Sherpa Foundry and Silicon Valley Bank create Silicon Foundry, corporate innovation platform
Sherpa Foundry and Silicon Valley Bank (SVB) have joined forces to launch Silicon Foundry, a membership-based corporate innovation platform.
Innovation
Clinc teams with Enacomm to bring AI chatbots to small banks and credit unions
Artificial intelligence (AI) fintech start-up Clinc is making its chatbot Finie more widely available through a new partnership with Enacomm.
Ledger partners with Intel to boost blockchain app security
Ledger, a France-based specialist in security solutions for cryptocurrency and blockchain applications, has partnered with Intel to bring greater protection for users of digital wallets.
Speed through the checkout with Pay with Google
Speed through the checkout on your Android device with Pay with Google, the latest payment API from Google.
Diebold Nixdorf IMS Conference 2017: differing digital dreams
Diebold Nixdorf’s IMS 2017 conference continued with Czech Republic based, Air Bank, and its chief marketing and product officer Jakub Petřina, with a presentation and a touch of déjà vu.
MapD partners with IBM Power Systems
Analytics platform MapD has partnered with IBM Power Systems to enhance its analytical performance. California-based MapD has optimised its MapD Core database and MapD Immersive visual analytics client to take advantage of IBM Power Systems to target the speed at which SQL queries can be performed.
Mastercard takes blockchain mainstream with API
Mastercard announced it has tested and validated its blockchain and will be opening access to it via a set of three APIs published on the Mastercard Developers website. The APIs include the blockchain core API, the smart contracts API, and the fast pay network API.
Zighra launches flagship continuous authentication product
User authentication company Zighra has launched SensifyID, which provides continuous authentication and threat detection. SensifyID guards against account takeover, remote malware, social engineering, and bot attacks.
Roostify launches decision builder
Decision Builder, the latest solution from mortgage tech innovator Roostify, will give lenders the ability to provide loan applications with a clear, easy-to-understand view of all the borrower’s loan options – based on the lender’s actual product and pricing system.
EFL merges with Lenddo
Psychometric credit scoring company Entrepreneurial Finance Lab (EFL) has merged with alternative credit score provider Lenddo.
AlphaPoint teams with Intel to launch secure smart contracts solution
One way to make a smart contract even smarter is to enhance document access and security. Digital currency exchange platform AlphaPoint has achieved that with today’s partnership with Intel.
Fintech funding round-up: 19 October 2017
Three of the latest stories in one for a fast fintech funding round-up. Features Paykey, Digital Asset, Santander InnoVentures and ePesos.
Daily News at Sibos 2017 top photos and captions – Day 4
Top pics and captions from Swift’s Sibos 2017 conference in Toronto!
Blockchain: a world of possibilities
Amid the hype around distributed ledger technology and blockchain it can seem they are technologies looking for solutions. In the heavily paper-based business of trade finance, such technology looks promising and progress is being made elsewhere.
Daily News at Sibos 2017 – Day 4
Read our fourth and final Daily News at Sibos edition of the Sibos 2017 conference in Toronto – all the latest news and analysis from Swift’s premier event of the year. Free to read online or pick up a complimentary print copy if you are at Sibos!
Sberbank joins Enterprise Ethereum Alliance to broaden cooperation
Sberbank has become the first Russian bank to join the Enterprise Ethereum Alliance (EEA). The non-commercial alliance was established in February 2017 to transform Ethereum into an enterprise-grade technology.
Sibos 2017: treasurers look to tech to untangle knots
Untangling the “knots” at global treasuries, especially with regard to bank maintenance issues around know your customer (KYC) and other compliance activities, was the theme of a corporate treasury session yesterday (18 October) at Sibos.
SmartContract unveils PoC
SmartContract, which enables computable smart contracts, has unveiled a new a proof of concept (PoC) for making/using smart contracts with Swift.
Sibos 2017: the future of money
What’s more valuable today, data or money? Today’s “The Future of Money” discussion at Sibos had “the new oil” – data – firmly in its sights.
Sibos 2017: embrace the change or get out of the way!
At today’s (18 October) panel discussion at Sibos, user experience (UX) and organisational culture were put to the fore. What does it take to create a simple yet meaningful UX? And what role does an organisational culture play in it?
Sibos 2017: reaping the rewards of instant payments takes work
The key benefits of the instant payment systems being rolled out in Australia and in Europe were discussed during yesterday’s Instant Payments Over Swift session in the Swift Auditorium.
