InnovationRSS

Worldpay marks the PoC for VR payments

worldpay

Researchers at Worldpay are investigating how shoppers can pay using a credit or debit card while remaining within a virtual environment. As part of its real ambitions, the payments firm has created a proof of concept (PoC), with the aim to provide the “same levels of convenience, and security” that shoppers have in-store and online, […]

Cognitive computing is not cognitive at all

Roger Schank

IBM are not doing “cognitive computing” no matter how many times they say they are.

Dubai regulator unveils fintech innovation licence to thrill

uae 1

The Dubai Financial Services Authority (DFSA) will allow firms to apply for a financial services licence as it seeks to boost innovation in the region. As reported in March, DFSA issued a new consultation paper and proposed its licence plans. The licence, known as an Innovation Testing Licence (ITL), will allow qualifying firms to develop […]

Travelex kills off Supercard

Sad face

Supercard, a new card and mobile product launched by Travelex and Wirecard last June, is now being sunsetted.

Blockchain and Bitcoin round-up: 24 May 2017

No Bitcoin traded here

Cut to the chase with this brief blockchain and Bitcoin round-up. Features Waves Platform, Everex and Bitcoin’s price surge. Moscow-based Waves has launched its Euro gateway, which will allow users of the platform to deposit and withdraw Euros directly from within the lite client, holding and trading them directly from their Waves accounts as WEUR […]

BBVA launches open banking business

BBVA

BBVA has unveiled its open banking programme and is making eight of its APIs commercially available for the first time. The launch of BBVA API Market comes after the Spanish bank says it spent more than a year working with developers and businesses to prepare the way the open API service would be delivered. With […]

IFC and Singapore regulator are AFIN it large for Asian innovation

Monetary Authority of Singapore

International Finance Corporation (IFC) and the Monetary Authority of Singapore (MAS) are working together to establish and develop their ASEAN Financial Innovation Network (AFIN). IFC, a member of the World Bank Group, and MAS have signed a memorandum of co-operation. Through AFIN, they plan to establish a regional network to help financial institutions, fintech firms […]

R3 hits jackpot with $107m investment for DLT

R3 logo

Blockchain consortium R3 has completed the first two of three tranches in its Series A fundraising round, securing $107 million in the “world’s largest distributed ledger technology (DLT) investment to date”. The consortia contest is heating up as this handy cash injection follows on from yesterday’s (22 May) announcement from the Enterprise Ethereum Alliance (EEA) […]

Games without frontiers via TransferWise borderless account

TransferWise

TransferWise has unveiled its “Borderless” account with the promise that it works like a local bank account in different countries. The account is its plan to replace “old-fashioned” money transfers. TransferWise says local bank details in the UK, Eurozone and US are available, and other unspecified countries are on the way at some point in […]

Google’s wider search for payments

Google goes IoT

Google has a new plan to become a bigger player in payments. The search engine and web marketing giant says it’s enabling merchants and developers to “turbocharge checkout conversion” by making it easier for consumers to use the credit cards and debit cards stored with Google. Banking Technology‘s sister publication Paybefore reports that the change […]

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