Infrastructure Insights

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Lawyer warns banks over data breach increase

4th March 2019

Company: bobsguide
In the same week the UK’s Financial Conduct Authority (FCA) revealed a fivefold rise in data breaches at financial services firms, Rupert Casey, technology solicitor at Keystone Law, warns that retail banks must get the basic procedures right or face regulatory rigor. According to law firm RPC, 145 companies reported breaches to the FCA in... read more
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Prototyping the benefits of machine learning, today

1st March 2019

Company: SimCorp
Machine learning and artificial intelligence (AI) will transform our lives in the decades to come. But machine learning also has a role in the more near term to address concrete problems users currently face on a daily basis. This article explores how SimCorp is looking to exploit these opportunities. At SimCorp, we have set up a dedicated... read more
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People moves: Falcon, Ideanomics, Aon and more

27th February 2019

Company: bobsguide
FinFit announces new CFO Virginia-headquartered FinFit appointed Matthew Fahy as chief financial officer on February 19. At FinFit, Fahy will oversee the company’s financial strategy and operations. Most recently, he served as CFO and EVP of global services at AgilQuest. Prior to this, he held the role of CFO for Public Access... read more
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Big tech to shake up SME lending market

27th February 2019

Company: bobsguide
The emergence of Amazon as a finance provider, and other large technology firms like it, into the SME lending market signals a disruption of old business models, according to Oliver Prill, CEO of Tide, speaking on a panel at the Global Business Banking Summit in London this week. “90% of the UK business banking market is dominated by banks... read more
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Mifid II post-trade data not bringing clarity to the market

26th February 2019

Company: bobsguide
Approved publication arrangements (APAs) are interpreting rules set out in the second Markets in Financial Instruments Directive (Mifid II) differently, impacting the quality and clarity of post-trade data, according to consultants and market participants. “There are supposed to be some aligned data standards but every single APA has a... read more
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US Fed’s rate pause signals boon for fintechs

26th February 2019

Company: bobsguide
The lack of volatility in the stock market in the wake of the US Federal Reserve’s rates pause could prove beneficial to fintech investment, according to Mayra Rodriguez Valladares, managing principal at MRV Associates and former New York Fed analyst. “This is a good year for fintech, especially regtech, said Valladares, in an email.... read more
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UK SMEs need to embrace technology revolution

25th February 2019

Company: bobsguide
Small and medium enterprises (SMEs) in the UK need to embrace the technology revolution that is currently taking place, according to Seamus Smith, executive vice president of worldwide payments and banking for Sage. “There is no question that at a macro level we lag compared to other European markets in terms of technology adoption. I... read more
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Technologist in the spotlight: ID-Pal’s Robert O’Farrell

25th February 2019

Company: ID-Pal
How would you describe ID-Pal? In a world where 80% of relationships are being commenced digitally, ID-Pal makes omni-channel Know Your Customer (KYC) processes, quick, seamless, effective and compliant. What is the most significant technological advance of the last five years for ID-Pal? The ability to completely integrate our... read more
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ID Finance CEO: Latin America the place to be for fintech

20th February 2019

Company: bobsguide
Regulatory support in Latin America is “an amazing sign” for firms aiming to ride the wave of a booming fintech space in markets like Mexico and Brazil, according to ID Finance CEO, Boris Batine, though new entrants need to be ready to tackle new risks. “China was exciting, but we’re all a bit late for that. Most of the... read more
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ING’s CIO: Despair & disappointment part of innovation

19th February 2019

Company: bobsguide
Speaking on the sidelines of FinovateEurope, Benoit Legrand, the chief innovation officer of ING Group discussed the intricacies of innovation from psychology to the bank’s innovation budget. As new technologies kindle the start of global fintech, it is imperative that incumbent banks adapt their mindsets and invest heavily, without fear... read more