Retail Banking Systems Insights
15th June 2018
RegTech startups setup to help banks and other financial institutions manage risk and meet compliance requirements imposed by stricter regulation in the wake of the financial crisis have thrived since 2010. However, since taking office Donald Trump has made good on his promise to unwind Dodd-Frank rules, reducing the the regulatory burden on... read more
13th June 2018
The global financial crash of 2008 had repercussions which filtered into the daily lives of almost every person bound to the economic cycle. For a select few, the repercussions were positive, for most and to varying degrees, they were decidedly negative.
Amongst those impacted were corporate treasurers, whose job descriptions changed almost... read more
12th June 2018
Donald Trump has struggled to make substantial gains on a wide range of the divisive policies that catapulted him into office in 2016 – but one campaign promise the president’s administration has managed to follow through on is his pledge to reform chunks of the sweeping Dodd Frank Act implemented by his predecessor.
On 24 May,... read more
7th June 2018
Finastra unveiled three core components of its FusionFabric.cloud platform at Money20/20 in Amsterdam.
“FusionFabric.cloud is our most exciting launch in our history,” says Mitesh Soni, senior director of innovation and fintech at Finastra.
Combined, the components accelerate processes for the existing clientbase of 9,000 banks... read more
6th June 2018
In a presentation entitled ‘Banking on the CX factor’, Klarna CEO Sebastian Siemiatkowski spoke to a packed crowd under The Big Top at Money 20/20 EU, Amsterdam, today, taking the opportunity to open fire on the banks.
The audience heard insight from Klarna on customer experience, including the fact that, according to the Happiness... read more
5th June 2018
Founded in 2010, Metro Bank has seen rapid growth in its 8 years of existence, gathering some 1.5m customers.
Young enough to be called a challenger yet using a business model more closely aligned with the high street banks of old, Metro Bank is in limbo between both camps in the great 'Challenger vs. Incumbent' debate.
... read more
5th June 2018
On the sidelines of Money20/20, held in Amsterdam this week, bobsguide caught up with Nick Cook, head of regtech and advanced analytics at the UK’s Financial Conduct Authority (FCA).
What’s on the FCA’s agenda at the minute, concerning technology capabilities?
All of the external facing regtech sits under my department.... read more
30th May 2018
It's no secret that new technologies have thoroughly changed the music business over the past few decades. The emergence of the open internet blindsided the traditional gatekeepers of the industry—record labels, entertainment retailers, radio stations—and unlocked access for consumers and producers alike. In a short period of time,... read more
29th May 2018
In recent years we have seen the rapid progress of two independent developments in the payments space, namely the transition to the ISO 20022 standard and the rise of API-based interfacing. Now we see these two streams beginning to merge.
The transition to ISO 20022 has largely been driven by the modernisation projects of major payment... read more
24th May 2018
Bank internal functions related to risk (CRO) and finance (CFO) nowadays have become key actors for a huge amount of regulatory and management/market requirements.
Recent regulatory requirements, for instance, ask banks to develop comprehensive stress exercises which necessarily involve skills from risk management, planning and accounting... read more