Digital Banking + FinTech

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Does Your Bank Need an Innovation Lab?

Traditional banking providers in the U.S. are falling behind in the innovation arms race that will define the industry for the next 20 years.

Innovation

Foodpanda may launch digital wallet amid expansion efforts in Hong Kong

As part of a mobile payments push, Foodpanda could launch an e-wallet service for its food delivery business, according to a company executive.<p>Arun …

Hong Kong

Top 10 Retail Banking Innovations in the World

To find the best innovations in retail banking, you usually need to look beyond North America. The best evidence of this ongoing trend is a review of …

Banking

Challenger bank OakNorth says it just closed the largest funding round of any UK fintech firm to date

British challenger bank OakNorth said Friday that Singaporean sovereign wealth fund GIC would take a 10 percent stake in the firm.<p>The state-owned …

FinTech

This UK fintech is taking on big banks with business loans — and one key EU law is driving it

A digital invoice finance platform in the U.K. will provide business loans to its customers for the first time, it was announced Wednesday.<p>Financial …

FinTech

These two twenty-somethings convinced HSBC to work with their startup — here's how

• <b>Fintech startup Bud has signed a deal with HSBC and raised £1.5 million from Investec and Sabadell Bank.</b>• <b><br>CEO says Bud is in talks with 42 other banks around the world about possible deals.</b>• <b><br>The two-year-old startup helps banks build new products and services in partnership with outside companies —</b> …

Banking

Banks should fear the financial prowess of Amazon rather than fintech firms, says McKinsey

The global banking industry is failing to respond to a growing digital threat, that could also be harnessed to ramp up profits, according to …

FinTech

UBA Group deploys AI-powered callback technology for instant customer response

<b>United Bank of Africa Group, (UBA) is going above and beyond the legacy banking systems to omni channel marketing and social media lead generation,</b> …

The Pulse of Fintech – Q2 2017

Goldman Sachs thinks fintech has as much potential as trading

Goldman Sachs has been pilloried for lackluster results from its trading division (paywall), so this week the bank gave investors a peek into its plans (pdf) for making more money. Surprisingly, the Wall Street powerhouse thinks it can generate as much revenue from online consumer loans—a market …

Markets

Big banks strike partnerships with technology companies as part of fintech wave

From rivals to allies, banks and disruptive internet majors in China are teaming up with each other in search of better synergy.<p>Bank of …

The disruptive forces shaping the future of financial services

Will innovation in financial services see banks successfully challenge the emerging models of small, smart fintechs? Will financial institutions …

Tech titans such as Facebook 'bigger threat to banks than fintech'

Amazon, Google and Facebook pose a much bigger threat to banks than financial technology start-ups despite concerns the latter are luring customers away, the World Economic Forum has warned.<p>The fintech sector, said to be worth around £7bn in the UK, has been a key area of focus for Chancellor …

FinTech

Beyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial Services | World Economic Forum

For years Fintech has been the hottest topic of discussion in financial services, with incumbents, regulators, and consumers all asking the same …

The Great Disruption: A FinTech Snapshot

New financial technologies are facilitating increasingly intricate flows of capital and are opening up a new era of economic growth. New markets, new …

FinTech

Preparing For Disruption: Fintech And The Fortune 500

If you think the biggest innovations in fintech come from startups, then in many cases, you’re probably right. Despite being larger and better funded, Fortune 500 financial companies often fall short of their small and scrappy competitors that bring to life the “less is more” concept – operating at …

FinTech

Skype billionaire Niklas Zennstrom and LocalGlobe back UK fintech startup Cleo and its Facebook AI chatbot for finance

The billionaire co-founder of Skype and one of the UK's top startup venture capital investors are backing a UK fintech behind a chatbot helping …

The most significant fintech acquisitions of 2017 so far

According to KPMG’s Pulse of Fintech report, fintech VC activity in Europe has hit a historically high level for successive quarters. In Q1 2017, …

KPMG

Aviva and Founders Factory are betting on these five fintech startups for artificial intelligence, blockchain and virtual reality expertise

Aviva is betting on virtual reality, artificial intelligence and blockchain when it comes to technology.<p>The insurer has unveiled the first five …

Your local branch has gone and you don't like online banking. What are your options?

Boasting a steam railway, an annual regatta and a castle, the small seaside town of Dartmouth in Devon provides just the idyllic escape beloved of holidaying families or retired couples.<p>But following the closure of the town’s Lloyds branch in March, and its HSBC last year, the town’s ageing …

Banking

The story behind the world's first cashpoint

The world’s first cash machine landed on a north London high street 50 years ago this week, transforming everyday banking for millions of people all over the globe.<p>On June 27 1967 the cash machine, installed outside a Barclays branch in Enfield, north London, was unveiled. Customers who needed to …

Banking

Misys boss to lead fintech giant after merger with DH

The boss of banking software firm Misys is to take the helm of a new £1.7bn company called Finastra that has been formed from the British company's merger with Canadian rival DH Corp.<p>Nadeem Syed has been named chief executive of the giant fintech business, which is owned by Vista Equity Partners …

FinTech

Barclays' Techstars Is Quietly Building A Fintech Empire

Since the dawn of fintech, London’s historic financial hub has been the beating heart of the scene’s niche ecosystem. But in a post-Brexit economy, …

Bangkok Post

Fintech bill secures important backing<p>10 Jun 2017 at 09:05<p>Copy text Save PDF Email Print text<p>The Fintech Association (TFA) has thrown its support …

What We Can Expect From The Future Of Hong Kong's Fintech Scene

One of the buzzwords in the startup community for the last several years has been “fintech.” This hot topic covers a broad subject area but the actual meaning of the term is often not fully understood. What is clear is that Hong Kong remains one of the most prominent financial centers in the world …

FinTech

THE FINTECH PROFITABILITY REPORT: Why fintechs are struggling to turn a profit, and the hurdles they must overcome to see success

<i>This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.</i><p>Most fintechs, even the unicorns, aren't profitable.<p>Despite having innovative ideas and live products that are successfully disrupting the …

FinTech

The Explosive Impact of Block-Chain Technology

<b>The St. Petersburg International Economic Forum 2016 recognised blockchain as one of the ten most promising technologies globally, as it can</b> …

Nigeria occupies 7th place on PoS transactions in Africa

Nigeria occupies seventh position among African countries where the use of point of sale (PoS) form part of transactions, Nigeria CommunicationsWeek …

Banking

Japan: Major bank Sumitomo developing biometric ID fintech software

MEGABANK Sumitomo Mitsui Financial Group has announced their research and development division is working on an identification verification software …

FinTech