Today Fidor Group has been recognised for its innovative and differentiating customer experience, as one of the pioneers in the use of open APIs in banking.

SugarCRM Inc., the company that helps organisations build better business relationships, today announced new features for its entire cloud and product portfolio that will enable financial businesses to implement best practices for data privacy. 

Quovo, a data platform providing connectivity to consumer financial accounts, today announced its expansion into the Canadian market. 

Coinme, a financial services and blockchain technology company, announced its latest deployment of eight new crypto ATMs in the state of California, bringing its total locations in the state to 23 ATMs. 

InvestCloud Inc., a global FinTech firm, has announced Silicon Beach-based NameDrop Solutions, Inc., as the latest tech firm to enter its Los Angeles Innovation Center. The startup is using the space to bring its data sharing platform to market.

NameDrop is founded by Stephen Van de Wetering – who is also the founder of investment operations outsourcing firm Empaxis Data Management. NameDrop is a mobile app that allows people to share information with other people and businesses through an easy, fast and completely secure data-sharing platform.

As part of a global alliance, Open Banking Nigeria has entered a strategic partnership with Open Vector to jointly develop the Open Banking Nigeria API standards and for Open Vector to assist in shaping and delivering this initiative. 

Citi announces the rollout of key enhancements to Citi Velocity Clarity, its award-winning data and analytics platform which utilizes big data and private cloud technology, delivered through an integrated suite of advanced online capabilities. 

Nubi, a company linked to Banco Comafi, has selected Mambu to provide digital services including online processing of surcharges and payments.

Nubi currently offers businesses and consumers prepaid services for international purchases.  It also allows Argentine SMEs and entrepreneurs who sell services and products abroad to withdraw international payments, and deposit them in their local bank account, both in pesos and dollars.

Similar to the largest US institutions, European banks have a strong interest in exploring the impact of AI on business functions. The US market, however, seems to be far more active in areas beyond virtual assistants and chatbots, while European banks are heavily focused on customer-facing interfaces. In fact, a study of 34 major banks across several geographies (US, EU, Singapore, Africa, Australia, India) found that 27 out of these 34 banks have implemented AI in their front-office functions in form of a chatbot, virtual assistant, and digital advisor.

IdeaCarrot is excited to announce the launch of its new Award-based Crowdsourcing and Open Innovation platform. The company works to connect innovative companies with Creative Crowd, Customers and Employees to generate ideas, exchange insights and work on brainstorming new and innovative products. Providing a platform for Co-creation that is Rewarding and Data-Driven, IdeaCarrot is taking open innovation to new levels.