Retail Banking Systems Insights
12th August 2019
“We are seeing some companies looking to establish a payment system that bypasses our banks and our currency,” US Federal Reserve governor Lael Brainard said in early August, announcing the central bank’s plans to launch a new payments network. “Facebook's Libra project raises numerous concerns that will take time to... read more
7th August 2019
US regulators should avoid using punishing fines as a first response to data breaches at banks and focus on building prevention solutions, say security experts.
Doug Wick, vice president at data security firm ALTR, believes that regulators have been successfully affecting change at banks for decades. “But they aren't good at... read more
5th August 2019
Canada and the US are moving toward greater transparency for corporate ownership, but they still fall short of some countries in Europe in making beneficial ownership data readily available to law enforcement, financial institutions and the public.
“Canada and the US both still have a ways to go behind the UK and Ukraine with... read more
29th July 2019
AI platforms will become so advanced that explaining their decisions to retail banking customers would be secondary to the service provided, according to market participants, though developers and corporate users will need more understanding than ever before.
“AI will eventually achieve a level of complexity that makes it virtually... read more
22nd July 2019
For wholesale banking institutions, trade reporting might appear to be little more than a painful and costly burden. But what if a consolidated, cloud-based approach to trade reporting could also serve as the basis for unprecedented business analysis and insight?
In retail banking and credit card provision, as indeed in many other... read more
18th July 2019
Banks shouldn’t feel pressured into wholesale changes to their core banking systems, when the real battle for innovation and customer retention will be won with software and services sitting in the middle layer, says SunTec CEO Nanda Kumar.
“Humans have 70 different organs, and each has its own function. You don’t try to change... read more
15th July 2019
The market for treasury management solutions has changed dramatically over the course of the past few years. From technological advances – such as the proliferation of the cloud – to the way the treasury function has changed in recent times, corporate and bank treasurers find themselves with a wealth of options to choose from.
But... read more
11th July 2019
Over half a century on from the ATM’s birthday, headlines about ATMs closing at a record rate and the rise of so called ‘ATM deserts’ – areas where the cash dispenser is a rare sight – have not been in short supply.
ATMs under threat from rising costs
One of the main reasons why cash and ATMs are under threat is... read more
4th July 2019
Changing expectations among Small and medium enterprises (SMEs) will force banks to acquire new technology and drastically change their development culture, according to Louis Carbonnier, co-founder of SME insurance firm Hokodo.
SMEs have at times been left in a no man’s land, without insurance, funding, or proper services, says... read more