Insights

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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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Leveraging graph analytics to combat money laundering

31st August 2018

For banks and financial institutions across the world, cracking down on money laundering has never been more critical. Today global money laundering transactions comprise an estimated two to five percent of the global GDP - roughly $1 - 2 trn annually, according to PwC. The costs of non-compliance are high. US Bancorp was fined $613m in February... read more
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Chief scientist applies forensic skills to TSB meltdown

30th August 2018

Company: bobsguide
In April 2018, the UK's TSB bank left up to 1.9m customers unable to access accounts, due to a botched system migration that was rushed, inadequately tested with poor internal communication. TSB, previously part of the Lloyds Banking Group was bought in 2015 by Sabadell Bank and was due to migrate to Sabadell's in-house system, Proteo,... read more
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Case study: Nasdaq's troubleshooting to transformation

30th August 2018

Company: NASDAQ OMX
Imagine taking a broker from 1869, stuffing them into a time machine and winding the clock forward by 100 years. Stepping out onto the exchange, they would be looking out on a familiar sight. The method for taking buy and sell orders and physically trading stock would be pretty much the same. Move forward a couple more years to 1971 however and... read more
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"Gross negligence" accusations rife in bank transfers

29th August 2018

Company: bobsguide
The UK's Financial Ombudsman Service (FOS) has released a statement addressing fairness in scam complaints made against banks. Caroline Wayman, Chief Ombudsman wrote that banks often blame their customers of "gross negligence" despite "gross negligence" being more than just customer carelessness and incorrect account... read more
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No place for lookalike sites as insurtech drives market

29th August 2018

Company: bobsguide
The fragmentation of traditional insurance markets and concerns around the profitability of underwriting has led insurance providers and online comparison sites to look more to insurtech propositions. Over recent years, firms that have attempted to replicate the success of insurance comparison sites without providing enough differentiation have... read more
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“We are not a bank”: the lessons new banks take from tech giants

29th August 2018

Company: bobsguide
Techfin might be a more appropriate name for the rise of challengers in the UK’s financial services. “This isn’t banking as you know it” immediately greets the eye on Monzo’s website. Elsewhere, bud, the aggregator app, went so far as to claim not to be a fintech at all: “We're not a bank. We are a tech... read more
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Quantum computing “ideal for portfolio optimisation”

28th August 2018

Company: bobsguide
Although the technology is in its infancy, financial services are now experimenting with use cases for quantum computers. While the systems are expensive, few and far between, and much of the technology is still at experimental phase, organisations in financial markets are finding ways of getting ahead of the competition. “A lot of... read more
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PayU's CCO on Ripple and the tech giants | Fintalk Podcast

28th August 2018

Company: bobsguide
In this episode of the Fintalk podcast, PaymentEye and bobsguide reporter Dave Beach sits down with Matthias Setzer, CCO of cross-border paytech, PayU. "I'm surprised to see the level of sophistication in some emerging markets today," says Setzer, before embarking on a journey around the world's emerging payments markets,... 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