Data Solutions Insights


JP Morgan head of analytics and data: Change required before banks embrace AI

30th October 2019

Company: bobsguide
Banks need to address a cultural shift in order to make the best use of artificial intelligence (AI), according to Samik Chandarana, head data and analytics, applied AI and machine learning, JP Morgan. “There’s a cultural shift in the way people implement this technology. And quite frankly us banks weren’t so good at... read more

McKinsey’s Rajgopal: Volcker Rule not doomsday for bank/fintech partnerships

28th October 2019

Company: bobsguide
Regulatory changes in the US, including the rollback of the Volcker rule, will not be “deterministic” of banks’ propensity to partner with fintechs, according to Kausik Rajgopal, managing partner for McKinsey’s Western US region. “I think the rule will have an impact on banks directly, and I think it could impact... read more

(L)ibor reform: How will it affect bank treasury functions?

25th October 2019

Company: SimCorp
Regulators are increasingly interested in industry progress and bank treasury readiness for the (L)ibor reform. In this  article, EY and SimCorp experts explain why it’s crucial that bank treasurers can demonstrate a tangible action plan for addressing the (L)ibor reform’s implications for specific functions. Is your... read more

The rise of the platform economy in financial services

24th October 2019

Company: Finastra
Platforms, APIs and open banking are rewriting the rules and creating powerful new ways to engage with the customer at lower cost. When it comes to future technologies how should bank leaders shape their strategy to embrace digital and make the most of the opportunities in the face of limited budgets, rising costs and a tight skills market? I... read more

BNY Mellon on multiyear cleanse of internal data

10th October 2019

Company: bobsguide
It will take a couple of years for BNY Mellon to cleanse its data so it can be used across the company, according to the bank's global head of digital partnerships, Lucien Foster. “We are creating a data lake for ourselves and that is really the foundation of what the digital group is looking at and hydrating that lake,”... read more

Barclays had "fingers burned” interfacing bots across systems

8th October 2019

Company: bobsguide
Barclays has run into problems when project managing end-to-end system upgrades, according to Martin King, head of process transformation for risk, finance and technology at the UK bank. "Where we have had our fingers burned in the past is where we have tried to interface things like bots with many, many strategic systems across an... read more

Buy-side must be ready for early SFTR go-live

7th October 2019

Company: bobsguide
Fund managers may be required to provide data under the EU’s Securities Financing Transaction Regulation (SFTR) ahead of their reporting deadline, according to Catherine Talks, product manager, UnaVista. Under the rules, firms must be able to report counterparties' details. Credit institutions, investment firms and relevant third... read more

People moves: RBS, Revolut, Capitolis

27th September 2019

Company: bobsguide
RBS appoints a new CEO Royal Bank of Scotland has announced the appointment of Alison Rose as new chief executive officer. Rose will succeed CEO Ross McEwan who will step down on November 1 to take up the role of chief executive at the National Australia Bank. She has served the bank for over 27 years. RBS Chairman Howard... read more

Fraud a natural fit for AI applications

26th September 2019

Company: bobsguide
Detection of fraudulent activity in the payments world is the perfect place for artificial intelligence to blossom, according to Riteesh Singh, senior vice president at Finastra and Joël Winteregg, CEO and co-founder of NetGuardians. The pair were speaking on the side lines of Sibos in central London this week, after announcing a... read more

Deloitte's Jackson: Generic transaction monitoring rules wasteful

26th September 2019

Company: bobsguide
Firms must go back to basics and simplify transaction monitoring and know your customer (KYC) processes, according to Katie Jackson, a partner at Deloitte. “Firms are conducting a huge amount of transaction monitoring, they might be running generic rule sets not tailored [ones]… they are running retail rules over a commercial or an... read more