Latest Innovation News: Finextra Research

Significant steps forward in Blockchain

David Collins, Head of Financial Services, GFT Technologies, explains the reasons behind slow adoption of blockchain within in the financial market in particular, where progress is being seen most, and how the market is likely to react to these findings.

30 October 2018

Company update/startups

Deloitte, Equifax and FreeAgent sign on as partners to NatWest’s Entrepreneur Accelerator programme

NatWest has announced that Deloitte, Equifax and FreeAgent have signed up as partners to its Entrepreneur Accelerator programme, the UK’s largest fully-funded business accelerator network, with 12 hubs located throughout the country.

29 October 2018

News/Innovation

Most banks will be made irrelevant by 2030 - Gartner

Within 12 years time, 80% of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology, according to forecasts by Gartner.

29 October 2018

News/Innovation

Embracing the Blockchain Moment

Jens Hachmeister, managing director, DLT, crypto assets and new market structures at Deutsche Bourse, believes the embrace of distributed ledger technology by the global banking community will help the industry avert a long-heralded Kodak Moment.

29 October 2018

News/Innovation

Citi dangles $50,000 carrot for innovation challenge

Citi is inviting late-stage fintech startups to apply for an Open Innovation Challenge, to inspire the development of products that can be used to help customers better manage their debt and improve their financial well-being.

26 October 2018

Company update/startups

Accenture hosts eight startups at Asia Pacific demo day

Eight leading financial technology (fintech) companies presented their solutions and services to top banking, insurance, venture capital and technology executives today at the fifth annual Accenture (NYSE: ACN) FinTech Innovation Lab Asia-Pacific Investor Day, which highlighted the evolution and growth of the industry.

25 October 2018

News/Sibos

Sibos: Real-time charity, student winners and the human side of AI

Wrapping up Sibos 2018, Bill Doran, Swift’s head of Oceania, demonstrated Australia’s real-time payment system with a live charity drive, while Monash University student team Hebe won AUD$30,000 with its proposal for helping Australia’s banks protect consumer privacy in a world of open banking.

25 October 2018

Finextra TV/Innovation

Addressing the Consolidation, Regulatory and Technology Challenges

Didier Bouillard, CEO of Calypso Technology discusses at Sibos 2018 in Sydney the challenges that financial institutions are currently facing, how Calypso technology is solving these issues, and how the markets will evolve in the future.

25 October 2018

News/inclusion

Money 20/20 Day Four: The unconscious bias inhibiting diversity and inclusion

Taking a step back from innovation for the day, this year’s Money 20/20 Las Vegas event concluded with banking executives and fintech players sharing their personal experiences of the financial services industry.

24 October 2018

Company update/Innovation

Dubai Financial Services Authority invites applications for Innovation Testing Licences

The Dubai Financial Services Authority (“DFSA”) is pleased to announce that round two of the cohort process, which enables companies to apply for an Innovation Testing Licence (“ITL"), is set to open shortly.

24 October 2018

Company update/startups

Lattice80 opens new fintech hub in Hong Kong

LATTICE80, the World’s Largest Fintech Hub headquartered in London opens a new Fintech Hub in Hong Kong.

24 October 2018

News/Innovation

Money 20/20 Day Three: Liberating cryptocurrency for an Internet-style revolution in payments

Litecoin’s Charlie Lee contradicted popular belief on day three of Money 20/20 by stating that cryptocurrency encourages free movement of money and blockchain advocates should expect a positive change in privacy protocol, as fungibility is the only missing component for widespread adoption.

24 October 2018

News/Innovation

HSBC trials in-branch Samsung smartwatch pilot

HSBC is equipping staff members at a Manhattan branch with Samsung Gear S3 smartwatches for a pilot designed to see how mobile technology can improve employee communications and customer experiences.

24 October 2018

News/security

NAB and Microsoft test facial recognition for ATM withdrawals

National Australia Bank has teamed up with Microsoft on a proof-of-concept that taps AI to let customers make ATM withdrawals using facial recognition and a PIN.

24 October 2018

News/Innovation

Money20/20 Day Two: The trade-off between banking innovation and financial security

Feedzai CEO Nuno Sebastião opened day two of Money20/20 in Las Vegas with an educated discussion about emerging technology, financial crime and how banking executives are changing their attitude towards fraud.

23 October 2018

News/Sibos

Bian unveils free API market for banks

Banking not-for-profit Bian has launched a free online market, containing APIs developed by firms including IBM, Microsoft, Citi and PNC.

23 October 2018

News/Innovation

Umpqua sells innovation unit to Kony

Portland-based Umpqua Bank has agreed to offload its Pivotus Ventures innovation subsidiary to tech firm Kony. Terms of the deal were not disclosed.

22 October 2018

Company update/startups

Singapore FinTech Festival attracts US$12 billion of capital for Asean enterprises

The Monetary Authority of Singapore (MAS) announced today that 380 participating investors who enrolled for the Singapore FinTech Festival’s deal-making platform, MATCH, have indicated intentions to invest up to a total of US$6.2 billion in ASEAN enterprises next year, and an additional US$6 billion earmarked over the subsequent two years.

22 October 2018

Company update/startups

Barclays sets up AgriTech team

Barclays today announced the launch of a dedicated agri-tech team, focused on supporting UK start-ups to connect with the farming community and boost innovation.

22 October 2018

News/Innovation

JPMorgan to open fintech campus in Silicon Valley

JPMorgan is to open a 'fintech campus' in Silicon valley, housing 1000 employees and rubbing shoulders with Big Tech giants such as Facebook and Google.

22 October 2018