Latest Innovation News: Finextra Research

Live: EBAday 2019, day two

Payments professionals from across Europe are gathering in Stockholm this week for EBAday 2019, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

19 June 2019

News/Innovation

UK fintech salaries on the rise - report

Jobs in the UK's fintech sector have grown by 61% in the last year while demand for skilled workers has seen salaries rise by as much as 25% according to a recently published report.

18 June 2019

News/Innovation

India to review payments data storage rule

The Indian central bank has been persuaded to reconsider a controversial law that mandates payments data should not be allowed to leave India's borders.

18 June 2019

Company update/Innovation

JSTA and Securitize collaborate on digital securities in Japan

The Japan Security Token Association (JSTA), a Japanese organization focused on advocating for a compliant Digital Securities industry, and Securitize, which delivers trusted global solutions for compliant digital securities including issuance and lifecycle management, are collaborating to accelerate the adoption of Digital Securities in Japan.

18 June 2019

News/Innovation

EBAday 2019: How to champion women in payments

EBAday 2019 takes a fresh look at diversity during a lunchtime debate on best practices in national and corporate work policies, culture and how to ensure that dynamic work environments work for all genders in this industry.

18 June 2019

News/Innovation

Italy's banks to use DLT for reconciliations

The Italian Banking Association (ABI) has revealed that the country's banks will be using distributed ledger technology (DLT) to run its reconciliations as of March 2020, making it the first use of the blockchain among Italy's banks.

18 June 2019

News/Innovation

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

18 June 2019

News/Innovation

NatWest's Bó selects Loot founder and his team

Bó, the digital bank developed by RBS-owned NatWest, has recruited the founder of Loot, an online banking service aimed at millennials that went into administration last month.

18 June 2019

News/Innovation

EBAday 2019: Banks can learn from Sweden’s Greta Thunberg and Vision Zero

At EBAday 2019, the Euro Banking Association’s chairman of the board Wolfgang Ehrmann posits that there is a lot to be learnt from Sweden’s Vision Zero initiative, but also Swedish climate change activist Greta Thunberg.

18 June 2019

News/Innovation

Live: Ebaday 2019, day one

Payments professionals from across Europe are gathering in Stockholm this week for EBAday 2019, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

18 June 2019

Finextra TV/Innovation

Introducing the New Innovation Collective

Alexa Guenoun, Chief Client Officer, Temenos, speaks at The Temenos Community Forum 2019 in The Hague about the new Innovation Collective launched by Temenos, which banks are members and what the benefits of being part of this exclusive innovation group are.

17 June 2019

News/Innovation

Nordic banks to cut compliance staff in favour of robots

Two of the Nordics' biggest banks, Nordea and Danske Bank, expect to significantly reduce the number of staff employed in its compliance and financial crime departments and instead turn to robotics and artificial intelligence.

17 June 2019

News/ai

Tinkoff introduces Oleg the voice assistant

Russia's Tinkoff has unveiled Oleg, a "polite but also firm" voice assistant who can help customers with everything from transferring money to making restaurant reservations.

14 June 2019

News/startups

Fintech startups win a share of £25 million from RBS bail out fund

Five fintech startups - Codat, Fluidly, Form3 Funding Options and Swoop Finance - are the latest beneficiaries of the RBS bail out fund, each picking up £5 million in awards to boost competition in the market for SME banking.

14 June 2019

Finextra TV/Innovation

How to benchmark innovation in 2019

Josh Bottomley, Global Head of Digital at HSBC, speaks at Money 20/20 Europe about how to benchmark innovation in 2019, whether there are any technologies that should be embraced by banks that are not being done so at the moment and which countries in the developing world could surge ahead of Europe.

13 June 2019

Finextra TV/Innovation

Introducing Tinkoff's AI Projects

Oliver Hughes, CEO of London-listed Tinkoff Bank, speaks at Money 20/20 about the new developments at Tinkoff, how they are using AI across their business lines, the areas of success they have seen so far and which trends we can expect to see evolve in this space.

13 June 2019

Finextra TV/Innovation

From spaghetti to lasagne: How to transform a bank's tech platform

Eli Rosner, Chief Product & Technology Officer, Finastra, speaks at Money 20/20 Europe about their partnership with Microsoft, FusionONE & FusionFabric.cloud and how financial institutions can innovate their legacy systems.

13 June 2019

Company update/Innovation

UOB takes The FinLab to Malaysia

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) today launched a business transformation programme, the “Jom Transform Programme”, to help businesses in Malaysia adopt technology to drive productivity and growth.

13 June 2019