Innovation


Teradata Partners Conference 2017: architecture and morality in AI

The question of the morality of artificial intelligence (AI) was one of the hot topics discussed at an event run by US-based Teradata. At day four (25 October) of the Teradata Partners Conference 2017 (22-26 October), in Anaheim, California, Banking Technology pulled up a chair and listened to the thoughts of the great and their livelihoods. To get […]

Case study: the technology behind P2P

The UK peer-to-peer (P2P) lending market has flourished in the last decade. Lending volumes among the major platforms are increasing rapidly, pushing the cumulative total above £7 billion for the first time, as the understanding of the investment model continues to grow.

Teradata Partners Conference 2017: not vexed on the edge of next

On the brink of tomorrow, US-based Teradata believes it’s in the right place to get ready for the future with its new range of data products and artificial intelligence (AI) inspired vision. At day two (23 October) of the Teradata Partners Conference 2017 (22-26 October), in Anaheim, California, attended by Banking Technology; the firm showed […]

IBM and Zelle team up to advance P2P payments

IBM says it has launched an “industry first” solution to support the full lifecycle of peer-to-peer (P2P) transactions, from the back office of financial institutions to the mobile device.

ITF to become “the world’s first fintech bank”

A new bank, Into the Future (ITF), is gearing up for launch in Hong Kong and Singapore. Among its investors is Jim Rogers, an American businessman based in Singapore and the co-founder of the Quantum Group of Funds (which he started with George Soros).

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.

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.

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!

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.

Sibos 2017: NPP a marathon, not a sprint

Payments industry participants in countries about to embark on, or in the early days of, real-time and instant payments infrastructure projects should acknowledge that “it doesn’t all have to happen on day one”.

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?

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 […]

Instant payments in Europe: a recipe for success

There is intense interest in instant payments (IP) throughout Europe. Domestic schemes are already live in the UK, Denmark, Poland and Sweden. The success of these schemes shows what’s possible but also teaches many lessons.

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 […]