Infrastructure Insights


Rollback of Hong Kong's masking relief to impact FIs

3rd May 2019

Company: bobsguide
European market participants will feel the impact of Hong Kong’s proposal to remove 17 jurisdictions from the masking relief of its reporting obligations. “A lot of European financial institutions would have clients or counterparties in Asia or Australia, so it may be a small number of transactions, but it would affect most... read more

Nationwide uses Open Banking to target financially squeezed

3rd May 2019

Company: bobsguide
As market participants, lawyers and industry bodies continue to raise questions over Open Banking use cases, Nationwide has embarked on an alternative approach to target 13m underbanked consumers. “We’re not doing this for PR reasons but because we genuinely want to shift the dials in some of these social issues,” says Phil... read more

Concerns reign over CFTC's proposed swap data amendments

3rd May 2019

Company: bobsguide
Initial proposals by the US Commodity Futures Trading Commission (CFTC) to amend swap data regulations raises several concerns, say lawyers and consultants. “The proposal is somewhat vague as to the process for how swap data repositories must give the CFTC the open swap data reports, and I think commissioner Stump made some good points on... read more

The SME technology revolution | video

3rd May 2019

Company: Modulr
For what SMEs lack in size, they more than make up for in passion. There are some 5.4m SMEs across the UK operating with fewer than nine employees. They can certainly be categorised as lean, but their agility has been dependent on how quickly they can process manual operations. Low budget, multitasking staff and increasingly the same... read more

Hedge funds besieged by hackers on a daily basis

1st May 2019

Company: bobsguide
Hackers are exploiting inherent weaknesses in mature hedge funds on a daily basis, say a security vendor and the chief technology officer of an established fund, leading to huge boosts in cybersecurity spending. “Hedge funds are being targeted simply because of cash movements where frequent large transfers are normal at a small business... read more

BankTech series | Biometrics: A step beyond the security versus convenience debate?

30th April 2019

Company: bobsguide
Security and convenience are the twin pillars of retail banking, as banks seek to find the golden compromise between secure yet easy access for customers. And as banks face increasingly more hostile fraud environments and more stringent protective regulations, they must find a solution and fast or risk losing customers to a clunky and laborious... read more

EBA’s Farkas: Jury out on Open Banking

30th April 2019

Company: bobsguide
Market participants, lawyers and the European Banking Authority (EBA) are still pondering the impact of Open Banking more than a year into the initiative, a conference in central London heard this week. “It’s too early to judge at this point in time,” said Adam Farkas, executive director of the EBA at the Innovate Finance... read more

Dodd-Frank section 1071 could break SME lending barriers for fintech

30th April 2019

Company: bobsguide
Stringent data and reporting requirements could negatively impact small business lending in the US, according to the Independent Community Bankers Association (ICBA), while lawyers believe it could be an opportunity for fintechs to establish themselves in the market. Under Section 1071 of Dodd-Frank, the Consumer Financial Protection Bureau... read more

5 benefits of digitalization in commercial and business banking

29th April 2019

Company: Fenergo
Commercial and business banking clients often have a harder time opening a bank account than the average retail client, mainly due to the complex, siloed legacy technology that makes up most banks’ back, middle and front office operations. Banks share the frustration of difficult and lengthy onboarding solutions with their clients. Not only... read more

Old habits and mobile wallets key to US contactless card adoption

25th April 2019

Company: bobsguide
The adoption of contactless cards is being dwarfed by that of alternative payment methods in the US, according to market participants. “While people may be aware of [contactless] I don’t know if it’s being used as broadly as everyone would like it to be,” says Mark Bunney, director of go-to-market strategy for merchant... read more