Wholesale / Commercial Banking Systems Insights
11th June 2020
Insurers face new threats as impact of coronavirus challenges tech stacks and complicates customer contracts.
While the shock of the pandemic is being felt across all industries, insurers are grappling not only with the need to revamp legacy technology, but the potential loss of trust from customers who rely on them for support as the lockdown... read more
22nd May 2020
Relationships between cryptocurrency institutions and traditional banks will bolster crypto’s legitimacy, market participants predict.
“It appears the reputable, blue chip coins finally have a hard-won place in the mainstream. Institutional grade exchanges finally being accepted into the old boys’ club will do wonders for... read more
21st May 2020
Fintech firms expect it will take over a year for their sectors to bounce back from the impacts of the coronavirus, according to a bobsguide survey conducted in April and early May.
But while most respondents reported a negative impact from the pandemic – with a sudden drop in sales and quick re-structuring of their business models –... read more
20th May 2020
B2B payments may finally see widescale innovation according to some market participants, with both Visa and Mastercard bolstering their business payments services this month.
“We’ve seen a huge amount of interest in innovation in general at this stage,” says Paul Raymond, director of strategic relationships, Conferma Pay. The... read more
12th May 2020
UK challenger banks and non-bank lenders could see more SME client acquisitions from offering the government’s Bounce Back Loans (BBL) and Coronavirus Business Interruption Loan Scheme (CBILS), says Kirsty McGregor, founder and chairman, The Corporate Finance Network (CFN). But those unable to adapt may fall out of the ecosystem.
“I... read more
12th May 2020
As companies adjust to remote working and unprecedented drops in revenue, cash management becomes the chief concern for business continuity, says John Byrne, owner and CEO, Salmon Software.
Effective cash management is reliant on strong treasury management systems (TMS) with a focus on data integration and automation of services.
... read more
7th May 2020
Incumbent banks have slashed profits to prepare for corporate defaults because they aren’t flexible and agile enough to manage their books with confidence, according to Barbanel.
An article by the Financial Times estimated that banks had built a cumulative total of $50bn in reserves to cover coronavirus-related losses, with HSBC funnelling... read more
1st May 2020
Faster and real-time payments are more relevant that ever says Ed Adshead-Grant, general manager of payments at Bottomline Technologies.
“There is both money in and money out so that there are two sides to the transaction and for any economy, any UK PLC to compete, they need beyond doubt real time payments.”
“Just look at... read more
24th April 2020
On April 7, 2020, the Financial Conduct Authority (FCA) published its business plan for 2020/2021. Understandably, the FCA’s main immediate focus is to continue to address the challenges presented by the coronavirus emergency. However, that is not the whole story and the FCA is not planning to relax its business-as-usual efforts, although,... read more
20th April 2020
The coronavirus pandemic and the lockdown measures are affecting lives nearly everywhere on the planet.
Banks are playing a crucial role in how our societies respond and progress through these unprecedented times.
As their technology partner, we salute and support the tremendous work being done by banks to protect colleagues... read more