Middle and Back Office Solutions Insights
6th August 2018
The global rise of instant payments corresponds with the demand for “instant everything.” Customers want an economy that is like everything else in their lives: frictionless, on demand, and most important of all, fast.
To meet this demand, central banking authorities everywhere are enabling their member banks with new directives... read more
3rd August 2018
“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
27th July 2018
Despite the hype still rife around blockchain, quantum computing threatens to undermine distribution ledger capabilities before they've even had a chance to disrupt the financial services.
"And that's before we mention our quantum computing," says Jason Kelley, the IBM Global Head of Blockchain, at the very end of an... read more
24th July 2018
Libor, the interest rate that reflects the general cost of unsecured borrowings by large banks, is the world’s most widely used benchmark rate. It is used in millions of contracts with an estimated gross notional of $370trn and is referenced by a wide range of financial products, from exotic derivatives to retail loans by all participants in... read more
18th July 2018
“The Innovation Arms Race analysis illustrates that the US, EU and UK need to be more focused and strategic in converting R&D dollars into impact and outcomes,” wrote Rosemarie Truman, CEO and founder of CAI, as the report was released.
The report aims to provide clarity into the global innovation landscape, identifying how... read more
18th July 2018
Client service is so integral to the DNA of some companies that they are renowned and revered for their service excellence. Online retailer Zappos, Nordstrom department store and sports outfitter REI come to mind, as does Rackspace, which has gone so far as to brand its “results-obsessed customer service” as Fanatical Support.
Yet,... read more
16th July 2018
https://www.accountancyage.com/2018/02/08/best-accounting-software-businesses-uk/When organizations think of financial transformation, it often involves adding some automation tools or hiring staff. Very rarely does it involve completely reforming the company while also reshaping the economics of an entire industry. Yet this is the story of... read more
13th July 2018
What is the tech budget for the world's fintech industry? Ever since finance and technology shook hands, entrepreneurs and innovators have spent the last two decades rapidly expanding the role of technology within finance and banking.
In recent years, that role has expanded no end, with collaboration between financial institutions and... read more
12th July 2018
At London Fintech Week, Cordelia Kafetz, head of the Bank of England’s Fintech Hub made clear the central bank’s position on cryptocurrencies and fintech innovation.
“We’ve been doing a lot of thinking on crypto assets,” said Kafetz, “back in 2014, we published some bulletins saying that crypto assets... read more
11th July 2018
In this fintalk, bobsguide speaks to Anders La Cour, CEO of Saxo Payments Banking Circle.
La Cour and Banking Circle are pioneers in adopting the financial utility model in order to drive down costs and increase efficiency for market participants.
Here, La Cour offers his opinion on how banks can reduce cost on cross-border payments as well... read more