Infrastructure Insights

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Investor caution to shed fintech dead weight

24th January 2019

Company: bobsguide
A market strategist has warned this year will see a cull of the fintech startup market, as hyper-valuation in the tech sector get reined in while investors respond more cautiously to a turbulent 2019. “The saying goes, a rising tide lifts all boats but, when the tide goes out, you’ll see who’s swimming without their bathing... read more
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PRA chief: Post-Brexit regulation could boost challenger banks

23rd January 2019

Company: bobsguide
Challenger banks in the UK could benefit from “simpler” regulation after the UK transitions out of the European Union to help them tackle larger incumbents, the chief executive officer of the UK’s Prudential Regulation Authority (PRA) has suggested. In a roundtable speech last week, the banking supervisor spoke about how Brexit... read more
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Open Banking: Growing in customer trust in 2019

22nd January 2019

Company: Profile Software
Over the past year of its implementation Open Banking remains a key concern of banks given the regulatory environment, the changing consumer patterns and the new fintech firms. It is becoming a need for banks to embrace digital transformation in this area to achieve more profitable operations. The banking industry is looking to achieve strong... read more
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UK is "leader" of Europe-wide API standardisation

16th January 2019

Company: bobsguide
The fact that the UK’s API standards are in prime position to be embraced across the European Union puts the country’s banks and fintechs – already conforming to those standards – at a distinct advantage over their counterparts in the rest of Europe. “The UK is the first mover on this [Open Banking] across Europe... read more
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System consolidation to save firms from SFTR struggles

16th January 2019

Company: bobsguide
Systems consolidation is the name of the game if firms are to meet the reporting requirements of the Securities Financing Transactions Regulation (SFTR), according to Broadridge senior product director, Dean Bruyns. “Obviously it takes work and it takes budget. These are challenges that all banks have,” says Bruyns.... read more
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CFTC ethereum questions show “fundamental” lack of understanding

11th January 2019

Company: bobsguide
A request for input from the Commodities Futures Trading Commission (CFTC), seeking to improve its understanding of the ethereum blockchain, has demonstrated a “fundamental” lack of knowledge at the regulator. “It seems to not have a very good understanding of ethereum overall,” says John Quarnstrom, founder of ethereum... read more
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Longer SFTR scrutiny period to give banks breathing space

11th January 2019

Company: bobsguide
Any extension to the scrutiny period for the Securities Financing Transactions Regulation (SFTR) comes as a blessing as “there is still so much” for banks to do. "Some banks will find it difficult to retain their resources [during a delay]. After enough time they get moved on to other projects,” says Dean Bruyns, senior... read more
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Open Banking clears way for tech giants to move into financial services

10th January 2019

Company: bobsguide
Two in three (66%) of UK banking decision makers believe the tech giants will be offering retail banking services by 2024, according to a recent survey. The tech sector – led by Google, Amazon, Facebook and Apple (GAFA) – are well poised to embrace Open Banking, according to banking commentator Elizabeth Lumley, director of fintech... read more
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PSA exemption from clearing obligation to be extended by four years

9th January 2019

Company: bobsguide
The exemption for pension scheme arrangements (PSAs) to clear over-the-counter (OTC) derivatives through central clearing houses under the European Markets Infrastructure Regulation (Emir) is to be extended for a further four years under the regulation’s Refit proposals, according to a European Commission spokesperson. “There is an... read more
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API-equipped banks put pressure on technology vendors

9th January 2019

Company: bobsguide
Technology vendors need to support the adoption of microservices or risk banks pivoting to a model of self-sufficiency, according to Hans Tesselaar, executive director at BIAN “Each year you see fewer and fewer core banking vendors appearing on industry rankings tables,” he says. “In 20 years from now maybe there will only be... read more