Wholesale / Commercial Banking Systems Insights
6th November 2018
Today HSBC customers in the US were notified of a breach of data that occurred last month. The cyber attack is supposed to have affected less than 1% of their US accounts, with evidence of an unauthorised log-on leaving some personal information accessible.
According to an Accenture report published in 2016, 59% of banks admit it takes... read more
6th November 2018
“APIs are new from a technological standpoint, but also what SWIFT has played for since inception,” said the company's head of standards, Stephen Lindsay, on the sidelines at Sibos 2018 in Sydney last week.
Application programming interfaces (APIs) are currently being rolled out across financial services to allow... read more
4th November 2018
The gap between the product and service offerings of the US’s biggest retail banks and its smaller community players is set to become much more pronounced, says Tyrone Canaday, managing director and global head of innovation at Protiviti – the New York based consultancy.
“You look at the budgets and the amount of... read more
1st November 2018
“On the topic of ‘challenger’ banks - while the underlying technology may be more adaptable, the requirement to do things differently to adhere to local regulations will ultimately end in the loss of competitive advantage; as opposed to building something in a much more homogenous environment where you only have to worry about one... read more
1st November 2018
Thousands of UK businesses were unable to process payments because of a network outage at the beginning of the week, with reports suggesting Worldpay encountered a temporary fault.
Such an incident illustrates how vendors and their partners must continually assess their infrastructure, says Dr Yannis Larios, Business Development Director... read more
31st October 2018
The data analysis conducted at the end of a cash forecasting process is where the insights are uncovered, and therefore where the real value is found.
Data visualisation (a process where data is displayed graphically) often helps to identify anomalies, highlight trends, and uncover insights in data that might otherwise have been missed.
This... read more
30th October 2018
There is satisfaction in swiping a flashy, eye-catching credit card to purchase goods. One of the first to break into mainstream usage, digital challenger banks have followed Monzo’s neon-coloured cards. The distinctive cards have come to symbolise those who are ‘in-the-know’ within social networks, privileged access, and low... read more
26th October 2018
Financial inclusion, or rather, exclusion, has long been a hot topic in personal finance circles. Ensuring individuals have fair and affordable access to financial products to suit their requirements is vital for improving equality and overall well-being. However, financial exclusion is increasingly becoming a concern for businesses. Post-recession... read more
23rd October 2018
As digital transformation sweeps through all areas of peoples’ lives, smart banks are recognizing that they too must transform or be left disastrously behind. But change, however critical, must always be balanced against its inherent risk. What does it mean to manage risk while functioning as a true digital bank?
As organizations try to... read more
22nd October 2018
Regtech organisations need to be honest about their capabilities, according to Nick Cook, head of regtech and advanced analytics at the UK's Financial Conduct Authority (FCA), during a panel discussion at this year’s Money20/20.
“Regtech was a convenient new buzzword, a couple of years ago. And I think we saw some early... read more