Latest Innovation News: Finextra Research

SocGen engages Personetics for chatbot roll out

The rush of banks into the chatbot space shows no sign of slowing down, with Societe Generale the latest to target customer interactions over popular messaging platforms.

16 January 2017

News/Innovation

FTC fintech forum to explore AI and blockchain

Artificial Intelligence and blockchain will be at the centre of attention at an upcoming fintech forum put together by America's Federal Trade Commission.

16 January 2017

Company update/Innovation

Innovate Finance flies fintech delegation to Davos

Innovate Finance, the independent membership organisation representing UK’s global FinTech sector, is returning to Davos this week with a delegation of members to discuss this year’s theme of Responsive Leadership.

16 January 2017

News/Innovation

Accenture beats Brexit blues with largest-ever London startup programme

Accenture is banishing the Brexit blues by running its largest ever fintech accelerator programme in London after fielding more than 300 applicants from around the globe.

16 January 2017

Company update/Innovation

White House publishes framework for fintech

At the White House FinTech Summit in June 2016, Cabinet Secretaries and senior officials from across the Administration engaged with stakeholders about the potential for fintech to further myriad policy goals, including small business access to capital, financial inclusion and health, domestic growth, and international development.

16 January 2017

News/Innovation

Banks face big profit loss to digitisation - McKinsey

European banks stand to lose half their profits from digital disruption trends shaking the banking industry, according to a report from McKinsey.

16 January 2017

Company update/Innovation

EU Parliament suggests robots be classified as 'electronic persons' for liability issues

EU rules for the fast-evolving field of robotics, to settle issues such as compliance with ethical standards and liability for accidents involving driverless cars, should be put forward by the EU Commission, urged the Legal Affairs Committee on Thursday.

13 January 2017

Company update/Innovation

Innovate Finance dangles £10,000 carrot for fintech startup competition entrants

Innovate Finance, the membership association for global FinTech, today announced a £10,000 prize at Pitch360, its first ever FinTech startup competition.

13 January 2017

Company update/Innovation

HK accelerator SuperCharger welcomes new fintech cohiort

SuperCharger FinTech Accelerator successfully launched its second programme on January 9 in the newly opened Cyberport FinTech Smart Space.

13 January 2017

News/Innovation

Open data - competition cuts both ways

Fintech demands for open access to bank data might just end up bolstering consumer trust in exiting banks, further entrenching their dominant market share, believes Darren Abbruzzese, general manager, Data, ANZ

13 January 2017

News/Innovation

Blockchain impact timeline speeds up, massive cost savings forecast

Uptake of distributed ledgers will remove $110 billion in costs for the global financial services industry over the next three years as the technology is applied to critical 'pain points' across seven legitimate use cases, according to an analysis by McKinsey.

13 January 2017

Company update/Innovation

Northwestern Mutual establishes $50 million investment fund

Northwestern Mutual announced today it has designated $50 million to form Northwestern Mutual Future Ventures which will engage startups whose technologies have the potential to transform how consumers experience and achieve financial security.

12 January 2017

Company update/Innovation

UK outpaces rest of Europe for tech investment

The UK’s technology sector drew more investment than that of any other European country in 2016, according to data from London & Partners, the Mayor of London’s promotional company.

12 January 2017

News/Innovation

Swift goes deeper into the blockchain

Interbank payments network Swift is stepping up its exploration of the blockchain, launching a new proof of concept test to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.

12 January 2017

Company update/Innovation

CSI Kick Start opens applications for fintech startup funding

CSI Kick Start, Inc., a FinTech startup incubator founded by leading global payments innovator CSI globalVCard, today announced that its second annual application process for FinTech startup funding is now open.

12 January 2017

News/Innovation

Belgium builds fintech bridge to London

While other major European capitals play to Brexit fears in a bid to steal the UK's leading fintech hub status, Belgium is taking a different approach by seeking to build a mutually supportive bridge between startups across both jurisdictions.

11 January 2017

Company update/Innovation

Toronto talks up fintech credentials

A global survey on trends and innovations in financial services ranks Toronto as one of the top fintech centres in the world.

11 January 2017

News/Innovation

Meet Ira, HDFC's latest 'humanoid' branch recruit

India's HDFC Bank is set to introduce customers to its latest recruit, a 'humanoid' robot named Ira, at a Mumbai bank branch later this month.

11 January 2017

News/Innovation

Robot-ready UK consumers still cling to the branch

Two-thirds of UK consumers are open to receiving financial advice from artificial intelligence agents, but are not yet prepared to foresake the human interactions provided by branch-based transactions, according to new research from Accenture.

11 January 2017

Finextra TV/Innovation

What are zombie products in banking?

Dominic Venturo, Executive VP and Chief Innovation Officer, US Bank, outlines how banks need to ensure they drive value from investment in payments, how payments are becoming more contextual, and data privacy by design.

11 January 2017