Middle and Back Office Solutions Insights
28th November 2018
Banks must find their niche and “bloody well deliver” or face losing customers to challengers. according to Alison Jaap, head of change at First Direct. Speaking at an event in London this week, Jaap argued that incumbents need to take more commercial risks as innovative products flood the market.
Banks simply can’t afford to... read more
28th November 2018
Efficient order management is critical to the success of any organisation. Yet achieving flawless orders on an ongoing basis can be challenging for organisations of all shapes and sizes.
There are dozens of hurdles to overcome along the often tumultuous road to order fulfilment – from opening orders, keeping track of available inventory,... read more
26th November 2018
The story of automation in financial services is one told with heavy hype.
Reportedly driver technologies of the fourth industrial revolution, the buzzwords artificial intelligence, machine learning and robotic process automation (RPA) have seen an explosion in growth and investment, according to Guy Kirkwood of automation specialists,... read more
26th November 2018
When thinking of robotics and artificial intelligence (AI), many of us will automatically conjure up images of futuristic robots and applications from sci-fi films. However, the reality is very different. In fact, Robotic Process Automation (RPA) and AI are integral to many businesses, allowing for simple and repetitive tasks to be carried out... read more
21st November 2018
Thorough checks are required when selecting a third party tech provider of any system – not least when a bank looks to incorporate a new payment infrastructure.
The payments ecosystem in the US has become increasingly complex. Many business to business transactions are still made in cheques, while technological advances have led... read more
19th November 2018
According to a PwC report, 86% of banking and capital markets CEOs indicated that over regulation is their top concern, with the speed of technological change came a close second at 85%.
A poll of the bobsguide audience conducted during a recent webinar, suggested many firms are looking to external service providers... read more
14th November 2018
Cost disclosure may well yet prove to be the most pernicious element of the EU’s entire consumer protection strategy. Part of Mifid II, these changes apply to all wealth management transactions where there is a cost of investing money in the market. Some advisers refer to the aggregated information on costs and charges that they... read more
12th November 2018
It is fascinating that 10 years on from the collapse of Lehman Brothers, the Client Assets sourcebook (CASS) is still high on the regulatory agenda.
The Financial Conduct Authority (FCA) has repeatedly scrutinised CASS and enhanced standards, starting with the issuance of ‘PS14/9: Review of the client assets regime for investment... read more
9th November 2018
Many industries have begun experimenting with blockchain—independent of Bitcoin. In fact, the World Intellectual Property Organization handed out 406 blockchain patents in the last year alone.
And while the fate of cryptocurrency is uncertain, the tech underlying it seems to have some interesting applications (along with some... read more
8th November 2018
There is a small handful of primary use cases for blockchain technology, according to Francesco Tonin, FX market specialist, Bloomberg speaking at an industry event in Chicago.
“International payments work,” he said, “but it takes a long time, you might need to use a correspondent bank, you might not know where any given... read more