2008-2018: Assessing the impact of global AML & sanctions fines

4th October 2018

Company: Fenergo
Since the financial crisis started in 2008, institutions around the world have had to deal with regulation after regulation being introduced to increase transparency and to create a safer, robust and more transparency transparent financial system. Between 2009 and 2012 alone, more than 50,000 regulations were published across the G20, with almost... read more

Enterprise cloud strategy: When it’s time to move from on demand to dedicated cloud 

3rd October 2018

On demand clouds have created new business models and changed companies' IT strategies. For many applications and workloads there are alternatives which better suit the individual "use cases".   Every few months, a study is published that examines to what extent the cloud will change enterprise IT in the... read more

Banking services “unbundling” in fintech market

2nd October 2018

Company: bobsguide
At the recent Amazon Web Services FS Insight conference, Jonno Southam, venture capital business development manager at AWS led a panel with Jai Juneja, head of tech investment at Seekventures and Kartik Varma, co-managing director at the Barclays Accelerator. The conversation focused on how fintechs are investing, as the panellists identified... read more

Interview: Inside the mind of a Monzo engineer

2nd October 2018

Company: bobsguide
Monzo prides itself on creating a bank that “lives on your smartphone”. IT is part of it’s DNA. 2018 may infamously serve as a period of IT meltdowns in banking. More and more, the tech function at banks is not only an innovative luxury but increasingly business critical. To understand how the digital-first challenger keeps... read more

Fintechs scale up to take on incumbents

1st October 2018

Company: bobsguide
The great unbundling of the financial services industry continues in earnest as new market participants enter with increasing frequency. Their stated goal is to solve the problems that incumbent services are either too lethargic to handle or simply unable to provide. But it might be too easy to jump to the battle between big, slow bank... read more

Crime costs rise as fintechs rely on “old school” security measures

1st October 2018

Company: bobsguide
The cost of fraud to financial services increased by 9.3% over 2017, according to research conducted by LexisNexis Risk Solutions. For every $1 stolen by fraudsters, it costs financial services firms $2.92 in fees compared to $2.67 last year. Further, the level of fraud as a percentage of revenue has moved upwards from 0.95% to 1.53% on average. ... read more

Why it’s time to streamline accounts payable

1st October 2018

Paper-driven accounts payable (AP) processes are still with us, even though the date on the calendar says we’re approaching the third decade of the 21st century. That’s a problem because having such a central business process clogged up with paper has a negative impact. After all, in a paper world, an invoice can sit in an inbox for... read more

UK “concerned” about Open Banking

28th September 2018

Company: bobsguide
More than three quarters of the UK are concerned about sharing financial data with organisations other than their bank, according to a recent poll by market research body, YouGov. Of those surveyed, 77% said they were concerned around data sharing, with 45% saying they didn’t understand the benefits of Open Banking, and a large number of... read more

How to set up a cash forecasting process: a practical guide

28th September 2018

Company: CashAnalytics
Designing and rolling out any new reporting process in a large organization can be challenging. In any multinational company, a new process will inevitably require input from many people across multiple locations. In addition, the number of departments that need to be coordinated (IT, finance, treasury, etc.) can make collaboration difficult. ... read more

Asset managers still feeling Mifid II research squeeze

27th September 2018

Company: bobsguide
Nine months into the second Markets in Financial Instruments Directive, asset managers are still feeling the pinch around research. The directive prohibits unpaid research leading to a trade. This means that all research costs are absorbed by the firm, through a research payment account (RPA) by clients, or leverage credit support annex (CSA)... read more