Latest Innovation News: Finextra Research

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

News/Innovation

CommBank hails Albert POS terminal

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

News/Innovation

High-tech startups need a different type of banking

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.

03 April 2017

Company update/Innovation

RegTech Association launches in Australia with spotlight on growing eco-system

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

Company update/Innovation

ATB Financial launches customer onboarding innovation challenge

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.

31 March 2017

News/Innovation

Citi takes API developer hub to Hong Kong

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.

31 March 2017

Company update/Innovation

AI and IoT dominate insurtech startup funding

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

Smart cities are an opportunity for better lives

Carlos Menendez, President, Enterprise Partnerships, Mastercard, speaks about developments in smart cities and what technology is required for this.

30 March 2017

News/Innovation

CaixaBank to open payment innovation hub with global partners

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.

30 March 2017

Company update/Innovation

Barclays Africa’s Rise hub hosts hackathon to help solve water crisis

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.

30 March 2017