Data Solutions Insights

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Can blockchain revolutionise accountancy?

9th November 2018

Company: bobsguide
Many industries have begun experimenting with blockchain—independent of Bitcoin.  In fact, the World Intellectual Property Organization handed out 406 blockchain patents in the last year alone. And while the fate of cryptocurrency is uncertain, the tech underlying it seems to have some interesting applications (along with some... read more
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Canada’s Tangerine utilises customer data to disrupt status quo

8th November 2018

Company: bobsguide
As the impact of GDPR continues to ruffle feathers with the European data protection supervisor, Giovanni Buttarelli, told Reuters to expect fines “by the end of the year.” While GDPR has profound consequences in Europe, its tremors are also provoking debate across the Atlantic. Justin Trudeau and StatCan were thrust into the data... read more
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Monzo API engineer backs Open Banking strategy

8th November 2018

Company: bobsguide
“People are going full Monzo,” said the bank’s founding API engineer, Simon Vans-Colina on the sidelines of Fin42, reacting to the statement that Monzo lacked the edge to become a primary account. “There’s a handy button in the Monzo app that lets you close your old account and bring everything over.” But... read more
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CUBE: FI culture obstructing regtech

8th November 2018

Company: bobsguide
The single biggest challenge for regtech adoption is reluctance to change culture, says Ben Richmond, founder and CEO of CUBE, the compliance firm. “It comes down to the fundamentals of sponsorship, and senior level leadership to drive transformation programs to look at the 15-20% of operating cost that is currently still on the rise... read more
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Retail and investment banks leveraging technology to stay ahead

7th November 2018

Company: bobsguide
Technology, competition, and regulation have put pressure on banks to evolve from lumbering giants to nimble financial ninjas. The transformation of investment and retail banks from their bloated pre-financial crisis operations has been fraught with stringent regulation of their activities and challenges from newcomers. In particular, fintechs and... read more
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Robotics “just one pillar” of American Express’s treasury automation strategy

6th November 2018

Company: bobsguide
Robotic Process Automation (RPA) is just one element of American Express’s treasury move to automation, the company’s vice president, payment strategies - global treasury McKay Colton told an audience at an industry conference in Chicago. “Robotics is one pillar of our automation journey,” said Colton, discussing the... read more
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Clearing standoff: US able to stand on its own in defence of trading ambition

6th November 2018

Company: bobsguide
The EU's softening in relation to clearing is typical brinksmanship of the commission, following its usual run book of international negotiations, says Mark Woolfenden, managing director of Euromoney TRADEDATA. “The clear facts of exchange trade analysis of the top five US exchanges, showed a significant amount of trade volume emanates... read more
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Cash forecasting challenges: increasing accounts receivable forecasting accuracy

26th October 2018

Company: CashAnalytics
Following on from our recent article on overcoming cash forecasting challenges, this piece focuses on the area that is often the most challenging, accounts receivable forecasting. For large corporates, forecasting accounts receivables is particularly challenging as the forecast figure is consolidated from a wide variety of inputs. In... read more
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Broadridge head of strategy outlines innovation by acquisition approach

24th October 2018

Company: bobsguide
Since 2007, Broadridge has announced the acquisition of 29 companies, three of which have been in 2018. At Sibos 2018 in Sydney, the company announced another newly acquired solution, a next generation, SaaS global asset servicing tool. The new solution looks to leverage cloud technology to address end to end asset servicing... read more
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BTCC CEO: Don’t assume blockchain is for real-world assets

24th October 2018

Company: bobsguide
Blockchain's primary use case remains the creation and movement of cryptocurrencies, said Bobby Lee, a board member of the Bitcoin Foundation and CEO of BTCC, at this year's Money20/20. “I see a big difference between cryptocurrencies like bitcoin and then the blockchain effort. We all know that blockchain is... read more