Wholesale / Commercial Banking Systems Insights

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Commerzbank’s Weitzel: Germany looks to lead Europe with blockchain legislation

1st October 2019

Company: bobsguide
The German Federal Ministry of Finance’s proposal to legislate for blockchain technology is an example of how German policy makers and regulators are looking to move ahead of the rest of Europe, according to Enno-Burghard Weitzel, cluster lead trade finance, Commerzbank. “Companies and regulators are waking up, no longer is... read more
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Ripple builds liquidity capabilities

1st October 2019

Company: bobsguide
US-based Ripple is ramping up its instant liquidity capabilities in a bid to stand out in the increasingly competitive cross-border payments sphere, and has been on an acquisition spree to build back end capabilities.  “We’ve been ramping up our efforts around On-Demand Liquidity,” says Amir Sarhangi, vice president of... read more
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Delatinne: RippleNet clients' exposure to XRP fluctuations minimal

30th September 2019

Company: bobsguide
Ripple customers looking to utilise the firm’s on-demand liquidity capabilities are not impacted by fluctuations in the company’s crypto asset, XRP, according to its global head of banking, Marjan Delatinne. “[T]he technology is designed to cater for the requirements needed for high volume low value payments, so the exposure on... read more
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Appetite for digitisation

27th September 2019

Company: Comarch Finance
SMEs are no longer just traditional outlets manufacturing goods and then selling them on local markets. With constant technological progress and stiff competition, many new start-ups expand their business activity and go global. They grow in wealth, number and significance: according to Accenture, only in the UK SMEs constitute 99.9 percent of... read more
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Fraud a natural fit for AI applications

26th September 2019

Company: bobsguide
Detection of fraudulent activity in the payments world is the perfect place for artificial intelligence to blossom, according to Riteesh Singh, senior vice president at Finastra and Joël Winteregg, CEO and co-founder of NetGuardians. The pair were speaking on the side lines of Sibos in central London this week, after announcing a... read more
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Deloitte's Jackson: Generic transaction monitoring rules wasteful

26th September 2019

Company: bobsguide
Firms must go back to basics and simplify transaction monitoring and know your customer (KYC) processes, according to Katie Jackson, a partner at Deloitte. “Firms are conducting a huge amount of transaction monitoring, they might be running generic rule sets not tailored [ones]… they are running retail rules over a commercial or an... read more
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Bitcoin futures market heats up

26th September 2019

Company: bobsguide
Bitcoin futures have been trading for almost two years now – but the marketplace for those trades has been a relatively quiet one. Both the derivatives marketplace CME Group and the Chicago Board Options Exchange (CBOE) introduced rival futures products in December 2017. Yet after a tepid uptake, CBOE abruptly announced it would be... read more
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From traditional to digital, Petr Baron on transforming TBI from bank to challenger

26th September 2019

Company: Provenir
Banking as an industry is changing, with innovative tech-savvy businesses both entering the market and emerging from what were traditional financial services organisations. In Europe, the second payments services directive (PSD2) has created a wave of opportunity for banks to offer a range of new products and services – but the rules are... read more
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Deutsche Bank’s Sewing: EU tech investment crucial to combat slowdown

25th September 2019

Company: bobsguide
Europe's stuttering markets must do more to attract investment in technology according to Christian Sewing, chief executive officer at Deutsche Bank. “We simply aren’t that interesting anymore for many investors in companies,” said Sewing at the Sibos conference in London this week. “We must be alert that... read more
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What London’s new electric taxi tells us about digital disruption

25th September 2019

Passing the Gresham Technologies stand at the banking industry’s annual Sibos conference this week you’d be entitled to wonder why a brand new London black cab dominates the view. In fact, it’s there not just to serve as a useful ad-hoc meeting room, but as a symbolic reminder to conference attendees of the power of... read more