Infrastructure Insights

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Challenger Monzo makes changes in “hostile banking market”

5th October 2018

Company: bobsguide
The challenger banks do not only have to stick to the old adage of hitting the ground running - they need to sprint. With incumbents increasingly pouring resources into innovation programmes, the challenger banks are in a race against time to offer their unique capabilities before others replicate them. The ’small 4’ retail banking... read more
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BofE & FCA call for urgent report of FI cyber risk

4th October 2018

Company: bobsguide
British banks, clearing houses, and payments systems have been asked by the UK’s Bank of England (BoE) and Financial Conduct Authority (FCA) to complete reports on their exposure to, and plans to manage, IT outages and cyberattacks by October 5. “We are seeing an unprecedented amount of change from financial institutions who need to... read more
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How to design a cash flow forecasting model

4th October 2018

Company: CashAnalytics
One of the first steps in setting up a new cash flow forecasting process is designing a forecasting model. If the forecasting model is well-designed from the outset it can drastically improve the quality of reporting outputs, thereby helping to achieve overall business objectives. However, it must be noted that there is not a universal solution.... read more
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Enterprise cloud strategy: When it’s time to move from on demand to dedicated cloud 

3rd October 2018

On demand clouds have created new business models and changed companies' IT strategies. For many applications and workloads there are alternatives which better suit the individual "use cases".   Every few months, a study is published that examines to what extent the cloud will change enterprise IT in the... read more
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Banking services “unbundling” in fintech market

2nd October 2018

Company: bobsguide
At the recent Amazon Web Services FS Insight conference, Jonno Southam, venture capital business development manager at AWS led a panel with Jai Juneja, head of tech investment at Seekventures and Kartik Varma, co-managing director at the Barclays Accelerator. The conversation focused on how fintechs are investing, as the panellists identified... read more
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Interview: Inside the mind of a Monzo engineer

2nd October 2018

Company: bobsguide
Monzo prides itself on creating a bank that “lives on your smartphone”. IT is part of it’s DNA. 2018 may infamously serve as a period of IT meltdowns in banking. More and more, the tech function at banks is not only an innovative luxury but increasingly business critical. To understand how the digital-first challenger keeps... read more
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Fintechs scale up to take on incumbents

1st October 2018

Company: bobsguide
The great unbundling of the financial services industry continues in earnest as new market participants enter with increasing frequency. Their stated goal is to solve the problems that incumbent services are either too lethargic to handle or simply unable to provide. But it might be too easy to jump to the battle between big, slow bank... read more
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Crime costs rise as fintechs rely on “old school” security measures

1st October 2018

Company: bobsguide
The cost of fraud to financial services increased by 9.3% over 2017, according to research conducted by LexisNexis Risk Solutions. For every $1 stolen by fraudsters, it costs financial services firms $2.92 in fees compared to $2.67 last year. Further, the level of fraud as a percentage of revenue has moved upwards from 0.95% to 1.53% on average. ... read more
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UK “concerned” about Open Banking

28th September 2018

Company: bobsguide
More than three quarters of the UK are concerned about sharing financial data with organisations other than their bank, according to a recent poll by market research body, YouGov. Of those surveyed, 77% said they were concerned around data sharing, with 45% saying they didn’t understand the benefits of Open Banking, and a large number of... read more
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How to set up a cash forecasting process: a practical guide

28th September 2018

Company: CashAnalytics
Designing and rolling out any new reporting process in a large organization can be challenging. In any multinational company, a new process will inevitably require input from many people across multiple locations. In addition, the number of departments that need to be coordinated (IT, finance, treasury, etc.) can make collaboration difficult. ... read more