Retail Banking Systems Insights
11th October 2017
One of the many conveniences of banking today is that it’s largely self-service. Customers manage a growing number of transactions at an ATM, use their phones to check balances, pay bills, move money and organise their finances, all without having to go into a branch or interact with a customer service agent. Many customers are more than... read more
6th October 2017
At our consultancy, we are seeing more and more big clients looking at using distributed ledger technologies to change and eventually substitute existing business processes with enhanced alternatives, and it clearly shows that the market for distributed ledger technologies grows over time exponentially. Nonetheless, I ought to say that blockchain... read more
5th October 2017
The financial services sector is one of the most highly regulated industries in the world. Banks, hedge funds, payment services and a wide range of supporting businesses are subject to myriad regulations and legislation, which can differ depending on the territory they are operating in. Adhering to this extensive and complex set of regulations is... read more
5th October 2017
Today, more data is generated in a 24-hour period than ever before - with 2.5 quintillion bytes of data created daily across the globe (IBM, 2017). And with 90% of the worlds’ data having been created in the last two years alone (IBM, 2017), it is clear to see that data will only continue to grow.
In this data economy, all kinds of... read more
29th September 2017
What is the Internet of Things (IoT)?
First coined by Kevin Ashton of Procter & Gamble in a 1999 article describing how RFID tags might make industrial production more efficient, IoT has come to mean a great deal more than it was originally intended. Having said that, the core principles remain the same.
The definition of IoT is... read more
26th September 2017
The drive for greater financial inclusion and improvement in user experience surrounding credit facilities, coupled with the ever-changing regulatory landscape, is spearheading evolution in the assessment of consumer lending affordability.
Affordability assessments are no longer fit for purpose when they are rigid and without nuance, or involve... read more
18th September 2017
Nadeem Syed, CEO at Finastra spoke exclusively to bobsguide about the Misys merger with D+H, to form one of the globe’s largest fintech companies by revenue size.
How long ago did the idea start to formulate to merge D+H and Misys?
The germination of the idea began from the realisation that Misys and D+H were two businesses... read more
13th September 2017
In the early 1990's, the increasing popularity of automated teller machines (ATM's) revolutionised banking, lowering the number of tellers required for each branch and allowing thousands of new branches to be opened as a result.
Now, the banking industry is on the cusp of another technological revolution: big data and artificial... read more
12th September 2017
Concern is rising among the UK’s challenger banks in light of an increasingly crowded market which, coupled with a sizeable squeeze on revenue margins, is inhibiting the desired move into the retail banking sector.
With recent data from the Bank of England highlighting consumer credit at a rate which is close to the peak of the financial... read more
12th September 2017
There has been a lot of talk about the high rates of digital transformation failures and a lot of praise to companies that have built their business case entirely on digital networks, such as Deliveroo, Uber, Argos and Amazon just to name a few. The key differentiator is that most of these companies began as digital businesses to begin with. So,... read more