Services Insights

A fintech agreement between Cambodia and Singapore authorities provides an opportunity for the former’s underbanked and underbanked population, according to lawyers, while the vice president of both Cambodia and Singapore’s fintech associations says lessons can be learned from both central banks’ implementations of blockchain. ... read more

In 2017, the US joined the global move towards real-time payments (RTPs) with The Clearing House’s launch of the RTP system. Rapid take-up since then among the largest banks means the system now covers almost half of the total demand deposit accounts in the US. However, volumes remain low and many banks are still not connected. So,... read more

A number of large conglomerates with exposures in European commodity derivatives are still relying on manual processes such as Excel to collate data and comply with the second Markets in Financial Instruments Directive (Mifid II), according to lawyers. “Some of our clients have had to do it manually, so they’ve had to allocate people... read more

“APIs and ISO20022 are actually completely incompatible with one and other. You wouldn’t want a modern agile API using ISO 20022 standards because [the standard] is too thick and too heavy,” said Craig Ramsey, ACI’s head of real-time payments at an industry event this week in London. “It’s a very heavy weight... read more

The International Swaps and Derivatives Association (Isda)’s latest common domain model (CDM) will force much-needed convergence of distributed ledger technology (DLT) looking to assist in the derivatives market, according to Leo Labeis, co-founder and CEO of Regnosys, the firm responsible for the digital version of the CDM. “You... read more

Mastercard is struggling to give smaller firms the advice they need to navigate potential post-Brexit landscapes, said Scott Abrahams, group head of acceptance and emerging payments, on the sidelines of the PAY360 conference earlier this month in London. “[The challenge of Brexit] is important for the smaller customers because they are... read more

Time is running out to submit entries for the 2019 bobsguide Partnership Awards. With the deadline for submissions just five weeks away, nominations are building up, and the judging team is encouraging market participants to file entries soon to avoid disappointment in what is shaping up to be a hotly contested competition. The awards are... read more

Banks must start small and ensure that incremental development enables them to learn about their systems, while a sudden, “big bang” launch should be avoided at all costs. That’s according to DNB Bank’s senior IT project manager, Carla Padró. “You don’t actually need to have core systems integration... read more

Pressure is increasing on those challenger banks relying on venture capitalists and crowd funding, which will reach a “crunch point” in the next five years as the need to become profitable increases, according to Amir Nooriala, COO, OakNorth.    “As of January this year there are about 300... read more