Technology never stands still: there’s always an innovation waiting in the wings to become the latest buzz words for CIOs. This perpetual change means that the IT world is in a constant state of flux, with a conveyor belt of technologies appearing to improve performance. Whether you’re improving on existing capabilities or going about... read more
This week the Foreign Account Tax Compliance Act (FATCA) celebrated its one year anniversary of coming into force.
FATCA is a US regulation which requires foreign financial institutions (FFIs) to identify and report certain information to the Internal Revenue Service (IRS) regarding US accounts. When FATCA first came into effect on 1 July 2014,... read more
Businesses are leveraging big data to transform their processes and inform their strategic planning. The transformation takes time to implement but its effect is significant, not least in the finance department, where the efficacy of systems based on multiple mixed ledgers has long been questioned and found wanting.
The advantages of combining... read more
It was recently revealed that 18 percent of the six billion cyber attacks analysed in 2014 were targeted at the financial services sector. The 2014 Global Threat Intelligence Report by Solitary highlighted that the attacks are commonly coming in the shape of phishing and spear-phishing attacks. As well as the external threats highlighted... read more
Barclaycard has unvelied three wearable devices that can be used to make transactions at 300,000 locations across the UK.
The new contactless range consists of a wristband, key fob and sticker which bank customers will be able to use to make payments at high street shops and to make transactions in locations such as Transport for London.
The... read more
For the first time in my 25+ year capital markets technology career, a group that traditionally has had the clunkiest systems and the smallest budget is suddenly in the spotlight – post-trade trade reporting. Historically, there was no P&L benefit to speeding up or radically improving post-trade reporting – once trades were... read more
Cybersecurity is the focus for regulatory commissions at the moment as last week, the European Parliament, Council and the Commission, also known as the Trilogue, had a meeting in order to reach agreements about the General Data Protection Regulation (GDPR).
According to The National Law Review, EU legislators are in talks to implement the GDPR... read more
According to a report by Accenture and Partnership Fund for New York, the US saw a 191 per cent increase in fintech investment last year, which helped global investment figures to triple.
The report shows that the US market dominated the $12.2bn global investment in financial technology last year, with the value of fintech in the states hitting... read more
As the enterprises appetite for cloud computing increases, there are some significant barriers that can prevent cloud adoption. While companies may be prepared for contractual negotiations with third party cloud providers, they face another complexity in the form of regulatory requirements from processing personal data to securing data to... read more
Six members of the European Automated Clearing House Association (EACHA) have joined forces to deliver optimised processing services for SEPA transactions.
The newly formed European Clearing Cooperative (ECC) has been founded by DIAS, Equens, Iberpay, ICBPI, KIR, and TRANSFOND, in order to help strengthen interoperability and increase efficiency... read more