Retail Banking Systems Insights

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Dodd-Frank rollback: now is the time for fintech to show real value

23rd May 2018

Company: bobsguide
Fintech initiatives at banks and financial institutions could be set to thrive, as the US prepares to roll back the Dodd-Frank Act say lawyers. The Senate voted to repeal the act earlier this year, and on May 22 Congress also did so. Should President Trump – a vocal critic of Dodd-Frank – give consent to regulators to start the... read more
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Cyber warfare in payments gets intelligent

23rd May 2018

Company: bobsguide
Artificial intelligence has come on leaps and bounds in the past few years, with big data and cyber security adding much to financial service firms’ means of protection. Here, bobsguide speaks with Nezar Nassr, technical product manager and Nasser Sweileh, head of financial crime and compliance risk, product development management, of... read more
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Top payment processing software solutions

22nd May 2018

Company: bobsguide
It’s virtually impossible to run a business of any kind without access to a dynamic payment processing solution. The needs of global firms and start-ups alike have advanced far beyond the payment software that managers used to rely on to stay on top of traditional merchant account activities. Much of that demand stems from the introduction... read more
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One in five Americans think their payments will be completely cashless in their lifetime

22nd May 2018

"When America sneezes, the world catches cold," is a phrase economists have latched onto for decades, and one that has featured in headlines since the banking crisis. And the phrase continues to be relevant when applied to the banking industry. Often trends are identified in the US that are then seen in Europe and across the rest of the... read more
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Open Banking: regulatory “shot in the arm” drives global initiatives

18th May 2018

Company: bobsguide
Open Banking initiatives, cultures and internal structures are taking off throughout the banking world, driven by regulation, consumer demand and banks making a transition into the next phase of the sector’s evolution, say market participants. “We have Open Banking initiatives from the regulatory side – which has really been... read more
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Selecting a software vendor: 4 critical considerations

18th May 2018

Company: FundCount
Determining what matters most when choosing a software vendor for your project is like asking what matters most when buying a new car. The answer is likely to be, “it depends.” It depends on whom you ask. It depends on budget, needs, goals and sensibilities. So, where do you begin and what are the most important considerations? First... read more
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GDPR in context: 6 key data protection principles

17th May 2018

Company: Fenergo
GDPR outlines six principles that organizations need to abide by. These principles aren't new - they were already outlined in the 1995 directive, but GDPR has revised them slightly. We delve into each principle below: 1. Lawfulness, fairness and transparency Our last blog, on Legal Bases, falls within this principle. Controllers... read more
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Is there a need for a US fintech charter?

14th May 2018

Company: bobsguide
Following years of new regulations, nobody in the financial sector is particularly keen on new rules. Since Dodd Frank and its related slew of regulatory and reporting requirements, the very thought that regulations could become more demanding should send shivers down the spine of anyone working in the market. Not least regulators – who have... read more
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GDPR versus Open Banking: Two sides of the same coin

11th May 2018

Company: bobsguide
Two hotly anticipated legislations of 2018, PSD2 and GDPR, are products of a new digital dawn. The former was met with wholehearted embrace from a host of third party fintech startups and the wider banking community who envisioned a more customer-centric and competitive Open Banking sector; ripe ground for healthy innovation. The regulators... read more
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Howard: Canadian retail banking transformation in full swing

11th May 2018

Company: TALKINGTECH
Canada’s developing retail banking sector has acknowledged that digital advances can reshape the market, offering a wider array of services to millennials who expect better customer experiences, says Simon Howard, director of business development UK and Canada, Talkingtech. However, the rate of change differs across each banking... read more