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News/Innovation
Abu Dhabi-based Islamic lender Al Hilal Bank has teamed up with MasterCard to launch a credit card with a built in digital compass to help customers find Qibla, the direction Muslims must face while performing Salah.
23 October 2012
UK supermarket giant Sainsbury's has begun trialling a service that lets customers scan items as they shop using their phone and pay at the till without unloading their trolley.
19 October 2012
Sberbank of Russia is to set up a $100 million venture fund, rising to a possible $700 million over three years, to invest in promising fintech start-up companies.
Mobile shopping outfit Airtag has launched an API toolkit for banks and mobile network operators to ease the development of MasterCard PayPass Wallet applications.
18 October 2012
Braintree, the Chicago start-up behind a platform that enables online and mobile businesses to accept card payments, has raised $35 million in a series b funding round.
17 October 2012
Finextra TV/Innovation
Ian Hooper, Asia Pacific lead, Accenture Payments Services looks at innovation and technology investment in the Asia Pac regions.
Forget mobile payments, the next wave of innovation to strike the payments industry could see a simple handshake emerge as a novel form factor in the transfer of cash, according to a new crystal ball-gazing report from the UK Payments Council.
10 October 2012
Tampa-based credit union Grow Financial has installed a giant, augmented reality video wall outside its latest branch where passers-by can play a game and win money.
Nutmeg, an online investment manager promising to offer private banking-type services for everyone, has launched in the UK.
08 October 2012
Payleven has become the latest Square-clone to launch in Europe, distinguishing itself from a plethora of rivals by claiming to be the first offering chip and PIN authentication.
03 October 2012
Americans are being invited to submit personal finance-related mobile app ideas for a competition which could see them given expert advice and resources to build their product and claim a share of a $100,000 prize fund.
Capital One has become the latest financial institution to open up its APIs to developers, inviting outsiders to help deliver deals and rewards to customers.
Dubai's Noor Islamic Bank has launched an online 'bank of the future' contest offering a $20,000 prize for the most innovative idea for improving customer service standards at the five-year old bank.
02 October 2012
A mobile app that helps users manage their student loans has won the US Treasury-backed MyMoneyAppUp Challenge, netting its creator $10,000.
Canary Wharf Group has outlined plans to open an "accelerator space", called Level39, for financial technology businesses.
01 October 2012
A new online and mobile-centric bank, called Knab, has launched in the Netherlands, promising to use social media tools and technology to offer a more transparent and personalised service.
28 September 2012
M. Balakrishnan, COO of the National Payments Corp of India updates Finextra about mobile payments innovation and the rollout of RuPay in the sub-continent.
Bank of America is working with Boston-based start up Paydiant to test the company's white-labelled mobile payments service in its home town of Charlotte, North Carolina.
27 September 2012
Spanish banking group BBVA has launched a free iPad magazine focussed on innovation in the financial services industry.
25 September 2012
Financial technology entrepreneurs are being asked to pitch their ideas for a London-based programme that will see them get assistance and advice from executives at major banks and venture capital companies.
24 September 2012
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