Banking innovation: incumbents hit back at challengers

20th September 2018

Company: bobsguide
Speaking at the Global Digital Banking Conference, Ruchir Rodrigues, managing director of digital banking at Barclays, took to the stage to deliver a presentation that the agenda described as ‘Digital Banking: Imagination to Execution’. “At Barclays the whole bank is digital,” he began, “you could say we’re... read more

A first look at the GIPS Standards 2020: What you need to know?

20th September 2018

Company: StatPro Group
Heavy regulation in an industry is usually synonymous with a large body of standards expected of its participants. Aviation, for instance, is loaded with rules and regulations on everything from cabin lighting to the number of flight hours permitted between engine overhauls. Partly as a response, virtually every facet of the industry –... read more

“Lack of skilled developers” may have led to Equifax breach

20th September 2018

Company: bobsguide
A market-wide lack of skilled developers could be the reason why hacks such as that which led to consumer reporting agency Equifax being fined by the Information Commissioner’s Office (ICO), according to research by software intelligence firm CAST. “The solution is not to rely on the ability to hire good developers so they write... read more

From the ground up: Building a compliance analytics program

20th September 2018

In the fight against financial crimes, today’s organizations must focus on building compliance programs that are increasingly driven by analytics. While PwC’s Global Economic Crime and Fraud Survey 2018 indicates that 42 percent of companies have increased their spending over the past two years to combat financial crime (an increase of... read more

As Brexit threatens, Absa Bank opens Africa to UK investors

19th September 2018

Company: bobsguide
Last week Absa Bank, one of Africa’s largest diversified financial services groups, launched its UK office.   The move supports the group’s ambition to open Africa to the UK and Europe as the preferred corporate and investment banking partner, even if trade relations between the UK and Europe seem to be heading for a no-deal; the... read more

Banks drive blockchain commodities platform

19th September 2018

Company: bobsguide
Announed on September 19, komgo SA aims to digitalise the commodities trading sector through a blockchain based open platform. The founders of the new venture include: BNP Paribas, Citi, ABN AMRO, Crédit Agricole Group, Gunvor, ING, Koch Supply & Trading, Macquarie, Mercuria, MUFG Bank, Natixis, Rabobank, Shell, SGS, and Societe... read more

Platformification and collaboration ensures survival

19th September 2018

Company: Finastra
Platformification throws up some interesting challenges for banks and collaboration is increasingly being seen as the emerging model to address existing gaps. Working with fintechs means that banks can offer new and attractive innovations to their customers quickly by curating fintech partners in an ecosystem that blends their creativity side by... read more

How using prepaid cards for remittances can grow financial inclusion in LatAm

19th September 2018

Company: Compass Plus
Remittances to Latin America are big business. According to research by The Dialogue, the value of remittances to 17 countries in the region grew by over 8% from 2016 to 2017, reaching over $75bn. This increase far exceeds the World Bank’s forecasted 1.2% economic growth for the entire region and, in terms of scale, remittance growth was... read more

Forward-looking banks go to market for fintech elevation

18th September 2018

Company: bobsguide
“There’s a reluctance,” said Hans Tesselaar, executive director of the Banking Industry Architecture Network (Bian), when asked about banks’ attitudes to opening up their systems to third party fintech vendors. “Why should you open up all your very sensitive bank account information to third parties when all... read more