CaixaBank and ‘Plug and Play’ Platform Collaborate to Boost Innovation in Fintech Services
The Webwire website reported that CaixaBank and Plug and Play will work together with start-ups to resolve real business challenges. Plug and Play has much experience in strengthening collaborations between start-ups and large companies. Since its creation in 2009, it has worked to create a major open innovation platform, where 400 corporations and
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WeBank: Banks Must Open Capabilities to Market
The Finews.asia website reported that WeBank vice-president Henry Ma cited open innovation as the key to attracting more opportunities, saying that the success of tech giants like Google and IBM, which have opened up their technology stack and are going open source. WeBank is doing the same by opening
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The Digital Personality of Financial Services
The BW Business World website noted that when a leading financial institution creates a core platform and opens it up for innovation by all or many, it tends to be driven by a strategic vision of that market leader and a willingness to accelerating innovation through open collaborations. This enables
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Barclays Partners With Simudyne
The PaymentWeek website reported that banking giant Barclays has signed an enterprise-wide license agreement with simulation company Simudyne to explore new ways to manage risk in a simulated virtual environment, leading to smarter business decisions. This is the latest in a series of partnerships that
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New York City Fuels FinTech Innovation
The Baseline website reported that an open innovation framework established by the Partnership for New York City, Accenture and financial institutions spurs tech advances and economic gains. For most business and IT executives, today’s furious rate of technology change represents both opportunities
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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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