Wholesale / Commercial Banking Systems Insights
23rd September 2019
Bank profitability in Italy and in the euro area has improved from the post-crisis lows. However, for many banks, earnings are still below what is required by investors and the recent slowdown in economic growth could threaten the recovery of banks’ profits. Why is this a problem? Why does banks’ profitability matter overall, not only... read more
18th September 2019
In August, challenger bank Monzo announced it will begin offering short-term loans to its 2.5 million customers. This is an interesting move for the challenger bank, particularly considering the animosity felt towards many payday lenders following the collapse of Wonga last year.
In January 2015, the UK's Financial Conduct Authority (FCA)... read more
6th September 2019
“The two results of a proof of concept we conducted show that by using AI we could improve the hit ratio and lead to higher trading revenues while lowering costs,” Takumi Kitamura, chief financial officer at Nomura Holdings said on a conference call announcing the firm’s first quarter results in July. “[W}ith advances in... read more
4th September 2019
The negotiation of bespoke fallback clauses as firms weave their way through the transition from Libor presents a huge task, despite work by regulators and industry bodies to ease the process, according to fintech vendors.
While most standard fallback clauses are defined by the International Swaps and Derivatives Association (Isda), and the... read more
3rd September 2019
Open Banking should have been a huge opportunity for Europe’s payment service providers (PSPs), but so far a lack of unified standards, the absence of harmonised fraud reporting requirements as well as the confusion around strong customer authentication (SCA) has caused great unrest for those within payments.
In June, when the European... read more
29th August 2019
The Singapore market might not be ready for fully digital banks despite the city-state’s regulator announcing five digital banking licences this week, according to Doug Gyani, principal consultant at Principia.
“I think the interesting question here is, what is the demographic that responds well to that service level?” asks... read more
19th August 2019
Following the launch of its expenses management tool last week James Gibson, senior product owner of Revolut confirms the bank is pivoting more to the business banking sector.
“We see a lot of potential and opportunity for businesses in the UK and the rest of Europe. It’s of huge strategic importance to us,” he says.
... read more
24th July 2019
Société Générale (SocGen) appointed Anthony Woolley as head of innovation for the UK in October 2017. Bobsguide caught up with Woolley to discuss tech innovation in wholesale banking and choosing fintech partnerships.
How did you arrive at your current position?
Originally, I was a computer science graduate,... read more
23rd July 2019
The Fifth Anti-Money Laundering Directive (5AMLD) is set to have a big impact on the payments and wider financial services sector. 5AMLD is designed to further restrict access to financial services by criminals, strengthening transparency rules to prevent large-scale concealment of funds.
Amidst concerns over the terrorist threat, demands... read more
11th July 2019
Deutsche Bank will transfer its Global Prime Finance platform to BNP Paribas as part of the closure of its equities sales & trading business, according to Georgina Speight, Global Prime Finance’s lead technology manager at Deutsche Bank.
Upon hearing the news of the restructuring plan, Speight said on LinkedIn she was “excited to... read more