JP Morgan Chase has finally bid farewell to the R3 blockchain consortium as it pursues its own interests. As Banking Technology reported in November, JP Morgan was understood to be in the “leave” camp as it opted out of a fundraising effort for R3. R3 had initially planned to raise $200 million from its members […]
Peruvian mobile wallet BIM, described as “the world’s first fully-interoperable national mobile money platform”, will launch new services in H2 2017. It will enable customers to pay electricity, water and telephone bills, as well as have access to micro savings and loans, and micro-insurance.
Temenos is looking to conquer the core banking software markets of China and Japan.
To the outside observer the insurance industry may look very conservative with dominant global companies and local players operating in the way they have done for years and with very little interaction with their customers. But this is changing.
Here’s something brief to avoid wasting precious minutes on pernicious waffle. A blockchain and Bitcoin round-up, featuring Populous, Humaniq, BOScoin and the Winklevoss twins. In the UK, blockchain invoice and trade finance platform Populous will launch its initial coin offering (ICO) on 16 July. It is an Ethereum-based platform and uses smart contracts, XBRL data […]
Societe Generale Securities Services (SGSS) is contributing to a new model, Euronext Fund Service, to help investments in funds for domestic and international investors. Launched by Euronext and available from 15 May 2017, this new service will enable institutional and retail investors to place subscription/redemption orders, in a “simplified and automated manner”, through their brokers […]
Accenture and the German Research Centre for Artificial Intelligence (DFKI) have formed an alliance to make the most out of artificial intelligence (AI) technologies. Accenture Analytics, part of Accenture Digital, will work with DFKI (Deutsches Forschungszentrum für Künstliche Intelligenz). Accenture will get access to DFKI research results, AI tools, and its “Living Labs”. Prof. Dr. […]
As banking continues to go digital, online innovators and niche players in North America are getting personal by adding social activities to their customer services.
Asian investment bank Nomura plans to tap into India’s lively fintech scene with the launch of its “Voyager – Nomura Fintech Partnership” – including a new JPY 10 billion ($91.7 million) fund to provide support to start-ups. Nomura is inviting entrepreneurs to participate in the programme to build solutions for capital markets and investment banking […]
Nasdaq has unveiled its venture investment programme, Nasdaq Ventures, as it seeks out new fintech firms to work with in the global capital markets. Adena Friedman, president and CEO, Nasdaq, says it plans to “accelerate the pace of innovation”. The minority stake investments made by Nasdaq Ventures are expected to range from less than $1 […]