As PSD2 looms into view, open banking and APIs have been central to discussions at this year’s Sibos, with banks grappling with the threats and opportunities presented by the opening up of data.
Societe Generale is bidding to tap into London's booming fintech sector with the appointment of Anthony Woolley as head of innovation for the UK.
The European Central Bank is inviting independent techies and vendors to develop a mobile app for its forthcoming instant payment settlement system that will let people and businesses send money anywhere in the euro area within seconds.
Fidelity is using virtual reality to transport staff into the homes of fictional customers so that they can see the impact of their responses to queries both during and after a simulated telephone call.
Having clinched a host of fintech cross-border agreements with regulatory agencies across the world, Abu Dhabi Global Markets is now turning its attention to the commercial banking industry, signing an MoU with YES Bank to spur collaboration between the Middle East and India.
Early results from a blockchain proof-of-concept conducted by Swift with six of the co-operative's member banks indicate that DLT application can deliver the business functionalities and data richness required to support real-time liquidity monitoring and reconciliation.
OakNorth, a UK challenger bank targeting small- and medium-sized businesses, is looking to ramp up lending and license its technology around the world after raising £154 million from a group of international investors.
Increased regulatory burden is hampering smooth and timely onboarding of customers, as banks struggle with technology implementation and budget parameters, according to financial industry professionals surveyed in a new paper by Finextra Research.
The fintech market globally made a strong rebound in Q2 2017, with total investment more than doubling on a quarter over quarter basis to more than $8.4 billion across 293 deals.
A year on from its launch, Thomson Reuters is doubling down on its Toronto technology centre, committing another US$100 million to the project, which will eventually be home to 1500 staffers working on areas such as cloud computing, big data and AI.
© Finextra Research 2017