations are facing in adopting cloud technology.

09 February 2018

News/Innovation

Australian Government moves to open up the banking industry

Australia has moved one step closer to implementing an Open Banking regime with the publication of a final Government report into the issue, accompanied by draft legislation to mandate comprehensive credit reporting.

09 February 2018

News/Innovation

Nordic banks strive for harmonised cross-border payments infrastructure

A group of major Swedish, Danish, Norwegian and Finnish banks have banded together to explore the possibility of establishing a pan-Nordic payment infrastructure supplemented by common products.

09 February 2018

Company update/Innovation

Applications open for Temenos Innovation Jam

Temenos (SIX: TEMN) today announces that applications are open for its 2018 Innovation Jam series, its competition to find the world’s best fintech start-up.

08 February 2018

News/Innovation

Is Lithuania the most fintech-friendly destination in Europe?

Lithuania's ambition to become a fintech-friendly destination for startups across Europe is bearing fruit, with the country welcoming 35 new firms in 2017.

08 February 2018

Company update/Innovation

Santander InnoVentures head Belinky takes new role

Banco Santander today appointed Mariano Belinky as Head of Santander Asset Management (‘SAM’).

08 February 2018

Company update/Innovation

Ontario Securities Commission appoints Fintech Advisory Committee members

The Ontario Securities Commission (OSC) today announced new members of its Fintech Advisory Committee (FAC), which advises OSC staff on developments and trends in the fintech space, as well as the unique challenges encountered by innovative businesses in the securities industry.

07 February 2018

Company update/Innovation

SixThirty on the hunt for fintech firms to join Spring portfolio

SixThirty, a global financial technology (FinTech) venture firm based in St. Louis, is seeking FinTech entrepreneurs from around the world to join its Spring 2018 portfolio and participate in its updated go-to-market program – SixThirty 2.0.

07 February 2018

News/Innovation

Bristol startup NetKernel hires Deutsche Bank innovation lead as CEO

Charles Radclyffe, the head of technology at Deutsche Bank Labs, has quit the bank to lead Bristol UK-based data processing startup NetKernel.

07 February 2018

News/Innovation

UK fintech hoovered up record-breaking VC investments in 2017

Venture capital investment in UK fintech firms more than doubled in 2017 to reach $1.8 billion, with 54% of the total coming from overseas VCs who appear largely untroubled by the UK's imminent break from the European Union.

07 February 2018

Company update/Innovation

Innovate Finance and National Internet Finance Association of China sign MoU

Innovate Finance, the UK membership association that represents global FinTech, and the National Internet Finance Association of China (NIFA), China’s national self-regulatory organisation for FinTech, today announced the signing of a Memorandum of Understanding (MoU) to cooperate on supporting and promoting the UK and China’s leading FinTech hubs and member firms.

06 February 2018

News/Innovation

Cybersecurity dominates EU Fintech Action Plan

Cybersecurity takes top billing in the European Union's upcoming Fintech Action Plan, with a draft emphasising efforts to improve cooperation and coordination between market participants and regulators.

06 February 2018

Company update/Innovation

Thomson Reuters sees divergence in regulatory reforms as firms race to harness tech

Ten years after the financial crisis, the resulting push for global regulatory harmony is giving way to divergent stances on the need for compliance, as long-awaited major reforms take effect in the EU, while in the U.S. the Trump Administration rolls out its deregulatory agenda set a year ago.

05 February 2018

News/Innovation

Singapore Airlines takes a flyer with blockchain-based loyalty wallet

Singapore Airlines is to develop a blockchain-based digital loyalty wallet for frequent flyers in collaboration with retail partners.

05 February 2018

Company update/Innovation

Switzerland and Austria to host annual UK Fintech Mission

Her Majesty’s Swiss Government is delighted to announce the third UK Fintech Mission to Switzerland which, because of its past success, this year encompasses both the Austrian and Swiss markets.

05 February 2018