Middle and Back Office Solutions Insights

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A first look at the GIPS Standards 2020: What you need to know?

20th September 2018

Company: StatPro Group
Heavy regulation in an industry is usually synonymous with a large body of standards expected of its participants. Aviation, for instance, is loaded with rules and regulations on everything from cabin lighting to the number of flight hours permitted between engine overhauls. Partly as a response, virtually every facet of the industry –... read more
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From the ground up: Building a compliance analytics program

20th September 2018

In the fight against financial crimes, today’s organizations must focus on building compliance programs that are increasingly driven by analytics. While PwC’s Global Economic Crime and Fraud Survey 2018 indicates that 42 percent of companies have increased their spending over the past two years to combat financial crime (an increase of... read more
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New Broadridge CEO: We can help banks create better than any of them could create for themselves

13th September 2018

Company: bobsguide
This week the board of directors at Broadridge announced that Tim Gokey, current president and chief operating officer, will become the company's new chief executive, and Rich Daly, current chief executive, will take on the role of executive chairman of the board. Les Brun, independent chairman of the board becomes lead independent director.... read more
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Account reconciliation software: making the right choice

13th September 2018

Company: bobsguide
Account reconciliation is the act of cross referencing a company’s financial records with those of an external source such as a bank or other financial institution to make sure that they match up. On the surface, this doesn’t seem like a particularly arduous or even important process, but it is one of the key pillars of any good... read more
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MiFID II Transaction Reporting: where are we now?

10th September 2018

Company: AutoRek
It has been more than six months since the go-live of MiFID II and for most executing firms transaction reporting has become part and parcel of their operational workflows. For those working on transaction reporting, 2018 will have been a mixture of successes and frustrations. In the first half of this year the market data processor (MDP) has... read more
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Banking report: industry embraces AI

5th September 2018

Company: bobsguide
Across financial services artificial intelligence (AI) is no longer the stuff of the future. It has been embraced by banks supported by third party fintechs, providers, and technology departments within banks keen to use their own resources to drive their use of the robotic process automation (RPA) and machine learning (ML). And while some... read more
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Amazon Pay quickens rate of expansion in India

31st August 2018

Company: bobsguide
Amazon has been sitting pretty as the undisputed global king of ecommerce for more than two decades, and the multinational’s bold move into the payments sector has been relatively smooth. Since its quiet launch in 2014, the Amazon Pay mobile wallet has established itself as a strong and reliable competitor in the mobile payments space. ... read more
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Big banks at increasing risk of automated attacks

24th August 2018

The Bank of England Systemic Risk Survey for H1 2018 found that 62% of industry respondents cited cyberattacks as the greatest risk posed to the UK’s financial stability. Political risk (91%) and specifically Brexit (80%) came out on top. But while cyberattacks are firmly embedded in the hearts and minds of CIOs and CISOs, IT departments... read more
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Banking on tech alone not enough for digital challengers

22nd August 2018

Major banks have long held all the cards, operating in closed environments and keeping their customer data under lock and key – but no more. In the new opening banking landscape, banks must establish open application programming interfaces (APIs) to enable third parties to access customer account information for gathering data or the... read more
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US OCC fintech charter to change banking landscape

15th August 2018

Company: bobsguide
The new ruling that will see the US Office of the Comptroller of the Currency (OCC) begin accepting national charter applications from fintech firms – essentially granting tech-first companies bank-like status – could see agile, progressive entities enter the market. “The OCC has truly opened a window for all those fintech... read more