4 Successful Years for the BNP Paribas Acceleration Programs at Station F
The WebWire website reported that BNP Paribas, a large French international banking group, is a major player in the startup ecosystem. It is an active and constant sponsor of FinTechs and Insurtechs worldwide. In its Open Innovation dynamic, it has forged partnerships with various acceleration programs around the world. Since 2017, the Group has been
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Sandbox Initiative: Central Bank of Brazil
The Central Banking website reported that Lift is unlike other regulatory sandboxes in that it does not waive regulatory rules. Lift also differs in the types of firms it targets. At Lift, the submissions are all at an early stage and the purpose is to help participants reach a prototype stage through
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Banking on Fintech Collaboration and Partnership
The IT-Online site noted that if banks are to modernize their business models to better serve their customers and meet their high expectations for convenience and value – their operating models must change. It is not only banks’ operating models that are not adequately suited to modern demands. The
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Bank Leumi on Creatively Solving Problems in a New Way
The Jerusalem Post quoted a spokesperson for Bank Leumi who noted that “innovation is a very broad area; innovation in the financial industry stems from both ‘internal innovation’ and ‘open innovation.’ Internal innovation involves changing the banking culture from within and empowering
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Aussie Fintech Wins Barclays’ Global Open Innovation Challenge
The PR Newswire website reported that Aussie trade financing deep technology startup, Trade Ledger finished ahead of nine other VC-backed companies from across the world to be named the winner of the Barclays UK Ventures Open Innovation Challenge. “Within Barclays UK Ventures, we’re
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Open Banking: Evolve Or Be Left Behind
The World Finance website noted that open innovation ascertains that companies need to become less insular and look beyond their own house to cultivate new innovations that will grow their business and enhance their services for end-users. Henry Chesbrough’s philosophy is based on the central idea
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Open Innovation: a Key Driver of Societe Generale
Societe Generale‘s website reported on the bank’s outlook: “The digital era is changing how the Bank innovates: from ‘product’-oriented innovation to a relationship-focused innovation based on the customer experience, from inward innovation to open innovation in order
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Open Banking Bandwagon
The RTN.Asia website reported that Wipro Limited has launched offerings that use the Open Banking API technological platform. Open Banking platform is a Europe-based standard that lets third party developers build applications and services that tap into a bank’s core services and infrastructure. “Open
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Financial Services Firms Need to Collaborate
The Business Times website reported that S. Iswaran, Minister for Trade and Industry in Singapore, spoke to a financial services conference about the growing importance of open innovation. Explaining why this model of innovation has begun to take hold, he said: “Innovation is inherently risky,
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RBS Creates ‘Open Experience’
The Finextra website reported that the Royal Bank of Scotland has opened a new ‘Open Experience Center’ at its Edinburgh HQ building. “Open Experience is a place where we will work differently.” said RBS head Simon Mcnamara. “It will be our center for open innovation, a
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