Retail Banking Systems Insights
17th May 2018
GDPR outlines six principles that organizations need to abide by. These principles aren't new - they were already outlined in the 1995 directive, but GDPR has revised them slightly. We delve into each principle below:
1. Lawfulness, fairness and transparency
Our last blog, on Legal Bases, falls within this principle. Controllers... read more
14th May 2018
Following years of new regulations, nobody in the financial sector is particularly keen on new rules. Since Dodd Frank and its related slew of regulatory and reporting requirements, the very thought that regulations could become more demanding should send shivers down the spine of anyone working in the market. Not least regulators – who have... read more
11th May 2018
Two hotly anticipated legislations of 2018, PSD2 and GDPR, are products of a new digital dawn.
The former was met with wholehearted embrace from a host of third party fintech startups and the wider banking community who envisioned a more customer-centric and competitive Open Banking sector; ripe ground for healthy innovation.
The regulators... read more
11th May 2018
Canada’s developing retail banking sector has acknowledged that digital advances can reshape the market, offering a wider array of services to millennials who expect better customer experiences, says Simon Howard, director of business development UK and Canada, Talkingtech.
However, the rate of change differs across each banking... read more
10th May 2018
"We took our eye off the ball," Kirsty Rutter, chief innovation officer of Barclays UK, tells bobsguide in this podcast, "and it was a gift."
Rutter goes on to discuss how the challenger banks spotted the gap in the market, executed excellent customer-centric strategies with fantastic technology.
It was a time to... read more
9th May 2018
Having remained relatively unchanged for many generations, the cross border payments map is being transformed. The forces driving change are coming from all angles, entirely reshaping the landscape, and drawing a new map.
New entrants are changing expectations and demand. Large global banks are retreating from their traditional correspondent... read more
8th May 2018
International treasury and fintech – what’s holding us back? In recent years, the biggest financial players with the strong, established corporate relationships have sought to adopt new technologies in the pursuit of better processes to revolutionise business performance.
Recently, Barclays has been reported to be discussing opening... read more
4th May 2018
Today's editor's picks looks at the Open Banking picture: how the industry is currently managing the initative, how they are reacting to PSD2's fallout and what provisions they are taking for a future driven by Open Banking.
Barclays PayPal pact goes beyond Open Banking
Barclays has announced a new strategic... read more
4th May 2018
On average the populations of major Western societies are getting older. In the UK, in less than two years, the number of consumers aged 65 or over will rise by over a million and in little over 20 years one in seven people will be over 75 years of age.
While this will bring challenges for the economy as a whole, this will be a demographic tidal... read more
2nd May 2018
Barclays has announced a new strategic partnership with PayPal in the UK and US that is designed to enable customers to manage and use respective accounts together with greater ease, for the first time.
It suggests a move with serious industry implications.
Commenting on the partnership in an announcement, Ashok Vaswani, Barclays UK CEO,... read more