04/06/2018
A Saudi Silicon Valley? No easy feat, experts say
In a country where dissenting social media users are jailed and bloggers are flogged, creating Silicon Valley-like environment may be difficult
Innovation & Startups
04/06/2018
Robo-adviser Wealthsimple launches savings account with premium rate
Robo-adviser Wealthsimple is hoping to lure clients away from traditional financial institutions by launching a savings account with a premium interest rate
04/05/2018
Banking, FinTech professionals unveil Open Banking Nigeria initiative
The Open Banking Nigeria initiative is being driven by a group of banking and FinTech experts who are committed to the expansion of innovation within the Nigerian financial space.
04/03/2018
Sasfin rolls out SA’s first dedicated SME banking platform
Banking group aims to meet needs of SMEs ‘neglected’ by larger competitors.
03/30/2018
Japan's Nomura invests in fintech firm in push for younger clients
The fintech firm and Nomura Asset Management are developing an app that would offer the Nomura subsidiary’s index funds, the statement added.
03/28/2018
Japan pushes fintech innovation with Singapore collaboration
This is a major step for Japan, as its stringent laws have long been a hindrance towards the country’s development and innovation, mainly caused by its lack of flexibility in allowing financial institutions to engage with fintech startups.
03/28/2018
Swiss ICO market ‘is not a Wild West
Last year, such firms raked in an estimated CHF850 million in Switzerland using a novel form of capital raising known as “initial coin offering”
03/28/2018
UBank debuts Watson-based ‘RoboBrain’ for customer service staff
Virtual assistant allows staff to respond to customer enquires quicker
03/27/2018
BBH ships risk management tool for asset managers
Asset managers increasingly require daily administrator oversight as they face the challenge of managing complex data sets amid more stringent regulations.
03/27/2018
Banco BNI Europa launches online account opening system through videoconference
The process is simple, fast and intuitive, without the usual bureaucracies associated with account opening.
03/26/2018
Schroders launches global in-residence programme for tech start-ups
Schroders is specifically targeting tech companies which have progressed beyond the conceptual or early-growth stage that offer solutions relevant to investment management.
03/26/2018
ADIB wins four awards at IFN Awards 2018
Best Islamic Private Bank, Syndicated Deal of the year, UAE Deal of the Year, and Musharkah Deal of the Year.
03/22/2018
JPMorgan Chase International chairman backs new non-anonymous digital currency
A new foundation bidding to build a non-anonymous, reserve-backed digital currency has added the chairman of JPMorgan Chase International and a Nobel Laureate to its advisory council.
03/21/2018
Robo-advisors, the new wave in FinTech - SGG Group
As the financial landscape continues to evolve in the light of the digital revolution, there is no doubt that robo-advice is here to stay.
03/21/2018
AlphaCore Capital launches new factorE wealthtech tool
AlphaCore Capital, a La Jolla-based wealth management firm, has launched factorE, a wealthtech tool powered by machine learning, designed to uncover the risks and exposures of multi-asset portfolios through visual simulations on a single interface.
03/20/2018
Finantix acquires Asian fintech start-up smartfolios
Finantix provides end-to-end digital wealth advisory services and hybrid robo-advisory solutions to wealth managers, top tier private banks and insurers in more than 40 markets.
03/20/2018
RBS works up plans for standalone digital bank
How RBS might brand and position any digital bank is unclear.
03/20/2018
Temenos reinforces presence in Belgium through partnership with Mainsys
Regulations, changing customer behaviors and the arrival of new fintech competitors are forcing banks to reinvent their business models.
03/20/2018
BNP Paribas leads $30 million round in AI firm Digital Reasoning
Founded in 2000, the firm moved into financial market in 2012, with clients including UBS and Point72 Asset Management, who use the company's Synthesys technology to scan internal e-mails in search of unfamiliar patterns between employees.
03/16/2018
Japan's megabanks all-in on automation to save labor, cut costs
MUFG's Bank of Tokyo-Mitsubishi UFJ introduced RPA systems starting in 2014.