Retail Banking Systems Insights
25th June 2019
The introduction of discretionary extensions to the September 14 deadline for strong customer authentication (SCA) by the European Banking Authority (EBA) is an indication of the complexity and ambiguity of the requirements themselves, and not an unpreparedness in the industry, according to payments market participants.
“The new SCA... read more
18th June 2019
OakNorth CEO and co-founder Rishi Khosla speaks to bobsguide.
What drove you to create OakNorth?
Joel and I started our first business in our 20s in 2002 – it was called Copal and did financial research outsourcing for investment banks, asset managers, PE firms, etc. About four years into that business, we were looking for... read more
18th June 2019
From early-stage payments fintechs to giant acquirers, every company is asking themselves the same question: “How can we turn our data into dollars?”
After all, most companies these days are to some extent data companies, whether they are aware of it or not. Many businesses try to leverage certain types of data they capture, but... read more
17th June 2019
Banks, payments providers and those looking to move money across territories are looking to simplify their processes through clearer and integrated IBAN management solutions, according to Jürgen Schneider, managing director at ONPEX.
“Major clients have come to us because they’ve wanted to have easy access to our multi-currency... read more
14th June 2019
Benoît Legrand was appointed chief innovation officer at ING Bank in January 2018, having previously served as the bank’s global head of fintech and CEO of ING Ventures. On the sidelines of Money 20/20 in Amsterdam last week, bobsguide sat down with the Legrand to talk about the future of fintech in Europe and the hype around the... read more
11th June 2019
The bursting of the cryptocurrency bubble and the deflation of industry hype around blockchain means distributed ledger technology has the time decouple from Bitcoin and find real industry use cases, according to market participants.
“I'm glad the hype and the bubble burst, because it put a lot of attention towards Bitcoin and then of... read more
10th June 2019
It goes without saying that for commercial, business and retail banks, the digital experience is becoming synonymous with the customer experience. If banks want to keep up with the megabanks in the industry, they will need to adopt a more digital approach. However, for those stuck in a tangled web of legacy technology architecture, going... read more
10th June 2019
Four gambling businesses have been fined £4.5 million for failing to put in place effective safeguards to prevent money laundering as the UK Gambling Commission works to improve anti-money laundering (AML) compliance for online gambling.
The announcement - a result of an ongoing investigation into online casinos - comes on the heels of the... read more
6th June 2019
Regulatory intervention will spell the doom of static passwords and poor authentication, and the death knell will sound from the UK, according to Philipp Pointner.
Speaking on the sidelines at Money 20/20 in Amsterdam this week, Pointner said the only reason outdated security methods exist is because regulators still allow them to – but... read more