Infrastructure Insights

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Banks deliberate tech vendor cycle

18th February 2019

Company: bobsguide
“At what point should a bank move away from a traditional vendor? The answer is probably at the point at which the amount of change you want to put through the platform is being slowed down by the vendor’s change process,” says Michael James, head of technical architecture in financial services at Altus Consulting. “You... read more
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Utilising the ATM to enhance customer experience

18th February 2019

Company: Compass Plus
Non-cash transactions grew by 10.1% globally 2015-2016, according to the 2018 World Payments Report. In the US, the growth rate reported was much lower than the majority of markets - at just 5.7% - however, in terms of the number of non-cash transactions, it dominated with 148.5 billion non-cash transactions made. Despite the sheer volume of... read more
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FIS SVP: Banks need “significant investment” to realise data opportunities

14th February 2019

Company: bobsguide
Incumbent retail banks are struggling to properly utilise their customer data and provide better experiences for users compared to challengers entering the market with strong data management capabilities. That’s according to Andrew Beatty, senior vice president of global banking solutions at FIS, who believes “conversational... read more
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Non-financial counterparties unaware of looming SFTR reporting obligation

13th February 2019

Company: bobsguide
Some non-financial counterparties (NFCs) are unaware of impending reporting obligations under the Securities Financing Transactions Regulation (SFTR), according to market participants. “Financial firms really need to be reaching out to their non-financial counterparties to help educate them, get them comfortable with the regulatory... read more
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Starling adds major new clients, ups investment pull

13th February 2019

Company: bobsguide
Starling Bank’s Julian Sawyer, chief operating officer has announced that three new clients have signed up to its banking services. The three new sign ups are PelicanPay (of Pelican Group), which provides compliance solutions, Telleroo, bulk payment processors, and Vitesse, the international payments provider and insurance pay-out. ... read more
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Blockchain “will not survive” without workable use cases

12th February 2019

Company: bobsguide
The blockchain industry “will not survive” if it fails to show workable solutions, solve its reputation crisis, and get funding to innovators pushing new use cases, according to Lisa Short, co-founder of Mind Shifting, who was speaking on a panel at London Blockchain Week. “We have to start having some real honest conversations... read more
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Emir Refit delay causes headache for small financial counterparties

12th February 2019

Company: bobsguide
Ambiguity around financial counterparty categorizations due to the delay in the implementation of the update to the European Market Infrastructure Regulation (Emir), remains of concern for small financial counterparties (FCs) that fear they won’t qualify to avoid clearing obligations, according to Roger Cogan, head of European public policy... read more
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Politics and speed of change hit blockchain adoption

12th February 2019

Company: bobsguide
The slow adoption of blockchain solutions has little to do with the maturity of the technology but rather the speed at which it changes and the politics behind the consortia required to build the infrastructure, according to Adi Ben-Ari, CEO of Applied Blockchain. “We’ve found that in many environments the benefits could be... read more
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Prepare for Brexit with industry-specific software

11th February 2019

Company: Dynamo Software
Eyes around the world are watching to see the outcome of the UK’s exit from the EU. With the March 29, 2019 Leave date looming, LPs in the UK and Europe face an increasingly volatile market. Britain and the EU have yet to come to an agreement on Brexit terms, which casts a shadow on the alternative investment landscape in both regions, and... read more
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Tech giant Adobe brings cost-cutting ID verification to KYC

8th February 2019

Company: bobsguide
Adobe, the stock content platform, is straying more and more outside of its traditional heartlands to offer digital KYC solutions in an attempt to reduce the cost of compliance for its financial services customers. “Our customers tell us they can achieve huge time and cost savings, reduce error rate and calls to contact centres and deliver... read more