Latest Innovation News: Finextra Research

BBVA execs meet Propel Venture Partners startups

Senior executives from BBVA got the chance to meet with some of the USA’s most innovative and forward thinking financial technology businesses this week at the first tech summit hosted by BBVA-backed venture capital firm Propel Venture Partners.

07 April 2017

Company update/Innovation

Sweden, UNEP and fintechs collaborate for sustainable finance

The Stockholm Fintech Hub is supporting Sweden and the United Nations Environment Programme to pilot the UN’s 2030 vision for sustainable finance.

07 April 2017

News/Innovation

Battle for IP ownership challenges fintech collaboration

Banks and asset managers are being hampered in their efforts to work with fintech firms by the desire to own intellectual property (IP), according to research from law firm Simmons & Simmons.

07 April 2017

Company update/Innovation

InsurTech startup Trov closes $45 million Series D financing

Trov, the technology company revolutionizing insurance for the tech-empowered consumer, today announced that it has closed $45 million in Series D funding led by Munich Re / HSB Ventures, bringing its total funding to just over $85 million.

06 April 2017

Company update/Innovation

Thirty startups join BME pre-market environment initiative

30 start-ups have shown an interest in joining the first Pre-Market Environment for start-ups created by BME and the National Business Angels Association, Big Ban Angels, with the aim of improving their access to private investment and helping them gain insight into how the stock exchange works.

06 April 2017

Company update/Innovation

Wirecard posts 33% revenue rise

Wirecard has successfully pushed forward the digitalisation of payment processes using Internet technology on a global scale and achieved its growth targets for 2016 as a result.

06 April 2017

News/Innovation

Ingenico gamifies the checkout

Ingenico is bringing scratch cards, slot machines and wheels of fortune to online checkout screens and instore eftpos in an effort to improve conversion rates for merchants.

06 April 2017

News/Innovation

SocGen sings the praises of open source

SocGen is burnishing its open source credentials by sponsoring an initiative by Inria, the French National Institute for computer science and applied mathematics, to create a global library of source code.

06 April 2017

News/Innovation

UK FS firms fear up to 40% of revenue at risk from fintech

Fearful that they could lose massive chunks of their revenue to standalone fintech challengers, UK financial services firms are looking to neutralise the threat by acquiring and forming partnerships with their potential new rivals.

06 April 2017

News/Innovation

CAD-coin V Fedcoin: The future of central bank digital currencies

An R3 academic paper on central bank digital currencies (CBDCs) investigates the relative merits of a public network-based retail Fedcoin option and the private, permissioned wholesale CAD-coin alternative.

05 April 2017

Company update/Innovation

T. Rowe Price opes technology development centre in New York

T. Rowe Price Group (TROW) has launched a Technology Development Center (TDC) in New York City as part of a comprehensive transformation of the firm's approach to global technology and in support of the firm's strategic priorities to grow the business.

05 April 2017

News/Innovation

Former Uber Italy CEO launches social savings app

Oval Money, a social savings app that combines machine learning with crowdsourced tips, has come out of closed beta in the UK.

05 April 2017

News/Innovation

OCBC Bank launches Emma, the mortgage chatbot

With more than 20,000 conversations logged since its launch in January, OCBC Bank is lauding the success of its specialised home and renovation loan chatbot service, Emma.

05 April 2017

News/Innovation

Token signs programmable money deal with OP Financial

Finland's OP Financial group has signed a deal with Silicon Valley-based Token to use the startup's API-based transaction network to prepare for a new era of payments arising from the forthcoming implementation of the PSD2 Directive.

05 April 2017

News/Innovation

JPMorgan Chase pumped $600m into fintech in 2016

JPMorgan Chase spent around $600 million on emerging fintech solutions last year, says the bank's CEO Jamie Dimon in a letter to shareholders which also mentions an API store and some "interesting developments" in the bill payments department.

05 April 2017

Company update/Innovation

Canadian fintechs join Upside Foundation 150x150 Challenge to donate equity to charity

Today The Upside Foundation, a national charity that makes it easy for early-stage or high-growth Canadian companies to give back in a meaningful way, announced the launch of their campaign, 150x150: Turn Equity Into Charity.

04 April 2017

Company update/Innovation

Rabobank invites employees to pitch ideas for new brand strategy

Envision… having the opportunity to reintroduce Rabobank to the Netherlands and to the world.

04 April 2017

News/Innovation

BNP Paribas to acquire 95% stake in French neo bank Compte-Nickel

BNP Paribas is to acquire a 95% stake in Financière des Paiements Électroniques, which runs innovative French neo-banking startup Compte-Nickel.

04 April 2017

News/Innovation

Global progress towards digital money 'patchy' - Citi

Despite a concerted effort from governments, NGOs and the private sector, the world has made only patchy progress towards digital money readiness, according to a report from Citi and Imperial College London.

04 April 2017

Company update/Innovation

SBI reorganises fintech units

The SBI Group hereby announces that it has reached to the conclusion to reorganize its subsidiaries, including SBI AXES Co., Ltd. (hereinafter "SBI AXES"), a subsidiary listing on South Korea's KOSDAQ Market, which leads to aggregation of the Group's FinTech businesses.

03 April 2017