Innovation

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Dubai International Financial Centre inks MoU with UK's Innovate Finance

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has signed a Memorandum of Understanding (MoU) with Innovate Finance, an independent membership association that is at the heart of the UK’s FinTech ecosystem.

/Innovation

Dubai Financial Services Authority welcomes new sandbox cohort

The Dubai Financial Services Authority ("DFSA") announced the acceptance of seven new firms into its cohort process, which permits companies to apply for an Innovation Testing Licence ("ITL").

Google gets payments licence in Ireland

/Innovation

Google gets payments licence in Ireland

Ireland's central bank has granted authorisation for Google to operate as a payments institution, a move that could see the big tech giant significantly expand its financial services offerings across the European Union.

Challenger bank Chetwood gets UK banking licence

/Innovation

Challenger bank Chetwood gets UK banking licence

Chetwood Financial, which is backed by UK hedge fund Elliott Management, is the latest challenger bank to be granted a full UK banking licence.

Mastercard appoints first chief experience officer

/Innovation

Mastercard appoints first chief experience officer

Mastercard has hired Donald Chesnut from SapientRazorfish as it first chief experience officer.

JPMorgan recruits for blockchain delivery manager

/Innovation

JPMorgan recruits for blockchain delivery manager

JPMorgan is advertising for a blockchain delivery manager, to develop and execute a "comprehensive distributed ledger technology strategy" for the Corporate and Investment Bank.

BBVA reaches global digital tipping point

/Innovation

BBVA reaches global digital tipping point

Spanish banking giant BBVA claims to have reached a global digital tipping point, with more than 50% of customers now accessing products and services through remote electronic channels.

Fountain City Fintech grads win investment from nbkc

/startups

Fountain City Fintech grads win investment from nbkc

Kansas City-based nbkc bank has invested in two Bay Area graduates of its Fountain City Fintech programme, a 75-day accelerator for scaling promising startups.

/Innovation

Spar Nord connects to digital services with IFTTT

Spar Nord offers access to hundreds of digital services through collaboration with IFTTT, a Silicon Valley-based company.

Lights, camera, action! Finextra TV highlights 2018

/Innovation

Lights, camera, action! Finextra TV highlights 2018

It’s been a busy year for the Finextra TV team, posting 251 video interviews with leading industry figures during the course of 2018. Here are the top five by viewing figures.

2018: The future of banking in the spotlight as digital trends take hold

/Innovation

2018: The future of banking in the spotlight as digital trends take hold

As Finextra pulls the shutters down on 2018, we take a look back at our most popular news items and community engagement activities over the course of the past year. The site will re-open for business on 2 January 2019.

Finextra Research roundup: AI and Digital ID to the fore

/Innovation

Finextra Research roundup: AI and Digital ID to the fore

Some very interesting narratives have emerged over the course of 2018 through Finextra’s reports, most of which we expect to progress into increasingly diverse and innovative discussions during 2019.

/startups

DNB to invest in fintech startups via StartupLab

For the third time, DNB and StartupLab are inviting startups to the DNB NXT Accelerator.

Egypt's Commercial International Bank joins fintech venture trail

/startups

Egypt's Commercial International Bank joins fintech venture trail

Egypt's Commercial International Bank (CIB) is launching the country's first venture capital arm to focus squarely on investment in fintech startups.

Innovating from the outside in

/Innovation

Innovating from the outside in

Craig Young, Chief Information Officer, SWIFT, speaks at SOFE 2018 about the importance of innovation to SWIFTS growth and relevance for the future and which technology trends in the market are most promising.

/startups

Russia's fintech sector continues to grow

According to a new report from Deloitte and ID Finance, Russia’s private fintech sector continues to grow despite weaknesses in the economy and will be worth $810m by the end of 2018. This represents growth of 12% compared to 2017.

/startups

21 startups join MassChallenge inaugural fintech programme

MassChallenge, a global network of zero-equity startup accelerators, today announced the 21 startups that will join the 2019 MassChallenge FinTech inaugural program.

UK payment institutions warned of threat from cliff edge Brexit

/Innovation

UK payment institutions warned of threat from cliff edge Brexit

The European Banking Authority has warned of the dangers to UK payment institutions in the event of a no-deal Brexit.

LiquidShare moves into pilot phase

/Innovation

LiquidShare moves into pilot phase

LiquidShare, a blockchain-based post-trade settlement infrastructure for shares in small and medium sized enterprises (SMEs), has entered into a pilot phase with 15 market participants trading over Euronext.

/ai

Artificial intelligence company Daisee wins Westpac Innovation Challenge

Westpac Group has announced Richard Kimber, CEO and Founder of artificial intelligence company Daisee, as the winner of the fifth annual Westpac Innovation Challenge.

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