One of the big problems of the digital economy is unity. Everyone is out for themselves which could mean no one wins, reports Telecoms.com (Banking Technology’s sister publication). What we’re talking about here are the rules – the legislation and regulation which defines how a company can operate in the connected economy. There sure are […]
Finastra, R3 and seven banks – including BNP Paribas, BNY Mellon, HSBC, ING and State Street – are working together to create a blockchain-fuelled online marketplace for the syndicated loan market. Underpinned by Corda, R3’s distributed ledger technology (DLT) based platform, Fusion LenderComm exposes real-time credit agreement, accrual balances, position information and transaction data to […]
If you ask the world of technology to slow down a bit, you’re instantly branded as a technophobe. But perhaps a bit of reflection is needed in the artificial intelligence (AI) arena, reports Telecoms.com (Banking Technology’s sister publication). Google’s Deepmind is one of those which is starting to think a bit deeper about the big, […]
What would you do with $339 million? London-based mobile operator Truphone gets to answer that question today as it closes its $339 million (£255 million) private equity round.
Mobile banking is nothing without mobiles, and as Apple leads the way in innovation it provides opportunities for banks to do things differently too. So, with the launch of the iPhone X, what is next for mobile banking in a world that can’t get enough of phone upgrades?
Sirin Labs is a recognisable name if you know where to look. Last year, it brought you a £11,400 smartphone with “military grade” security, and now it wants to bring you a blockchain smartphone called Finney.
Blockchain-based commercial bonds on the Russian market, Bitcoin recognition in Japan and new digital currency in Dubai. Our latest blockchain and Bitcoin round-up features National Settlement Depository, bitFlyer and Dubai Economy. Starting off in Russia, the National Settlement Depository (NSD) has unveiled the first blockchain-based commercial bonds on the Russian market based on Hyperledger Fabric […]
Marketplace banking has the potential to deliver an interconnected financial services industry where banks can get closer to their small business customers explains Five Degrees’ Peter-Jan Van de Venn.
For those in employed in financial services, technology has always been important – integrated systems for operations and execution have been with us for decades. But to the banking customer at a High Street branch the advances in technology may not be obvious. However, slowly and surely innovations from the fintech sector are filtering down to the mass-market.
Timex and Barclaycard have partnered in true style to produce a new range of contactless payment watches. The Fairfield Contactless promises to be a perfect fusion of style and smart functionality. Coming in at a retail price of £159, it’s all about the leather bPay embedded strap, which brings wearable technology to the wrist. bPay […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Following testing by Russia’s largest bank, Sberbank, to deliver cash to clients using a custom-made drone, the arrival of more frequent cash deliveries by drones look to be just around the corner, with reports suggesting as early as the end of 2017.
While Google is doing its impression of a petulant child, storming home from the park with its football tucked under its arm by barring Amazon Echo Show access to YouTube, Amazon has drafted a host of reinforcements for its Alexa offensive, reports Telecoms.com (Banking Technology’s sister publication). For the most part, the majority of the news […]
What will make or break bank risk management? Victoria Chatterton, strategic director of RiskMinds, gives the lowdown.
Tata Consultancy Services (TCS) will set up an artificial intelligence (AI) “Centre of Excellence” (CoE) with Intel as they join the horde hoping to prosper in this highly competitive market. The new AI CoE will be equipped with the usual technologies and experts to assist “Intel Nervana AI Academy” members – including developers, data scientists, […]
Enterprise software firm R3 and trade finance specialist TradeIX are developing an end-to-end open account trade finance business network which will be powered by TradeIX and R3’s Corda distributed ledger platform. The initiative is a joint undertaking between the duo, and 12 financial institutions including Bangkok Bank, Barclays, BBVA, Bladex, BNP Paribas, Commerzbank, CTBC Bank, […]
It might not have totally nailed artificial intelligence (AI) yet, but with its new research project, Loihi, Intel claims to have crossed a bridge which many are still trying to build; on-chip learning, reports Telecoms.com (Banking Technology’s sister publication). In its search for a new growth area, Intel has focused on the burgeoning world of […]
SunTec has unveiled its out-of-the-box open banking solution, offering preset configurations and definitions, through its Xelerate billing system. With the rise of open banking, SunTec wants to join the throng looking to prosper in a very competitive and crowded market. The firm says banks can use the layer to get business value from their APIs […]
Many industries have already been technologically disrupted. Financial services and banking won’t be any different. New digital banking platforms will emerge with an automated, compliant core and a connection layer for all kinds of third party services to tap into. This is API banking, or marketplace banking.
