Latest Innovation News: Finextra Research

ABN Amro doubles down on fintech venture fund

ABN Amro has doubled the size of its fintech venture fund from EUR50 million to EUR100 million, as it continues its search for startups with potential to reshape the future of financial services.

20 November 2019

News/regulation

UK charges ahead with legal certainty for smart contracts and cryptoassets

In a landmark statement, the UK Jurisdiction Taskforce of the Lawtech Delivery Panel today set out the recognition of cryptoassets as tradable property, and smart contracts as enforceable agreements under English Law.

18 November 2019

Company update/regulation

BIS sites Innovation Hub in Singapore

The Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) today launched the BIS Innovation Hub Centre in Singapore.

15 November 2019

News/Innovation

Nestle store in Spain trials facial payments

A Nestle grocery store in Spain has implemented a face payment system developed by CaixaBank and the bank's Payment Innovation Hub alliance, comprising partner institutions Global Payments, Visa, Samsung and Arval.

15 November 2019

News/Innovation

Westpac wants your next bank manager to be a robot

Westpac CEO Brian Hartzer says the bank wants to recreate the personal touch of the old-time bank manager by using artificial intelligence technology to pander to each customer's particular needs.

15 November 2019

Company update/Innovation

Liverpool conference puts fintech in the spotlight

Expert speakers from across UK FinTech spoke today about the contribution Liverpool, the North West, and other regions will make in doubling the size of the sector by 2030.

14 November 2019

Company update/Innovation

LHoFT launches the Luxembourg Academy of Digital Finance

Luxembourg House of Financial Technology (LHoFT) and Centre for Finance, Technology and Entrepreneurship (CFTE) are delighted to announce the formation of the Luxembourg Academy of Digital Finance.

14 November 2019

Company update/Innovation

Anthemis adds new partners

Anthemis, a venture investment firm committed to cultivating change in financial services, today announced three promotions and a senior hire.

14 November 2019

Company update/ai

BNY Mellon joins Singapore's ethical AI alliance

BNY Mellon, a global leader in investment management and investment services, announced that it has joined with other financial industry market participants to create a framework for financial institutions to promote the responsible adoption of artificial intelligence and data analytics (AIDA).

14 November 2019

News/Innovation

Plum raises another $3m and launches on Android

Closing a second round of funding with a $3 million investment, AI powered smart savings app Plum now boasts a total lifetime investment of $9.3 million.

13 November 2019

News/Innovation

The CIO’s blueprint for streamlining digital business agreements

80% of financial institutions will become irrelevant by 2030 due to their inability to compete with digitally-savvy rivals, according to research by Gartner.

13 November 2019

Company update/ai

Italian Banking Association opens AI hub

In an effort to share knowledge and experience from across the banking sector, ABI Lab, the banking research and innovation centre promoted by the Italian Banking Association (ABI), has created a new Centre of Expertise on Artificial Intelligence, the Artificial Intelligence Hub (AI Hub).

13 November 2019

News/Innovation

Research highlights the work that robo-advisers still have to do

Research by wealthtech provider, Nucoro, shows that only 8% of people believe a robo-adviser would provide the best returns on their money.

13 November 2019

Finextra TV/Innovation

The convergence of consumer and corporate product expectations

Bradley Garfield, Head of Commercial Cards Product & Brian Grech, Head of Consumer Payables Sales, Bank of America, speak at Money 20/20 USA about their approach to managing the proliferation of payments of choices, some of the new trends around innovation and how the convergence of consumer and corporate product expectations is shaping up.

12 November 2019

Company update/devops

Offline payments app wins Temenos Innovation Hackathon

Temenos (SIX: TEMN), the banking software company, today announced the winners of the largest Temenos Innovation Hackathon to-date, which used the extensive ecosystem of open APIs available on its Developer Portal.

12 November 2019

News/sustainable

De-risking sustainable reporting of commercial banking data

While the Sustainable Development Goals (SDGs) set by the United Nations General Assembly for 2030 are ambitious, the financial services industry will play a crucial role in supporting countries with implementing new approaches to build momentum and accelerate progress.

12 November 2019

Company update/Innovation

HKMA forges blockchain pact with People's Bank of China; works on CBDC exchange with Thailand

The HKMA used Hong Kong Fintech Week to highlight a series of initiatives aimed to foster the fintech ecosystem in Hong Kong.

12 November 2019

News/Innovation

YES Bank launches sandbox housing 50 bank APIs

India's YES Bank has laid claim to the launch of the country's largest developer platform, housing an array of 50 APIs for use by third parties.

12 November 2019

News/retail

HSBC claims hyper-personalised banking will be driven by digital ID

A new report from HSBC reveals that the traditional products-based approach in retail banking will be replaced by hyper-personalised services, where customer personal data will be collated to form a central digital ID.

12 November 2019

Company update/Innovation

ABN Amro exchanges blockchain knowledge at trade mission to Singapore

How can we work together with other banks and public organisations to detect financial crime?

11 November 2019