Treasury Management Systems Insights
25th June 2019
If you are a payments firm, you are no doubt very conscious that onboarding checks for merchants need to be undertaken painstakingly to meet current regulatory and legal requirements, covering both the business ’KYB’ and individual ‘KYC’ checks. At the same time, however, there are requirements for rapidity and cost control... 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
18th June 2019
Extreme remote banking – a term encompassing the provision of banking services to extremely remote, rural communities – should be a key focus for every UK retail bank right now.
There are potential ramifications of new legislation on banks as well as ethical reasons for banks maintaining access to financial services for small... 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
Considering it was heralded as one of the biggest revolutions in retail banking of recent times, consumer awareness of open banking remains disappointingly low in the UK. In new research conducted by CREALOGIX, two thirds of the 2,000 respondents questioned had no idea what open banking was or is. Furthermore, less than 8% of respondents regarded... read more
3rd June 2019
Small and medium sized enterprise (SME) lenders can expect defaults and losses as they aren’t fully prepared for a downturn, according to OakNorth co-founder Rishi Khosla.
“A default is inevitable in the business cycle,” said Khosla, who was speaking at Money 20/20 in Amsterdam. Khosla is adamant that OakNorth will perform... read more
31st May 2019
By David Loeser, Senior Director of Product Strategy, Accuity
Deceptive shipping activity is on the increase and is gaining the attention of US Department of the Treasury’s Office of Foreign Assets Control (OFAC). The office is responsible for issuing and enforcing sanctions based on US foreign policy, and recently updated its advisory... read more