Wholesale / Commercial Banking Systems Insights


Why it’s important for travel to be SCA-ready

10th November 2020

Company: bobsguide
By Jean-Christophe Lacour, head of merchant services, payments, Amadeus It’s an unprecedented period in the history of the global travel industry, with the pandemic continuing to suppress the intrinsic demand for air travel that has helped the industry grow in the mid-to-high single digits, for each of the last ten years.  Clearly the... read more

Bank-fintech relationships in the dark until US election results declared

3rd November 2020

Company: bobsguide
The Office of the Comptroller of the Currency’s (OCC) newly issued true lender rule for bank-nonbank lending relationships faces potential Congressional Review pending tomorrow’s US election results. “This [true lender] rule coming out now and going into full effect between the election and the inauguration is something that... read more

FMIs face more cyber threats than ever but remain robust to attacks

14th October 2020

Company: bobsguide
Despite growing risks of cyberattacks and the need to switch to remote working, Financial Market Institutions (FMIs) adapted well to the crisis, according to speakers at Sibos. “FMIs could quickly move to the new mode of working, especially during volatile markets. It all went smoothly,” said Fiona Van Echelpoel, deputy... read more

Banks compel regulators and intermediaries to harmonise payments

6th October 2020

Company: bobsguide
Regulatory divergence and poor data quality continue to limit advancements in instant payments, according to a banking panel at Sibos today. “In terms of the instant and general payments, probably the biggest challenge today… is the difference in regulatory approach by every country,” said Bruno Mellado, global head of... read more

ICC pushes interoperability standards for trade digitisation

5th October 2020

Company: bobsguide
The International Chamber of Commerce (ICC) is working to standardise trade digitisation as pressure for interoperability mounts, according to Oswald Kuyler, managing director at the ICC. “A lot of these [trade] platforms are digital islands not because they choose to be, but because of the enormous challenges required to open them up.... read more

Why you need to prioritise KYC remediation in 2021

30th September 2020

Company: NorthRow
This year has been a year of change, with continued volatility and far reaching consequences for the way we do business. Customers are now transacting differently, meaning that the organisations that serve them need to be quick to adapt to market drivers and demands. A sign of the current challenges is an increase in the number of businesses... read more

ECB wants crypto alternative

30th September 2020

Company: bobsguide
Last week European Central Bank (ECB) president Christine Lagarde announced the central bank’s ambition to implement a digital euro. Lagarde’s statement shows the ECB is yet planning on staying ahead of big tech firms in the race for digital currencies, according to Paolo Ardoino, CTO at Bitfinex. “Tech giants are... read more

Payments errors hitting firms’ bottom lines

25th September 2020

Organisations in every sector are under pressure to do more with less in today’s current landscape. The uncertainty around the pandemic has meant businesses cannot afford to miss opportunities to free up their capital. This means it’s become imperative companies to find growth, streamline processes, save money, enhance service levels... read more

Older generations overlooked in banks’ digitisation efforts

7th September 2020

Company: Entersekt
Until recently, there was reluctance amongst some to embrace digital banking. And then the coronavirus spread. The pandemic has made many more people move to digital channels out of necessity. In their push to stay relevant, most banks have concentrated their digitisation efforts on the requirements of Gen Z and Gen Y, a growing potential... read more

US fintechs could look “seriously” at banking charters amidst OCC uncertainty

21st August 2020

Company: bobsguide
US fintechs may seek out full purpose banking licenses as litigation continues to cloud the Office of the Comptroller of the Currency’s (OCC’s) fintech charter. The issuance of a banking charter to digital bank Varo this month could inspire US fintechs to reconsider their strategies, according to Michael Breslin, partner and Fintech... read more