Latest Innovation News: Finextra Research

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

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

News/retail

Taiwan issues three digital banking licences

In a first for the island, Taiwan’s Financial Supervisory Commission has issued virtual banking licences to three consortiums – the latest development in the battle between Asian internet firms and the region’s legacy banks for a stronghold over consumer finances.

30 July 2019

Company update/Innovation

Microsoft and Publicis Sapient build digital trade finance bank in six months

Publicis Sapient, the digital business transformation hub of Publicis Groupe, and Microsoft, has today announced their partnership supporting the launch of the world’s first end to end digital trade bank, Anglo-Gulf Trade Bank. The two businesses aided in the creation of the entirely new bank by providing it with implementation strategy, technology and client experience from the outset.

30 July 2019

News/ai

DataRobot raises $200 million for AI software development - sources

Data science company DataRobot has raised a Series E funding round of an estimated $200 million to develop its artificial intelligence software and automated machine learning, sources have revealed to Xconomy.

30 July 2019

Company update/Innovation

Itiviti appoints new Head of Customer Success

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced the appointment of Gavin Welsh as EVP, Head of Customer Success, Itiviti Group. Gavin brings more than 25 years’ experience of Fintech customer support and relations to Itiviti, most recently as Global Head of Client Coverage at TradingScreen. Reporting to CEO Rob Mackay, Gavin will define and drive Itiviti’s customer strategy.

30 July 2019

News/cloud

Is RegTech encouraging a cloud revolution?

The deployment of new applications and the migration of core systems onto the cloud is in full swing, and financial institutions (FIs) could arguably soon be free of the legacy shackles that prevent them from moving forward into the age of digitalisation.

30 July 2019

Company update/Innovation

ICO selects ten startups for data protection sandbox

The use of biometrics to speed up airport passenger journeys, innovations in crime prevention and technological advances in the health sector are among the first projects selected to take part in the ICO Sandbox.

29 July 2019

Research/Innovation

The Future of Banking is Open

29 July 2019 1192 downloads

News/Innovation

Finextra issues call for comment on payments revolution

Finextra is opening a public consultation on the competitive pressures driving the future strategy and direction of banks, as the sector grapples with a series of profound disruptions that are shaking up the once staid payments industry.

26 July 2019

Company update/startups

Cuna Mutual group sets up fintech accelerator

CMFG Ventures, the venture capital arm of CUNA Mutual Group, and Filene Research Institute announced today the launch of the FinTech Catalyst Incubator to test new fintech products and services in credit unions.

24 July 2019

Finextra TV/Innovation

Hollowing Out The Core: Simplifying Banks' Transformation Journey

Madhur Jain SVP & Global Head- Solution Consulting, SunTec, speaks about Suntec's solution for Banks' striving forward in their transformation journey, how Banks can use technology as a lever to re-invent and change their business model, the benefits of 'hollowing out the core' and how Xelerate will simplify the complex transformation journey that lies ahead.

24 July 2019

Company update/ai

Applying AI to translate financial documents, Lingua Custodia raises EUR1.1 million

Lingua Custodia, the specialist in Machine Learning applied to financial translation, announces the closing of a €1.1m fundraising operation.

23 July 2019

Company update/payments

CBA combines transaction data with Google search data to forecast household spending trends

The Commonwealth Bank Household Spending Intentions Series launched today shows there is a turnaround in home buying intentions currently underway and the risks to economic activity and consumer spending are starting to recede.

23 July 2019

Company update/startups

International start-ups should choose Melbourne over Sydney says Tradeplus24

Melbourne, not Sydney, should be the clear choice for fast-growing overseas tech start-ups entering Australia, according to Switzerland-headquartered alternative lending start-up, Tradeplus24, which recently chose Melbourne as its home in Australia to begin a global expansion strategy.

23 July 2019