A modest-sized Boston bank is starting to incubate fintech startups. Eastern Bank, a $10 billion bank, is about to launch its first separate company, which was incubated and developed within the bank itself, Bank Innovation has learned. In early 2014, Eastern Bank, a mutual bank based in Boston, hired entrepreneur DanRead More
Post Tagged with: "innovation lab"
Commonwealth Bank of Australia (CBA), one of Australia’s “Big Four” banks, has launched a number of innovation initiatives in the last several years, from the small — a smartwatch app — to the massive — modernizing its core software. The company also built a 7,500-square foot innovation lab beneath its SydneyRead More
Intuit‘s bid to boost its small-business payments appears to be stumbling. At the same time, however, Intuit’s experimental labs unit has resurfaced, and with great vigor. First, to payments. In Intuit’s earnings announcement Tuesday, the company’s president, Brad Smith, said that payments are in flux at the financial software company:Read More
Seven financial startups have been selected to take part in a startup accelerator project led by the technology and consulting firm Accenture. For the next 12 weeks, the startups will be housed at a Canary Wharf “accelerator” facility known as Level 39 (more on the amenities at Level 39 below) asRead More