Wholesale / Commercial Banking Systems Insights

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Video: Asset managers turn to data for multijurisdictional disclosure requirements

10th July 2019

Company: AxiomSL
Asset managers working across a variety of regimes are faced with an uphill struggle with the volume of data required to comply with shareholder disclosure rules, a panel told bobsguide recently. “Regulators are expecting a lot more detail generally. The Transparency Directive in the EU drove a push for greater transparency... read more
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What do consumers want to use Open Banking for?

8th July 2019

Company: Crealogix
In our recent survey of UK bank account customers, we found that only a third of respondents were aware of Open Banking, yet two thirds of the same overall consumer group are keen on the features that Open Banking promises to unlock. This is not as much of a contradiction as it sounds, because it’s just another example of how, as consumers,... read more
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Banks fall into FRTB lull

28th June 2019

Company: bobsguide
European banks are taking a relaxed approach to preparations for the Fundamental Review of the Trading Book (FRTB) thanks to the extension of the implementation deadline, according to a central bank and a market participant. “There is less rush with the FRTB implementation process as outlined by the revised Capital Reporting Requirements... read more
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bobsguide Awards 2019: Winners announced

25th June 2019

Company: bobsguide
It's with great pleasure that we announce the 2019 bobsguide awards - a collection of the very best in the fintech market this year. The bobsguide awards have been assessed based on the strength of tech updates and their impact on the client experience, and how the systems stand out in the marketplace. Several rounds of assessment... read more
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For issuers and acquirers, PSD2's impact will be felt differently

25th June 2019

Company: Featurespace
The exponential increase in non-cash transaction volumes and the ever-rising valuation and buyouts of payments groups reflect the incredible growth in cross-border and cross-channel commerce. Instant connectivity is redefining marketplace dynamics and its effect on the relationship between banks and merchants is undeniable. In this evolution,... read more
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Q&A: OakNorth CEO on hiring, growth, and preparing for a downturn

18th June 2019

Company: bobsguide
OakNorth CEO and co-founder Rishi Khosla speaks to bobsguide.  What drove you to create OakNorth? Joel and I started our first business in our 20s in 2002 – it was called Copal and did financial research outsourcing for investment banks, asset managers, PE firms, etc. About four years into that business, we were looking for... read more
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Simplified IBAN management crucial to banks and payment institutions

17th June 2019

Company: bobsguide
Banks, payments providers and those looking to move money across territories are looking to simplify their processes through clearer and integrated IBAN management solutions, according to Jürgen Schneider, managing director at ONPEX. “Major clients have come to us because they’ve wanted to have easy access to our multi-currency... read more
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The opportunity for open banking awareness has been missed

11th June 2019

Company: Crealogix
Considering it was heralded as one of the biggest revolutions in retail banking of recent times, consumer awareness of open banking remains disappointingly low in the UK. In new research conducted by CREALOGIX, two thirds of the 2,000 respondents questioned had no idea what open banking was or is. Furthermore, less than 8% of respondents regarded... read more
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OakNorth CEO: Defaults and downturn inevitable

3rd June 2019

Company: bobsguide
Small and medium sized enterprise (SME) lenders can expect defaults and losses as they aren’t fully prepared for a downturn, according to OakNorth co-founder Rishi Khosla. “A default is inevitable in the business cycle,” said Khosla, who was speaking at Money 20/20 in Amsterdam. Khosla is adamant that OakNorth will perform... read more
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Shipping industry in direct path of brewing OFAC storm

31st May 2019

Company: Accuity
By David Loeser, Senior Director of Product Strategy, Accuity Deceptive shipping activity is on the increase and is gaining the attention of US Department of the Treasury’s Office of Foreign Assets Control (OFAC). The office is responsible for issuing and enforcing sanctions based on US foreign policy, and recently updated its advisory... read more