Sberbank and Swift sign memorandum of co-operation for product push
Sberbank and Swift have signed a memorandum of co-operation regarding the development and piloting of products created and promoted by Swift. With fintech hugs sweeping Sibos and the planet, the parties agreed to co-ordinate steps to assess the potential application of blockchain in interbank settlement platforms. In particular, Sberbank joined the international group of financial […]
JP Morgan’s Quorum blockchain powers new correspondent banking network
JP Morgan, and Royal Bank of Canada (RBC) and Australia and New Zealand Banking Group (ANZ), have launched the Interbank Information Network (IIN) – using blockchain for the payments process. According to JP Morgan, processing global payments is very complex. Multiple layers of communication occur amongst payment participants to verify and process transactions. By using […]
Diebold Nixdorf IMS Conference 2017: shaping the future of retail banking
Last week (12 October 2017) was Diebold Nixdorf’s latest seminar at the Okura Hotel in Amsterdam. Accompanied by representatives from ING, Franz Informatik and Forrester. The first conference of the morning focused on shaping the future of banking.
Sibos 2017: web’s future “in the balance”
The cross-border, centralised nature of the world wide web is “absolutely in the balance” right now, warned Sir Tim Berners-Lee, its inventor, yesterday (17 October) at the Sibos conference in Toronto.
Daily News at Sibos 2017 top photos and captions – Day 3
Top pics and captions from Swift’s Sibos 2017 conference in Toronto!
Banking Technology Leadership Awards 2017 shortlist unveiled
Having gone through an unprecedented number of exceptional nominations for our Leadership Awards, we are pleased to announce the shortlisted candidates for Tech Leaders, IT Team of the Year and Woman in Technology.
Open Banking brings increased revenue to those who can collaborate
With new banking reform on the horizon, Amit Dua, president of Suntec Business Solutions, assesses why customers will improve their financial and life circumstances if heritage banks and young fintech firms find a way to combine their strengths.
LA Ledger group calls for more participants
The Liquidity Alliance group of central securities depositories (CSDs) has called for further participants in their distributed ledger technology (DLT)-based LA Ledger prototype for cross-border mobilisation of security collateral.
DTCC assess fintech impact on stability
While financial technology startups and established players vie for attention on the exhibition floor at Sibos, the impact of fintech on financial stability is the subject of a new white paper from The Depository Trust & Clearing Corporation (DTCC).
Sibos 2017: fear the bigtech
As the financial services industry and fintechs work ever closer, where does that leave bigtech?
Pelican unveils “innovation hub” fintech partnership model for banks
Pelican, a provider of artificial intelligence (AI) powered payments and financial crime compliance solutions for banks and corporates, has launched its Pelican Innovation Hub. The hub is not one in the traditional sense – i.e. a place for start-ups to turn up wearing jeans and get all creative. Pelican’s version is a partnership model as […]
IBM and eight banks unleash we.trade platform for blockchain-powered commerce
IBM and eight banks have unveiled we.trade – the new name for their Digital Trade Chain shared platform using distributed ledger technology (DLT) for domestic and cross-border commerce. Since January 2017, a group of seven banks (Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and UniCredit), together with IBM, have been developing the Digital Trade […]
Sibos 2017: APIs – a holistic approach
In today’s (17 October) session at Sibos, API in financial services: the key to the future?, the discussion panel participants were in agreement on the following: if your want your API strategy to work, you’ve got to have a holistic approach to it across the organisation.
Natixis, Société Générale and Broadridge complete blockchain pilot
Broadridge Financial Solutions, Natixis and Société Générale say they have “successfully completed” a pilot project that leverages blockchain technology for bilateral repurchase, or repo, agreements.
Bill & Melinda Gates Foundation to launch underbanked service with Dwolla, Ripple and others
The Bill & Melinda Gates Foundation has launched a new service created with in partnership with Dwolla, along with collaboration with Ripple, Crosslake Technologies, ModusBox, and Software Group.
BNP Paribas and EY explore private blockchain for treasury operations
BNP Paribas ALM Treasury and EY have completed a pilot demonstrating the use of blockchain to improve global internal treasury operations for the bank. The ALM Treasury department, which manages the bank’s internal ops, at the service of all three operating divisions of the group, carried out the pilot, tested internally this summer. According to […]
BIAN unveils API-ready release to boost cloud banking ambitions
The Banking Industry Architecture Network (BIAN), a not-for-profit fintech industry body, has launched its latest release of its service landscape. Termed SL 6.0, the framework is designed to provide a “globally standardised and simplified” banking architecture structure, using a service-based architecture.
Sibos 2017: collaboration vital to avoid dinosaur status
The question of whether – and in what form – banks will survive in the future depends largely on how the forces of changing customer behaviour, technology and regulation will play out on different types of banks.
Securities markets: standing at the crossroads
Financial technology has the potential to radically transform the securities industry. The fast pace of change could lead to disintermediation, according to an Iosco study.
