Infrastructure 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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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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SWIFT eyes bigger role with API standardisation, says head of standards

7th November 2018

Company: bobsguide
“APIs are new from a technological standpoint, but also what SWIFT has played for since inception,” said the company's head of standards, Stephen Lindsay, on the sidelines at Sibos 2018 in Sydney last week. Application programming interfaces (APIs) are currently being rolled out across financial services to allow... read more
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HSBC moves to clean up data breach

6th November 2018

Company: bobsguide
Today HSBC customers in the US were notified of a breach of data that occurred last month. The cyber attack is supposed to have affected less than 1% of their US accounts, with evidence of an unauthorised log-on leaving some personal information accessible. According to an Accenture report published in 2016, 59% of banks admit it takes... 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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Treasury management does not need “bells and whistles”

6th November 2018

Company: bobsguide
The software market serving treasury managers requires fundamental change rather than many “flashy” offerings currently being provided by fintech players, according to Phil Beck, head of treasury management at Capital One – the US based banking and finance institution. “A lot of the fintech stuff I see out there is a lot... read more
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FCA data underlines need for flexible resourcing

6th November 2018

Company: bobsguide
For those who’ve seen it, complaints data published by the FCA for H1 2018 doesn’t make pleasant reading for banks and other financial providers. The total number of complaints reached a record level of 4.13 million, a 10% increase on the previous six months. This was the fourth successive half year increase. Once again, PPI was a... read more
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SWIFT eyes bigger role with API standardisation, says head of standards

6th November 2018

Company: bobsguide
“APIs are new from a technological standpoint, but also what SWIFT has played for since inception,” said the company's head of standards, Stephen Lindsay, on the sidelines at Sibos 2018 in Sydney last week. Application programming interfaces (APIs) are currently being rolled out across financial services to allow... read more