Global Payments & Transfers Insights
25th June 2019
As the speed, volume and complexity of data and regulation increases, how can financial service firms effectively keep up pace and remain competitive – all whilst mitigating rising costs across both people and technology?
Today, businesses using hyper-connected data are facing unprecedented digital disruption and regulatory pressures.... read more
21st June 2019
Facebook-supported virtual currency Libra has faced regulatory scrutiny following its unveiling earlier this week, driven by what blockchain and cryptocurrency market participants believe is a fear over the social media firm’s technological power and potential ability to affect fiat markets.
“The regulatory reaction has been fierce... read more
18th June 2019
Extreme remote banking – a term encompassing the provision of banking services to extremely remote, rural communities – should be a key focus for every UK retail bank right now.
There are potential ramifications of new legislation on banks as well as ethical reasons for banks maintaining access to financial services for small... read more
3rd June 2019
Emerging technologies have changed practically every facet of our daily lives. From smartphones to flying drones, the pace of innovation continues to accelerate at almost maddening speeds. But, as is the case with any race, there are those who get left behind. While still functional, legacy technology can often create more problems than solutions;... read more
31st May 2019
The International Organization of Securities Commissions (Iosco)’s attempt to harmonize crypto regulation will have no immediate impact, as national regulators are still failing to understand jurisdictional governance, says a lawyer. While the CEO of a crypto exchange says the lack of adoption of current regulation to crypto, has created a... read more
29th May 2019
Payments markets are changing drastically, forced by the hand of national and regional regulators as well as a technological advances driving at an incredible pace. Banks and other financial institutions are sitting up to take note.
Here, bobsguide speaks with Mohammed Kateeb, group chairman and CEO of Path Solutions – a firm that featured... read more
24th May 2019
Banks’ middle management and specialists must do more to convince the executive of the opportunities and cost saving benefits posed by T2/T2S (TARGET2 & TARGET2 Securities) Consolidation.
Affecting some 1,700 EEA bank accounts, the T2/T2S Consolidation project - which is due to go live in November 2021 - is a great burden for European... read more
17th May 2019
The development of EBA Clearing’s RT1 platform has reached critical mass in Finland with the support of the country’s six major banks, says the payment service provider’s CEO Hays Littlejohn.
“It’s not as though we made any kind of particular effort just for Finland, it’s more that those banks chose to... read more
9th May 2019
Large US banks are racing to get ahead of quantum computing powered encryption breakers, by showing interest and investing early in quantum key distribution (QKD), the only known prevention mechanism
“This is like the space or arms race and it’s the sort of race the US can’t afford to come second in,” says John Prisco,... read more
8th May 2019
Tech stack build decisions at banks and financial institutions are becoming increasingly more complex, with more vendors providing different types of technological solutions for a variety of processes. Nowhere is this more evident than within the treasury sector.
On top of that, organizations within financial services are changing with an... read more