Move closer, move your fintech body real close, until we feel like we’re really making innovation. Our latest super-friendly fintech alliance round-up features Switzerland and Hong Kong; Japan and Abu Dhabi Global Market; and the UAE loving itself. The State Secretariat for International Financial Matters (SIF) under the Swiss Federal Department of Finance and the […]
Exchange traded funds, certification, a rewards network and a new cryptocurrency. Our latest blockchain and Bitcoin round-up features Evolve Funds Group, DNV GL, Deloitte and Codemojo. Evolve Funds Group has filed a preliminary prospectus with the Canadian securities regulators for Canada’s first cryptocurrency exchange traded funds (ETFs), Evolve Bitcoin ETF (aka BITS). “Accessing Bitcoin is […]
When was the last time you visited a bank branch? While the rise of the internet, banking shifted the customer interaction from the branch to the web, the business was still owned and run end-to-end by the bank and at lower cost. For a few years now, the landscape has altered significantly bringing Kodak to […]
State Street has launched its Quantextual Idea Lab, a hybrid of machine learning and human knowledge, for improved investment research. According to the firm, investment professionals are inundated with research reports from the sell side, the buy side and academia. It reckons financial research teams can produce enough content to consume 24 reams or 12,000 […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Intel has shown its defensive side with a humble-brag that it has invested $1 billion in artificial intelligence (AI). We didn’t realise Intel had to use money to make friends, but each to their own, reports Telecoms.com (Banking Technology’s sister publication). In an editorial piece by CEO Brian Krzanich, Intel has decided to shout at […]
Why would a bank let their corporates indulge in setting up system privileges online – without keeping close tabs on the process? Here’s why.
We’ve seen a couple of artificial intelligence (AI) shout-outs this week with Microsoft targeting telcos’ worryingly poor customer service record and European scientists potentially creating the building blocks for Skynet, reports Telecoms.com (Banking Technology’s sister publication). Starting in the Microsoft offices, the team has paired up with Amdocs to provide an intelligent solution to one […]
Analyst firm Ovum hosted its Digital Futures event at which Nokia’s CTO explained why we need to fundamentally redesign the network.
Marieke Flament, European MD at Circle, discusses how technology is transforming the global payments landscape.
Enterprise software firm R3, the UK’s Financial Conduct Authority (FCA), RBS and another unnamed bank have built a prototype application for regulatory reporting of mortgage transactions on R3’s Corda distributed ledger technology (DLT) platform. The application is also able to generate automated delivery receipts for the regulator when a mortgage is booked. The application was […]
Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technology, PayJoy snagged $6 million while B2BPay won BBVA’s Open Talent Global Fintech for Companies competition.
Fintech zeitgeist! Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. This week, Tim Rogers, engineer at London-based start-up GoCardless, asks do we need to kill screen scraping? If you work in this industry you’ll […]
After his first few months at the helm of the Network Branded Prepaid Card Association, Brian Tate talks about prepaid’s role alongside fintech in the next generation of payments innovation.
Before you get too excited about the down and dirty world of cloud security, we should warn you this is more of a light-hearted report on the quirky things our sister publication Telecoms.com picked up at the CloudSec conference.
Google might be raising some eyebrows with its traditional business, but the cloud team has started down an interesting route in the world of data centre interconnect (DCI).
Capgemini has roared into the artificial intelligence (AI) battle with new research which claims the human cost of automation is a myth, reports Banking Technology’s sister publication Telecoms.com. There might be a few people who will raise concern over such a claim, but in a survey of almost 1,000 organisations with revenues of more than […]
The fintech funding is on fire. Following on from yesterday’s (6 September) action, here’s another round-up. Features ABN Amro, Cloud Lending Solutions, Dataiku, EY and Innovate Finance. Amsterdam-based ABN Amro has made an undisclosed investment in US-based Cloud Lending Solutions (CLS) – the second by the bank’s Digital Impact Fund (DIF) and in line with […]
The landscape of cross-currency (FX) payments is taking on a whole new look – creating challenges for corporate financial managers and the need for new banking solutions.
The risks are big, but the opportunities are even bigger; that’s why only the bravest are making the most of the digital economy to date.
Basel Committee on Banking Supervision (BCBS) has published a report, “Sound practices: implications of fintech developments for banks and bank supervisors”, and is asking for public feedback until 31 October 2017.
