Risk Management Systems Insights
5th December 2018
The insurance market is fully embracing artificial intelligence (AI) in a bid to drive cost efficiencies, according to Craig Beattie, senior analyst at Celent, the research and advisory firm.
There are three key factors leading insurers to utilise AI, said Beattie, at FinTech Connect: “An increase in processing power, an increase in data... read more
29th November 2018
Within the world of buy-side operations, you may be led to believe that simply putting some software in the cloud is the answer to all your infrastructure problems. Many software vendors, consulting firms, hosting cloud service providers and a whole array of other organisations (many with vested interests) have passionately proclaimed the benefits... read more
27th November 2018
The run up to the second Markets in Financial Instruments Directive (Mifid II), which came into force on January 3 this year, posed challenges for all involved. Market participants gawped at the new compliance requirements. The European Securities and Markets Authority (Esma) – the body assigned the task of penning the directive –... 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
23rd November 2018
There has been a significant increase in credit risk in the EU this year, while US banks face increased regulatory risk in the months ahead.
That’s according to research and credit specialists at S&P Global Market Intelligence, speaking at an event this week in London.
“Across Europe, at the beginning of the year, on a... read more
22nd November 2018
Banking Identification Number (BIN) sponsorship is a quick shortcut for many companies looking to get their proposition to market both domestically and overseas. BIN sponsorship allows firms to process payments through an intermediary that is a direct scheme member.
Why not go direct? Direct scheme membership is often costly, time consuming and... read more
21st November 2018
Multinational corporations are familiar with some of the obstacles involved with intercompany commerce. Foreign exchange risk, transaction quantities, and stagnant payment approvals can be expensive. In the realm of treasury management systems, a netting system can be the perfect solution. The following 2-part series will cover the basics of a... read more
20th November 2018
"Critical" work conducted by infrastructure organisations – which provide aggregating services for Open Banking protocols – is being overlooked, says Iain McDougall, Stripe’s UK & Ireland country manager. It comes at a time when parts of the banking community have reacted differently to Europe’s Payments... read more
20th November 2018
The transition to the use of digital tools in private banking is drawn by inefficiencies experienced by private bankers. If not dealt with, they will likely impact client satisfaction aside from making the private banker less productive. At the outset, qualified and experienced private bankers are very limited. And the problem is training private... read more