Bank Innovation
NOVEMBER 19, 2018
The number of financial technology companies is on a rise, and every year many of these new companies as well as established ones choose to situate themselves in cities that are not San Francisco or New York.
PYMNTS
AUGUST 8, 2019
bank Standard Chartered is expanding its network of innovation labs with the launch of an eXellerator lab in Shanghai, reports said this week. 7) that the Shanghai opening adds to Standard Chartered’s existing network of labs, which are open in Singapore, Hong Kong, Kenya, London and San Francisco.
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PYMNTS
NOVEMBER 17, 2020
Open banking lets third-party financial service companies to have access to a consumer’s banking transactions and other financial data from financial institutions (FIs). Revolut said its new open banking offer was developed with TrueLayer , a London-based financial technology (FinTech) company. banking license.
PYMNTS
JULY 22, 2020
Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.”.
PYMNTS
APRIL 16, 2019
Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation.
PYMNTS
APRIL 21, 2020
The new Hong Kong-based SoFi Invest will also offer “automated investing” along with financial advice and education, per a press release announcing the expansion. SoFi CEO Anthony Noto said, in a prepared statement, that “Hong Kong, a financial capital of Asia, is ripe for innovation and a launching pad for further expansion.”
PYMNTS
FEBRUARY 11, 2020
In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported.
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