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Innovation & Startups

03/01/2021

Walmart Sharpens FinTech Super App Ambition, Poaches Goldman Bankers

Walmart CEO Doug McMillon said recently that the company was working toward becoming what PYMNTS termed a "super app."

03/01/2021

Avalon SteriTech and SoftBank Robotics Group Launch New Joint Venture to Develop and Promote Innovative Public Healthcare and Hygiene Solutions

The immediate goal of the joint venture is to introduce bio-decontamination capabilities to Whiz, the industry-leading autonomous AI cleaning robot.

03/01/2021

intelliflo combines five digital wealth businesses under one brand

Intelliflo UK’s Intelligent Office becoming intelliflo office – which streamlines the entire advice process, allowing users to enter client’s data once, and use it for many different purposes, all within a single, time-saving system.

03/01/2021

Absa introduces digital account opening

This is another way Absa is finding innovative ways of doing business with our customers in mind.

03/01/2021

Industry Voice: Tech innovations for pensions needn't come from inside industry

Barton cites the UK's experience with Open Banking as also holding lessons for the pension sector.

03/01/2021

VTB and Gazprom Neft launch blockchain-enabled payments

The details of the completed blockchain-enabled transactions are documented and made available to all the participants concerned, which is another important advantage of the Smart Fuel platform.

03/01/2021

The promise and possibilities of Open Banking

It has been estimated that PSD2 has the potential to create a revenue opportunity of at least £15.6bn by 2025 across retail and small-business markets.

03/01/2021

Bulb-led coalition to create Tech Zero taskforce

Net zero commitments, low carbon investments and green customer motivations will be among the priorities of the group

02/28/2021

Cyprus 4.0: Wealth Management has a ‘special relationship’ with technology

For nearly all the wealth managers interviewed in this third edition of Cyprus 4.0, building trust and a solid personal relationship with clients is simply essential to strategy.

02/28/2021

Fintech firms want to keep their golden shares. London may be forced to agree

Watering-down stock market rules might sound outrageous, but the success of these companies matters to the market

02/26/2021

Lloyds Bank to step up fintech partnerships

The proportion of products originated via digital channels also increased significantly in 2020, up 10 percentage points to 85%.

02/26/2021

Deutsche Börse seals 81% majority takeover of ISS

Together, both partners will support market participants in making well-informed investment decisions with a particular view on sustainability criteria.

02/25/2021

DFI and Canonical offer risk-free system updates and reduced software lead times for the IoT ecosystem

The online update mechanism and the authorized DFI application store reduce development time to deploy new services.

02/25/2021

Finablr owners set for merger with Bahrain payments firm

The deal will be subject to regulatory approval in India, Bahrain and Kuwait.

02/25/2021

PayThink Open banking's not just for Europe anymore

This can involve the use of artificial intelligence (AI) or machine learning, for example.

02/25/2021

Taking The On-Ramp To Financial Modernization

Many of the tools now being used to accelerate modernization initiatives were already available, though perhaps not widely adopted.

02/25/2021

Cognizant steps up its hiring process; expects to bring in more new hires in Q1 2021 than ever before

There are reports that the company has set up a USD 30-million “retention fund” to hold back top performers and digitally-skilled employees.

02/24/2021

Fronted becomes second fintech to launch on Yobota’s core banking platform

Fronted is aiming to help renters afford deposits when signing new tenancy agreements, with many UK adults lacking savings to front-up potentially thousands of pounds when moving rental property.

02/24/2021

South African bank challenger Tyme to launch in Asia

Lender launched by billionaire Patrice Motsepe will set up in the Philippines as part of deal

02/24/2021

European banks seek technical partners to help build rival to Visa and Mastercard

The European Payments Initiative, a bank-backed joint venture that aims to build a rival to Mastercard and Visa, has put out a Request for Information for 'qualified technical partners' to help build its central infrastructure.

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