Data Solutions Insights


UK's FCA/CMA banking surveys: fintechs given crucial market intelligence

16th August 2018

Company: bobsguide
As reported yesterday, the UK's Financial Conduct Authority (FCA) has enforced new rules requiring providers of personal and business bank current accounts to publish information on service quality twice yearly that will help customers to compare accounts from different providers. The survey data from the Competition & Markets Authority... read more

BoE: "Synchronisation innovative step for new Real-Time Gross Settlement"

15th August 2018

Company: bobsguide
The Bank of England (BoE) is looking to work with a range of organisations, including fintech firms, to explore the demand for implementing synchronised settlement in the renewed Real-Time Gross Settlement service.    During 2018 the Bank engaged with financial institutions, infrastructures, trade bodies, policy makers and fintech... read more

FCA and CMA release UK bank scores in line with Open Banking

15th August 2018

Company: bobsguide
The UK's Financial Conduct Authority (FCA) and Competition & Markets Authority (CMA) has released data on quality of service for the first time, marking a historic step for Open Banking and putting a mass of customer data in the hands of fintechs and comparison websites.  From today, banks must publish information on... read more

Top fintech mergers, acquisitions and partnerships of summer 2018

14th August 2018

Company: bobsguide
It's been a busy couple of months this summer for the fintech market. Here, we've recorded the top mergers, acquistions and partnerships since July 2018 in fintech, banking and payments. Tenemos, the banking software company and Venture lab at The American University in Cairo (August 13) Tenemos, the banking software company,... read more

Distress around fraud hits UK payments market

14th August 2018

Company: bobsguide
Consumers view fraud as part and parcel of the ecommerce experience, leading to security concerns in the payment industry while simultaneously pressing home the huge opportunity of anti-fraud solutions. According to the research conducted by Paysafe, 65% of consumers believe payment fraud is inevitable when it comes to ecommerce, up from 52%... read more

Employees aware of cyber threats but not acting upon it

13th August 2018

Company: bobsguide
Just 56% of UK firms believe they have sufficient cyber security skill in-house to deal with increasingly potent and mission critical cyber attacks. Databarracks’ annual Data Health Check Survey questioned 400 IT decision-makers on a series of critical issues relating to their IT, security and business continuity practices. “We... read more

More than three quarters of Asia-Pacific firms fear regulatory risk

9th August 2018

Company: bobsguide
Investment in data analytics may be the solution to concerns around regulatory uncertainty for Asia-Pacific-based financial market firms, according to a new survey by AxiomSL. 76% of the survey’s Asia-Pacific-based market participants are more concerned this year than last about their ability to comply with regulations. ... read more

Blockchain cross-border payments: the companies to watch for Q3 2018

7th August 2018

Company: bobsguide
This list is designed to highlight blockchain remittance, payment and settlement companies that are pioneering the use of distributed ledger technology (DLT) and blockchain. These companies recognise that for cryptocurrency to survive, the underlying technology must solve real world problems and frictions. A key space ripe for innovation, worth... read more

Libor alternatives (and the concerns they raise)

6th August 2018

Company: bobsguide
Dubbed “bigger than Brexit” by the Deutsche Bank treasurer, the shift away from the Libor benchmark is unprecedented. Ever since evidence emerged of ‘the Libor Scandal’ back in 2008, and particularly its role in the crisis, global regulators are eager to move away from the benchmark. Libor at a glance The London... read more

Banking-as-a-Service to transform age-old model

3rd August 2018

Company: bobsguide
“The benefit of Banking-as-a-Service (BaaS) is that it lowers costs and lets the organization focus on what matters most: the customers,” says Sophie Guibaud in this fireside interview. Guibaud who heads Fidor Solutions in Europe gives bobsguide the ins and outs of BaaS as well as explaining the practicalities of a bank transitioning to... read more