Infrastructure Insights

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5 steps to implementing AI for AML compliance

4th February 2019

By 2030, artificial intelligence (AI) will save the banking industry more than $1trn, according to analysts. Of that vast sum, it is expected that banks and credit unions will save $217bn—simply by applying AI to their compliance and authentication practices, and to other forms of data processing. I recently reviewed the first steps that... read more
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AI replacement of current market risk models “a long way” off

31st January 2019

Company: bobsguide
Replacing current market risk models with something that has been derived through artificial intelligence (AI), especially unsupervised machine learning, “we are a long way from seeing that,” says Daniel Percy-Hughes, Consultant at Synechron. “There are a couple of reasons for that. One is that they [AI and machine learning]... read more
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Banks must decompose legacy “ball of mud” to grab cloud opportunity

30th January 2019

Company: bobsguide
Banks need to unbundle legacy IT infrastructure if they’re to take advantage of the benefits the cloud and APIs can bring, according to Danny Healy, financial technology specialist at MuleSoft. “Banks will typically layer new technology on top of what they’ve already built. This is why we refer to this bundle as a ‘ball... read more
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Legacy on-premise data management will be a thing of the past

30th January 2019

Company: bobsguide
New findings from Adox Research has warned asset managers and investment banks that cloud deployed, insight-driven data management will become the mainstream model in two to five years time, leaving legacy on-premise solutions to collect dust. But the research conducted, which surveyed c-suite executives in 2018, found that the largest concern... read more
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User-controlled privacy through self-sovereign identity

30th January 2019

Company: Signicat
More and more, we conduct business online and through one or several digital identities, ranging from credentials issued from a single organization to a reusable, verified electronic identity. In a research report we conducted 72% of consumers interviewed wanted a digital-only onboarding process for new financial services. Coinciding with this... read more
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Report: Cloud-based core banking vendors look to smash legacy oligopoly

29th January 2019

Company: bobsguide
A breed of emergent vendors is aiming to break apart the oligarchy ruling the core banking space and disrupt a market which has been experiencing consolidation for a decade. Those in the market suggest that cloud-based platforms could see the pureplay core system business model “come to an end”. In 2014, Gartner listed 19 core... read more
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The UIs have it

28th January 2019

Ever since early cave dwellers painted a visualisation of the world around them, humans have had a fundamental need to socialise and communicate with others, to transfer a common understanding of states past, present and future between them. Body language and the spoken word were the early protocols to achieve that transfer and understanding,... read more
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Burying the intercompany hatchet

28th January 2019

Company: BELLIN
Early on in my treasury consulting career, a new client approached me with what seemed to me a rather unusual request during their system implementation: “Could you please set up Deutsche Mark as one of our currencies?” I blinked. Deutsche Mark – the former German currency replaced by the euro in 2002? My confusion must have shown... read more
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EU hopes of AML cooperation deemed "unlikely" by industry

25th January 2019

Company: bobsguide
European Union attempts to unite the continent’s anti-money laundering (AML) approach is unlikely, says Andrew Simpson, chief operation officer at CaseWare Analytics, as is the setting up of a centralised European AML regulatory body. “Within the EU there is a possibility that you will have some jurisdictions that will co-operate... read more
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4 best practices to keep the Nordic back office fit

25th January 2019

Your middle- and back-office systems are the spine of your operation: if they’re unhealthy or misaligned, the whole business suffers. But when building a strategy to differentiate your service for your customers, it’s easy to focus most of your attention on the front office. If you want to be able to deliver scalable... read more