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News/Innovation
Commonwealth Bank of Australia says that its decision to move into the point-of-sale hardware market two years ago has proved a success, with more than 75,000 terminals operating across the country.
03 April 2017
Yifat Oron, CEO of Bank Leumi subsidiary LeumiTech says banks need to adopt a hi-tech mentality if they are to effectively engage with the startup ecosystem.
Company update/Innovation
The RegTech Association will officially launch tomorrow with a high-profile event in Sydney, where the first-of-its-kind group will be hosting an exclusive speaker panel, including some of the industry’s key influencers, movers and shakers; who will discuss the state of play and future opportunities for growing the RegTech eco-system in Australia and beyond.
31 March 2017
ATB Financial has joined forces with KPMG in Canada and global fintech matchmaking firm, Matchi to run a Customer Onboarding Innovation Challenge that aims to reimagine customer onboarding and management through collaboration with fintech firms.
Citibank is taking its global API developer hub to Hong Kong as part of a fintech challenge that promises successful participants a share of HK$650,000 in cash awards plus the opportunity to explore a commercial relationship.
Artificial intelligence (AI) and the internet of things (IoT) now account for almost half of total investment in insurance technology (insurtech) startups globally, new research from Accenture (ACN) shows.
30 March 2017
Finextra TV/Innovation
Carlos Menendez, President, Enterprise Partnerships, Mastercard, speaks about developments in smart cities and what technology is required for this.
CaixaBank, Global Payments, Samsung, Visa and BNP Paribas-owned Arval are to jointly invest EUR5 million in a Barcelona-based Payment Innovation Hub to confront new frontiers for payments in e-commerce and the Internet of Things.
Rise, Barclays Africa’s innovation hub in Cape Town, hosted a water hackathon on Friday and Saturday, 24-25 March, to help harness the power of technology, innovation and collaboration in finding solutions to the water crisis in South Africa’s Western Cape province.
Royal Bank of Canada is piloting an online financial advice platform that uses live video to connect clients with staffers in real time.
BlackRock is positioning its equity investment platform for the future of active management – leveraging its unique scale and breadth of capabilities to drive sustainable alpha.
29 March 2017
Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, is pleased to partner with PwC to launch the inaugural FinTech Abu Dhabi Summit in October 2017.
Digital challenger bank Monzo has completed its £2.5 million crowdfund raise, attracting a record-breaking 6500 investors to the funding round on Crowdcube.
The Bahrain Economic Development Board is working to position the Kingdom as a fintech powerhouse, signing a co-operation deal with incubator and ecosystem builder Singapore Fintech Consortium and Dubai-based asset management and advisory firm Trucial Investment Partners.
Helping people with mental health problems was on the agenda for developers attending the UK Financial Conduct Authority's latest TechSprint app development challenge earlier this month.
The robots are coming, so says Nordea, which has already 'hired' a host of 'virtual employees' to take on repetitive tasks and is planning to introduce smarter, AI-based colleagues in the near future.
In the next stage of artificial intelligence adoption, banks will use AI to help understand the intentions and emotions of customers and enable better interactions, according to a new report from Accenture (ACN).
28 March 2017
Mogo Finance Technology Inc. (TSX: MOGO; OTCQX: MOGOF) ("Mogo"), a leading Canadian financial technology company, today announced the launch of the Android version of the MogoApp.
The Monetary Authority of Singapore (MAS) today signed cooperation agreements with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) of France to enhance FinTech cooperation between both countries.
Allen & Overy is opening Fuse, a new tech innovation space where tech companies, Allen & Overy lawyers, technologists and their clients will collaborate to explore, develop and test legal, regulatory and deal-related solutions.
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