fintech

Sponsored Article: The state of software testing

Sponsored Article: The state of software testing

To win, serve and retain customers, testing activities are becoming more pivotal as business process quality is deemed more important than time to market. Beginning with the business-driven change request, through to project scoping and on to DevOps adoption, the infrastructure for technical and regression testing must be present and aligned at every phase. Improving »

New rules to enhance Australia’s regulatory sandbox

Under proposed changes to Australian legislation, businesses will be able to test new and innovative financial technology products and services in an “enhanced regulatory sandbox”, the Australian Treasury announced last week. Consultation on the draft legislation is now open, and will remain so until 3 November 2017. Plans for the legislative reforms were announced in »

RBC, Scotiabank get highest rankings on Canada fintech efforts

The two banks scored the highest overall ranking — four checkmarks out of five — with top ratings in areas such as willingness to tackle fintech issues and establishing digital development hubs, according to the report by research firm International Data Corp. Toronto-based Royal Bank also received the highest ratings for acquiring expertise, funding external »

Who Owns Blockchain? Goldman, BofA Amass Patents for Coming Wars

Who Owns Blockchain? Goldman, BofA Amass Patents for Coming Wars

Recently, some of the biggest names in business, from Goldman Sachs to Bank of America and Mastercard, have quietly patented some of the most promising blockchain technologies for themselves. Through mid-November, the number of patents that companies have obtained or said they’ve applied for has roughly doubled since the start of the year, according to law »

With Fintech, Hong Kong-Singapore Rivalry Gets a New Twist

“We are quite impressed by government agencies here,” said Cho, whose Marvelstone Group is developing a mobile payments platform and invests in other fintech firms. Singapore authorities introduced him to tax advantages and connected his firm to potential partners. Many fintech companies are making similar choices, adding a new dimension to the decades-old tussle between »

Fintech Firms Get Chance to Grow Up, as U.S. Offers Charters

Fintech Firms Get Chance to Grow Up, as U.S. Offers Charters

The Office of the Comptroller of the Currency said Friday it plans to start accepting applications from fintech companies for a special charter that would formally subject them to federal banking rules. Companies that become chartered will get the benefits of being an established company in the eyes of the government. But they will also »

Trustly to Double Staff as European Fintech Expansion Gains Pace

The company expects to have 260 employees in two years compared with 130 today, Chief Executive Officer Oscar Berglund said in an interview in Stockholm. Trustly is currently advertising some 15 positions, he said. The hiring boost follows the expansion to 21 new markets in Europe last year, which extended Trustly’s business to all of »

Deutsche Bank Plans to Double ‘Digital Factory’ Staff to 800

The lender is introducing smartphone and web-banking facilities this year and early next year including mobile payments, a financial planner and a “digital marketplace” selling financial products, consumer banking chief Christian Sewing said at the software center in Sossenheim, Frankfurt Thursday. Most of the roles will be new, while some people will move from other positions »

HSBC Said to Seek Fintech Hub in London’s Hipster Neighborhoods

HSBC Said to Seek Fintech Hub in London’s Hipster Neighborhoods

HSBC Holdings Plc is seeking office space in technology-focused London neighborhoods including Shoreditch to bolster its fintech capabilities, according to two people with knowledge of the move. Europe’s largest bank hired real estate broker CBRE Group Inc. to find 50,000 square feet (4,600 square meters) of space, almost the same size as an American football »

FCA gives green light to the cloud

The FCA has published a paper on guidance for cloud outsourcing. The regulator has confirmed that it does not see any fundamental reason why cloud services cannot be implemented, as long as they are given: “Appropriate consideration, in a manner that complies with our rules.” According to the FCA, a lack of oversight over outsourced »