Middle and Back Office Solutions Insights
4th July 2018
The growing demand for corporate value-added services, rising customer expectations, and a dynamic global regulatory landscape coupled with structural changes in the financial industry and the increase of multiple payments-enabling technologies are contributing to the demand for the emergence of a new payment universe. To master the growing... read more
3rd July 2018
While the 'Uber for X' pitch has become something of a cliché in the tech world, it hasn't stopped the gig economy—a broad term for the online freelance workforce that has grown significantly over recent years—from continuing to make its mark on our modern world. Some of these changes are monolithic; Uber’s deep... read more
2nd July 2018
Earlier this month Currencies Direct announced the “resounding success” of using xRapid (commonly known as XRP) to make near immediate payments, serving as a proof of concept that spells greater collaboration between the international money transfer company and Ripple, as Ripple expands its use case to navigating the FX market.
It... read more
29th June 2018
Open Banking is now here in the UK, although not yet completely supported by all high-street banks.
As new companies and services are created, we will soon be able to do ever more with our bank details, from account aggregation apps to creating new kinds of payment rules. Not only does this mean a change in what can be done directly from our... read more
29th June 2018
With more than 75% of larger global banks retracting their correspondent banking relationship in the international markets, regional banks are frequently turning to the new utility model as well as emerging fintech to keep delivering the international services to their clients that they’ve come to expect.
“As the retreat continues,... read more
28th June 2018
As Trump threatens a trade war with Beijing, companies around the world are all the more concerned with how they get money in and out of China.
“There’s that joke that Americans owe the Chinese lots of money,” says Raymond Qu, CEO of Chinese cross border payments company Geoswift, “but I like to combine that with the... read more
25th June 2018
Blockchain isn’t a disruptive technology, but a foundational one. Innovative technologies will be built upon it, just as bitcoin, the first cryptocurrency was. With blockchain we could build better supply chains, create better health care systems, and make more efficient payment systems.
Blockchain is changing how some businesses do their... read more
20th June 2018
With new regulatory frameworks, such as Mifid II, GDPR, designed to safeguard operational integrity, customers’ suitability and data, firms need to revisit their strategies. In this context, a top priority for wealth management firms is to comply with the latest regulation, while providing quality of service to clients. This adds a number of... read more
18th June 2018
In pursuit of reducing financial friction, banks and complementary service providers have begun to collaborate amongst themselves, as well as with external technology companies, on a global scale, to offer a seamless customer journey. In some cases, it is the external technology companies themselves who diversify, seeking new opportunities by... read more
18th June 2018
PSPs and financial institutions often have needs that are unique to their business. These needs that go unaddressed can turn into pain-points, and revenue reduction. It is extremely important for payment platform providers to provide flexibility, and to have the adaptation capabilities required to determine and customize creative solutions. The... read more