Middle and Back Office Solutions Insights
17th October 2018
The world’s biggest banks and corporations still rely on archaic data sources which haven't improved in decades, according to Hamza Khan, founder of alternative data provider Suburbia.
"Data is expensive, it's slow, it's often out of date before it's even released. We think we can do better with alternative... read more
16th October 2018
All large, multinational companies need to have a good cash and liquidity forecasting process. However, cash forecasting can be an extremely challenging task.
Companies of all sizes struggle with accounting for unpredictable cashflows and unexpected expenditures in their forecasts (we address these concerns in this article on the power of clean... read more
12th October 2018
Blockchain, or Distributed Ledger Technology (DLT), is one of the most hyped new branches of digital tech in recent history. Invented as the underlying framework to power Bitcoin, it is now being applied in some way to every industry, including capital markets.
The potential applications of blockchain/DLT technology vary across sectors but have... read more
11th October 2018
Since Adobe acquired the commerce platform, Magento has moved further into the e-commerce market with its newly announced payment and risk management solution.
“We were looking for a partner within e-commerce,” said Shantanu Narayen, CEO of Adobe on centre stage at MagentoLive. “We didn't appreciate quite how much... read more
9th October 2018
Starling has acquired 10,000 business customers and 210,000 current account customers to date, with the TSB crisis reportedly bringing in eight times the number of switches to the digital only bank.
That’s in an industry where stickiness and customer profitability is key and where it has never been easier for customers to switch banking... read more
1st October 2018
Paper-driven accounts payable (AP) processes are still with us, even though the date on the calendar says we’re approaching the third decade of the 21st century.
That’s a problem because having such a central business process clogged up with paper has a negative impact. After all, in a paper world, an invoice can sit in an inbox for... read more
28th September 2018
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
26th September 2018
Simpler navigation, enhanced user face, and ability to send feedback directly through the app are some of the latest improvements to the CashPro Mobile user experience being offered by the Bank of America Merrill Lynch (Baml).
“The statistics behind mobile adoption are compelling. We understand that clients like the convenience and... read more
25th September 2018
They say imitation is the sincerest form of flattery. If that’s the case, there should be an outpouring of adulation from banks to GAFA (Google, Amazon, Facebook, Apple) and BAT (Baidu, Alibaba, Tencent).
Big tech companies have mastered the art of openness. They have weaponised it and are now reaping the rewards. In the era of Open... read more
25th September 2018
Chatbots have been around for more than half a century, and they’re often dismissed as little more than a source of empty small talk for bored social media users. Yet over the course of the last few years, fintechs have turned that perception on its head by transforming traditional social media chatbots into dynamic and secure payment... read more