Infrastructure Insights

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Transforming transaction data management: 3 considerations for financial institutions as global trade reporting requirements intensify

17th April 2019

Trying to collate everything manually, when detail exists in different formats across numerous data silos, is no longer sustainable. In any case, many firms lack the budgets to keep investing in new IT projects each time demands change or a new standard is issued. There must be a more sustainable way forward. Indeed, the research suggested that... read more
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Dependable delivery, without the digital drama

17th April 2019

Company: Micro Focus
In an era of digital transformation - not to mention a lot of economic and regulatory change - things are moving quickly. For many financial services organizations this means unprecedented pressure to  innovate to remain relevant and competitive. And the results are starting to show: in early 2019, Spanish multinational BBVA confirmed it... read more
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Fintechs blocked by SCA “walled garden”

15th April 2019

Company: bobsguide
Fintech vendors believe there are still obstacles in place as banks “drag their feet” – and potentially put hurdles in place - to comply with Strong Customer Authentication (SCA), due to come into force on September 14. “Some [financial] institutions dislike people like ourselves who can access the other account types so... read more
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Banks forced to turn to machine learning to tackle compliance burdens

12th April 2019

Company: bobsguide
Banks are increasingly turning to machine learning to innovate heavily manual and costly middle and back office mission critical compliance management processes, say market participants. “Banks are already in a period of change, mostly in the more business- driven activities in the front office but it’s time to appreciate the value... read more
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Singapore agreement offers opportunity for Cambodian retail banking market

12th April 2019

Company: bobsguide
A fintech agreement between Cambodia and Singapore authorities provides an opportunity for the former’s underbanked and underbanked population, according to lawyers, while the vice president of both Cambodia and Singapore’s fintech associations says lessons can be learned from both central banks’ implementations of blockchain. ... read more
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EU's CACM driving NEMO movement from power exchanges

11th April 2019

Company: bobsguide
Nord Pool’s splitting of its market coupling operator (MCO) operations from its power exchange business could be the first indication of a wider movement by nominated electricity market operators (NEMOs) in reaction to the EU’s Network Guidelines on Capacity Allocation and Congestion Management (CACM), according to a source close to the... read more
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Research finds in-house banking apps easier to hack

11th April 2019

Company: bobsguide
New research released this week has revealed that banking applications developed in-house are more vulnerable than those produced by third-party vendors. Some 81% of banks across the world are embarking on technology transformation programmes in order to keep costs low and bring out application functionality at the pace dictated by consumer... read more
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Banks bite back over resolution frameworks

10th April 2019

Company: bobsguide
Recent comments made by Single Resolution Board (SRB) chair Elke Konig suggest opposition from banks on resolution frameworks, says Giles Edwards, senior director of financial service ratings at S&P Global Ratings. “There has been push back from the banks initially to say, ‘look you need to be clear about what you... read more
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China attempts to stem corruption and capital outflows with crypto mining ban

10th April 2019

Company: bobsguide
The Chinese government has proposed a ban on cryptocurrency mining in a bid to tackle corruption and stem capital outflows prevalent in the market, believe market participants.   “Because of rampant corruption, local authorities can make deals with miners, often without the knowledge of the central government,” said Erik... read more