Wholesale / Commercial Banking Systems Insights

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HSBC moves to clean up data breach

6th November 2018

Company: bobsguide
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
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SWIFT eyes bigger role with API standardisation, says head of standards

6th November 2018

Company: bobsguide
“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
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US retail banking: Gap growing between giants and community players

4th November 2018

Company: bobsguide
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
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Deutsche Bank’s Striano: Challengers face “loss of competitive advantage”

1st November 2018

Company: bobsguide
“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
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Payments outages suggest retail value chain must be reassessed

1st November 2018

Company: bobsguide
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
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How to analyse cash forecasting data: tips on data visualisations

31st October 2018

Company: CashAnalytics
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
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Marketing savvy digital challengers segment banking

30th October 2018

Company: bobsguide
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
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The growth of small and medium excluded enterprises (SMEEs)

26th October 2018

Company: Banking Circle
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
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How banks can walk the line between digital transformation and risk

23rd October 2018

Company: Feedzai
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
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FCA: Regtechs must be realistic about their capabilities

22nd October 2018

Company: bobsguide
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