Data Solutions Insights


Report: Race on for CCPA compliance

2nd December 2019

Company: bobsguide
With the California Consumer Privacy Act (CCPA) going into effect on January 1, firms with activities in the world’s fifth largest economy are fighting against the clock to get their houses in order to comply with the requirements, according to lawyers and market participants. “There’s so much to do and we’re running... read more

Q&A: BNY Mellon CDO on data culture

2nd December 2019

Company: bobsguide
Gary Barr is the chief data officer at BNY Mellon. We caught up with him to discuss changes in data culture, the organisation’s data management strategy, and different approaches to fintech partnerships. There has been a lot of talk around central storage and data cleansing. What is BNY Mellon’s approach to managing the... read more

Regulator input could inhibit consumer access to financial data

27th November 2019

Company: bobsguide
Involvement by regulators to create a new API standard for consumers and businesses to access their own financial data could slow down industry initiatives in the space, according to Don Cardinal, managing director of the Financial Data Exchange (FDX). “The issue is, could the regulators stop [the FDX API standard] inadvertently? All they... read more

BoE and FCA to revise data collection

20th November 2019

Company: bobsguide
UK regulators are set to review how they approach data collection, according to the chief data officer at the Bank of England (BoE) and the Financial Conduct Authority (FCA)’s head of central data services, innovation, strategy and competition division. “Some of the collections were done many years ago, and were there for... read more

Why financial institutions are moving away from transaction monitoring

19th November 2019

The past few years have borne witness to scandal after scandal, as Europe has struggled with a torrent of financial crime – specifically money laundering. Although it’s impossible to accurately estimate the true scale of the issue, research undertaken  by Europol suggests that laundered money could account for anywhere between 0.7... read more

SFTR: an overnight regulatory reporting headache ten years in the making

18th November 2019

Waiting ages for a major regulation to come along, and as soon as it arrives another new rule quickly follows. Before the industry has a chance to fully iron out all the post-Mifid II wrinkles, another regulation comes along. This time, compliance eyes are gazing upon the traditionally underreported world of repos, securities lending, and the... read more

Concerns raised over smart contract coding issues

6th November 2019

Company: bobsguide
Questions are still being asked around the ability of smart contracts to fulfil financial transactions. “This is a big thing, it is much more difficult than you might think,” said Dr Christopher Clack, associate professor in the department of computer science, UCL, on a panel at the International Swaps and Derivatives Association... read more

Quantum computing commercial cases predicted within decade

31st October 2019

Company: bobsguide
It will be between three and five years before a commercial use case for quantum computing comes to market, agreed a panel at Money 2020 US in Las Vegas this week. “For certain really hard math problems and certain complexity classes there are things that these noisy intermediate-scale quantum solutions (Nisq) will be able to do much... read more

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