Latest Innovation News: Finextra Research

Nordic API Gateway launches account-to-account payment services

Backed by DNB and Danske Bank, Nordic API Gateway has opened its payment initiation service, designed to help third-parties build instant account-to-account payment services for both businesses and consumers.

07 August 2019

News/Innovation

Shinhan Card tests Face Pay

Korea's Shinhan Card group has begun testing a facial recognition-based payment system within the company's canteen and onsite convenience store.

07 August 2019

News/Innovation

MAS introduces 'Sandbox Express'

The Monetary Authority of Singapore has launched 'Sandbox Express', designed to relieve users experimenting with low risk applications of the cumbersome application and approval process demanded under its existing approach.

07 August 2019

News/Innovation

Standard Chartered opens innovation lab in Shanghai

Standard Chartered has opened its latest innovation lab and fintech incubator in Shanghai, in a bid to tap into the country's vibrant tech ecosystem and expertise in AI and Big Data.

07 August 2019

Finextra TV/Innovation

A game changer for generating code in a digital age

John Wise, CEO, Co-Founder and Chairman of InvestCloud talks Finextra through the genesis of InvestCloud, the role and evolution of Programmes Writing Programmes (PWP) and simplified intelligence in generating code, the importance of 'Digital Empathy' in a digital age and how Cloud has shaken up the market in the last decade.

06 August 2019

Finextra TV/Innovation

Tips on Transformation, Innovation and Partnerships

Paul Thomalla, Global Head of Payments, Finastra, speaks at EBADay 2019 about the tipping point for transformation, innovation and partnerships, the drivers behind this change, the importance of innovation and the role of Finastra's FusionFabric.cloud, and how banks should be thinking about partnerships going forward.

05 August 2019

Company update/startups

Nyca Partners raises $210 million for third fintech fund

When we started Nyca in 2014, our goal was to create a unique venture capital firm, comprised of experienced financial services and technology professionals to help companies succeed in the rapidly evolving financial system.

05 August 2019

News/payments

UK PSR confirms Confirmation of Payee 31 March 2020 deadline

Following a slow roll out of ‘Confirmation of Payee’ (CoP) technology, the UK Payment Systems Regulator has ordered Lloyds, RBS Natwest, Barclays, HSBC, Nationwide and Santander to assure implementation by 31 March 2020.

02 August 2019

News/regulation

Indonesian regulator OJK shuts down 826 fintechs – Bloomberg

The Indonesian Financial Services Authority, known as OJK, has shuttered a staggering 826 fintech startups operating without a license in this year alone, despite the increased appetite for the industry in the Southeast Asian nation.

02 August 2019

News/Innovation

R3 commits to London despite Brexit uncertainty

R3, the enterprise blockchain software company, has doubled the size of its London hub amidst Brexit precariousness.

02 August 2019

Company update/cloud

IBM software products now cloud-native for public and private clouds

IBM today announced that it has transformed its software portfolio to be cloud-native and optimized it to run on Red Hat OpenShift. Enterprises can now build mission-critical applications once and run them on all leading public clouds, including AWS, Microsoft Azure, Google Cloud Platform, Alibaba and IBM Cloud and on private clouds.

02 August 2019

Company update/wholesale

UBS partners with BizEquity for enterprise access

UBS Financial Services Inc. today announced a partnership with BizEquity, a leading online provider of estimated business valuations. This will allow a select group of UBS financial advisors in the US arm of its Global Wealth Management business, to access BizEquity’s database of businesses and valuation information. Enterprise access through BizEquity will increase the service and support that UBS financial advisors can provide to business owner clients, and informal valuation reports will assist with financial planning needs that will allow clients to be more competitive in their respective industries.

02 August 2019

Company update/retail

Mastercard, goop and Next Retail Concepts upgrade online shopping in Canada

For the first time, goop will extend the unique brand experience of the physical goop MRKT Toronto pop-up to digital shoppers in the Canadian market. Powered by Mastercard and Next Retail Concepts and guided by goop, the innovative digital environment will allow shoppers to browse and buy just as if they were in the physical store.

02 August 2019

News/Innovation

Nationwide to open digital innovation centre in London

Nationwide is to open a new digital innovation centre in London, creating over 750 new technology jobs.

01 August 2019

News/Innovation

Build your own robot with speech tech from Tinkoff

Russia's Tinkoff Bank is to sell the proprietary speech recognition software behind its chatbot Oleg to corporate customers.

01 August 2019

Company update/Innovation

Tokyo Stock Exchange opens data sandbox

Tokyo Stock Exchange, Inc. (TSE) announces that it will launch a data sandbox program* (hereinafter "the Program") to serve as a new framework for supporting, on a cross-industry basis, the creation of new services by start-up companies for the securities sector.

01 August 2019

News/Innovation

Caixabank rolls out facial recognition ATMs

Caixabank is introducing ATMs that enable customers to withdraw cash using just facial recognition technology at a new 2200 square metre branch in Valencia.

01 August 2019

News/Innovation

Circle CEO claims current financial system is 'failing 99% of the time'

Testifying before the US Senate Committee on Banking, Housing and Urban Affairs, Circle co-founder, chairman and CEO Jeremy Allaire highlighted that the existing financial services system is in dire need of being completely overhauled.

30 July 2019

Company update/ai

JPMorgan Chase locks in five year deal with AI marketing platform Persado

JPMorgan Chase today announced a five-year, enterprise-wide deal with Persado, the leader in using AI to generate the highest performing marketing creative. After a successful pilot, Chase is expanding its partnership across the company to cover marketing creative that will reach millions of current and potential customers. Persado uses AI to generate more effective marketing copy. In its pilot, Chase saw as high as a 450% lift in click-through rates on ads rendered by Persado, compared with others in the 50-200% range.

30 July 2019

Company update/payments

Glint launches gold-based debit Mastercard and app in US

Glint Pay Inc. (Glint), a subsidiary of the U.K.-based fintech company that makes gold an alternative global currency by enabling its clients to buy, sell, save and spend their physical gold instantly through the Glint Debit Mastercard and Glint App, today announces the launch of its products in the U.S. and the selection of Boulder, CO as its U.S. headquarters. To date, Glint has more than 50,000 app downloads, 10’s of thousands of registered users and more than USD $50 million in transacted volume.

30 July 2019