Plug and Play Collaborates with Finastra to Expand Platform for Open Innovation
The PRNewswire website reported that Plug and Play has announced a collaboration with Finastra, one of the world’s largest global financial technology providers, to help expand its FusionFabric.cloud platform for open innovation. Plug and Play will support Finastra with the ultimate goal of bringing more fintechs to the platform to bring the latest
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BBVA: Technological Highlights from 2019 and a Look at the Year ahead
The BBVA website posted the views of BBVA, a global financial group, on the breakthroughs that happened during 2019, and the ones they see in the technological banking landscape in 2020. The biggest development in 2019 has been focused on making a real impact on the business and in the key BBVA projects,
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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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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 Innovation in Financial Services
The IT Business Net website reported that the Symphony Software Foundation, a nonprofit organization promoting open innovation in financial services, announces its launch as the Fintech Open Source Foundation (FINOS). The FINOS brand reflects the Foundation’s expanded mission of providing an independent
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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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The New Bank Innovation Platform
A blog on the Huffington Post website noted that market research alone by financial institutions will not provide a real or whole picture of what their customers need and want. A better approach for financial institutions to find innovation and inspirations is the use of crowdsourcing and open innovation.
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Open Innovation: Key Competitive Factor for Banks
The Crowdsourcing.org website reports that the potential that open innovation yields for banks has been captured in a new study released by GFT, a leading international IT solutions providers to the financial sector. It’s increasingly important for financial institutions to differentiate themselves
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