Insights

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Sanctions compliance: a fresh warning for the air cargo industry

29th May 2018

Company: Accuity
Recent news that a Maersk company carried arms components from North Korea to Egypt - in violation of international sanctions - acts as a fresh warning for those facilitating global trade to be diligent in monitoring and reporting suspicious activity. The transportation of electrical components by a Maersk subsidiary, which had the potential to be... read more
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When worlds collide: ISO 20022 meets JSON

29th May 2018

In recent years we have seen the rapid progress of two independent developments in the payments space, namely the transition to the ISO 20022 standard and the rise of API-based interfacing. Now we see these two streams beginning to merge. The transition to ISO 20022 has largely been driven by the modernisation projects of major payment... read more
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The transaction security landscape: new mandates, new challenges

25th May 2018

Company: Credorax
As consumer adoption of mobile and online commerce channels continues to grow, fraud losses are becoming a major pain point for mature markets. To address this security challenge, strong customer authentication will become mandatory in the European Union. Even without regulatory mandates, the problem is significant enough for providers to take... read more
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Navigating Basel: how innovative lending strategies can maintain competitive advantage

25th May 2018

The deluge of regulations to have hit financial markets since the banking crisis has without a doubt completely reshaped the industry. As well as the burdensome nature of reporting obligations as regulators have attempted to create more transparent markets, capital requirements have fundamentally changed the makeup of each bank and lending... read more
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Towards a CFO-CRO collaboration model: the real challenges for banks

24th May 2018

Company: Prometeia
Bank internal functions related to risk (CRO) and finance (CFO) nowadays have become key actors for a huge amount of regulatory and management/market requirements. Recent regulatory requirements, for instance, ask banks to develop comprehensive stress exercises which necessarily involve skills from risk management, planning and accounting... read more
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The pillars of evaluating core upgrades and conversion

24th May 2018

Company: Finxact
I recently met with the senior team of a large bank that is evaluating a conversion to a modern core banking system. They articulated an interesting perspective of how they viewed their “core processing”. This in turn resulted in us discussing what “core processing” really means to their bank. Asking what “core... read more
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Dodd-Frank rollback: now is the time for fintech to show real value

23rd May 2018

Company: bobsguide
Fintech initiatives at banks and financial institutions could be set to thrive, as the US prepares to roll back the Dodd-Frank Act say lawyers. The Senate voted to repeal the act earlier this year, and on May 22 Congress also did so. Should President Trump – a vocal critic of Dodd-Frank – give consent to regulators to start the... read more
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Cyber warfare in payments gets intelligent

23rd May 2018

Company: bobsguide
Artificial intelligence has come on leaps and bounds in the past few years, with big data and cyber security adding much to financial service firms’ means of protection. Here, bobsguide speaks with Nezar Nassr, technical product manager and Nasser Sweileh, head of financial crime and compliance risk, product development management, of... read more
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Top payment processing software solutions

22nd May 2018

Company: bobsguide
It’s virtually impossible to run a business of any kind without access to a dynamic payment processing solution. The needs of global firms and start-ups alike have advanced far beyond the payment software that managers used to rely on to stay on top of traditional merchant account activities. Much of that demand stems from the introduction... read more
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One in five Americans think their payments will be completely cashless in their lifetime

22nd May 2018

"When America sneezes, the world catches cold," is a phrase economists have latched onto for decades, and one that has featured in headlines since the banking crisis. And the phrase continues to be relevant when applied to the banking industry. Often trends are identified in the US that are then seen in Europe and across the rest of the... read more