Insights

/images/news/79046.jpg

Red Hat's Hooley: Banks will “never upgrade old systems” because it’s “too expensive”

30th September 2019

Company: bobsguide
Modernising retail banks’ infrastructure is so time consuming and expensive that many will look to migrate customers to new digital subsidiaries, according to Tim Hooley, chief technologist, EMEA Financial Services at Red Hat. “If you have monolithic software you cannot be innovative,” said Hooley, who was... read more
/images/news/79038.jpg

Delatinne: RippleNet clients' exposure to XRP fluctuations minimal

30th September 2019

Company: bobsguide
Ripple customers looking to utilise the firm’s on-demand liquidity capabilities are not impacted by fluctuations in the company’s crypto asset, XRP, according to its global head of banking, Marjan Delatinne. “[T]he technology is designed to cater for the requirements needed for high volume low value payments, so the exposure on... read more
/images/news/79033.jpg

Appetite for digitisation

27th September 2019

Company: Comarch Finance
SMEs are no longer just traditional outlets manufacturing goods and then selling them on local markets. With constant technological progress and stiff competition, many new start-ups expand their business activity and go global. They grow in wealth, number and significance: according to Accenture, only in the UK SMEs constitute 99.9 percent of... read more
/images/news/79032.jpg

BoE’s Williams: Banks' third party cyber security worries growing

27th September 2019

Company: bobsguide
Monitoring third party’s cyber security is a growing concern for banks, according to Paul Williams, senior technical advisor, operational risk and resilience at the Bank of England (BoE). “Cyber has been a key topic for the entire duration that I have been in the role at the bank, which has been five or six years,” said... read more
/images/news/79031.jpg

People moves: RBS, Revolut, Capitolis

27th September 2019

Company: bobsguide
RBS appoints a new CEO Royal Bank of Scotland has announced the appointment of Alison Rose as new chief executive officer. Rose will succeed CEO Ross McEwan who will step down on November 1 to take up the role of chief executive at the National Australia Bank. She has served the bank for over 27 years. RBS Chairman Howard... read more
/images/news/79028.jpg

Fraud a natural fit for AI applications

26th September 2019

Company: bobsguide
Detection of fraudulent activity in the payments world is the perfect place for artificial intelligence to blossom, according to Riteesh Singh, senior vice president at Finastra and Joël Winteregg, CEO and co-founder of NetGuardians. The pair were speaking on the side lines of Sibos in central London this week, after announcing a... read more
/images/news/79027.jpg

Deloitte's Jackson: Generic transaction monitoring rules wasteful

26th September 2019

Company: bobsguide
Firms must go back to basics and simplify transaction monitoring and know your customer (KYC) processes, according to Katie Jackson, a partner at Deloitte. “Firms are conducting a huge amount of transaction monitoring, they might be running generic rule sets not tailored [ones]… they are running retail rules over a commercial or an... read more
/images/news/79026.jpg

Bitcoin futures market heats up

26th September 2019

Company: bobsguide
Bitcoin futures have been trading for almost two years now – but the marketplace for those trades has been a relatively quiet one. Both the derivatives marketplace CME Group and the Chicago Board Options Exchange (CBOE) introduced rival futures products in December 2017. Yet after a tepid uptake, CBOE abruptly announced it would be... read more
/images/news/79025.jpg

From traditional to digital, Petr Baron on transforming TBI from bank to challenger

26th September 2019

Company: Provenir
Banking as an industry is changing, with innovative tech-savvy businesses both entering the market and emerging from what were traditional financial services organisations. In Europe, the second payments services directive (PSD2) has created a wave of opportunity for banks to offer a range of new products and services – but the rules are... read more
/images/news/79024.jpg

Google’s Breslow: Very little actual financial crime is being detected

25th September 2019

Company: bobsguide
A large portion of financial crime is going undetected due to data problems causing high levels of false positive rates in financial institutions’ fraud detection systems, according to Stuart Breslow, managing director of technology and policy at Google. “The error rate was very gently put as significant,” said Berslow on a... read more