Data Solutions Insights

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Marcus Treacher: Ripple open to collaboration with big fintechs

23rd October 2018

Company: bobsguide
Nearly a year has passed since Ripple spoke to bobsguide in late 2017, and 2018 has proven to be a big year for the blockchain cross-border payments startup.  At Swift's flagship Sibos conference in Sydney, Australia, Ripple's head of strategic accounts, Marcus Treacher, discussed the firm's strategy going forward into... read more
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Banks "struggling" to employ hackers

23rd October 2018

Company: bobsguide
Mikhail Sosonkin, a Russian hacker and security specialist told a panel at Money 20/20 that most hackers don’t want to work for banks.  “A lot of hackers tend to have the mentality of wanting their own freedom. They want to have this uncontrolled aspect in their work and to be able to make their decisions themselves.... read more
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Early engagement gives banks chance to lead quantum revolution

23rd October 2018

Company: bobsguide
If blockchain and distributed ledger technology is only just being spoken about from an application point of view in financial services, then the fledgling science behind quantum computing (QC) has an uphill struggle on its hands. “As an industry, there is a feeling that the digital revolution was missed somehow,” said Dr Stacey... read more
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Mifid II: asset managers "hearing from the regulators"

23rd October 2018

Company: bobsguide
“The regulatory burden on a financial institution operating in multiple regimes - plus Brexit - is incredibly large,” said Harry Chopra, chief client officer of AxiomSL on the sidelines of Sibos 2018 in Sydney, Australia. “You get regulatory fatigue at some point,” said Chopra.  Educating the industry is therefore... read more
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Ethereum co-founder: Decentralise central banks to foster greater trust

22nd October 2018

Company: bobsguide
The world's central banks should consider a decentralised approach to economic management, said Ethereum blockchain co-founder and current CEO of ConsenSys, Joseph Lubin, at Sibos 2018 in Sydney.  “I see physical cash as fundamentally analogue in that it represents a central bank’s issuance which is... read more
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FCA: Regtechs must be realistic about their capabilities

22nd October 2018

Company: bobsguide
Regtech organisations need to be honest about their capabilities, according to Nick Cook, head of regtech and advanced analytics at the UK's Financial Conduct Authority (FCA), during a panel discussion at this year’s Money20/20. “Regtech was a convenient new buzzword, a couple of years ago. And I think we saw some early... read more
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Finastra CTO: Data is the "big play" in firm’s new SaaS payment solution

22nd October 2018

Company: Finastra
Finastra revealed its cloud-based instant payments offering for small and mid-sized banks at Sibos 2018 today, in Sydney, Australia. The Fusion Global PAYplus packaged solution - which has a release date of Q2 next year - will enable tier three and four financial institutions in the EU and US to enjoy the benefits... read more
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4 ways to ensure Open Banking doesn't become the next Cambridge Analytica

18th October 2018

Company: bobsguide
The Open Banking Initiative, brought in by PSD2 on January 13, heralded the start of a new dawn. A key proponent of European Banking Authority (EBA), Financial Conduct Authority (FCA) and Competitions & Market Authority (CMA) policy, the permissioned release of customer data to third parties (TTP) from the incumbent custodians has already... read more
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Suburbia founder: Startup or corporate, you're doing data wrong

17th October 2018

Company: bobsguide
The world’s biggest banks and corporations still rely on archaic data sources which haven't improved in decades, according to Hamza Khan, founder of alternative data provider Suburbia. "Data is expensive, it's slow, it's often out of date before it's even released.  We think we can do better with alternative... read more
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Open Banking fuels rise of BaaS

17th October 2018

Company: ONPEX
The financial services industry is well used to the as-a-service suffix. A service offered to incumbents by a variety of specialist third parties as well as the preferred model of operating for agile challengers, banking-as-a-service (BaaS) has grown in popularity -and looks set to solve some age-old pain points. And the BaaS revolution may... read more