Retail Banking Systems Insights


US OCC fintech charter to change banking landscape

15th August 2018

Company: bobsguide
The new ruling that will see the US Office of the Comptroller of the Currency (OCC) begin accepting national charter applications from fintech firms – essentially granting tech-first companies bank-like status – could see agile, progressive entities enter the market. “The OCC has truly opened a window for all those 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

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

Carney says BoE stress-testing worst possible no-deal Brexit scenario

9th August 2018

Company: bobsguide
Less than eight months to go before the UK is scheduled to leave the EU and the government has still not reached a deal with Brussels, raising the possibility of the country leaving the bloc without any formal agreement. In an interview with the UK's BBC radio, Mark Carney, governor of the Bank of England (BoE), says that a no deal, with... read more

Dodd Frank rollback: now is the time for regtech to shine

8th August 2018

Would the 2008 financial crisis have occurred if the original Dodd Frank had been in place? This was one such question posited by the audience in yesterday’s live webinar, looking ahead at how the proposed adjustments to the Dodd Frank Act will shape bank strategy and in turn, fintech strategy. “I don’t believe so,”... read more

SME lending: “Application to funding must be digital”

7th August 2018

Traditional lenders have steered clear of the SME market in recent years – but that’s changing. What was once considered an unprofitable sector, incumbents and new market participants have started to look to SME funding as the next big growth area. But the market has high expectations. Bobsguide spoke with William Wagner, vice president... read more

The buyer’s market: transaction management software solutions

6th August 2018

Company: bobsguide
Managing and monitoring transactions has always been crucial for any organisation, but with the slew of regulations to have reshaped markets over the past few years, the compliance requirements that have come with them have set the bar high in terms of administration and governance. From Mifid II to PSD2 and GDPR, the regulations have been felt... read more

Evolving your fraud strategy for the instant payments economy

6th August 2018

Company: Feedzai
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

Customers buy homes - they don’t buy mortgages

3rd August 2018

The unprecedented success of service-oriented companies such as Airbnb, Amazon and Uber has made it clear that for many of today’s customers, experience is a vital part of the product. While that does not mean that an inferior product can be hidden by wrapping it in a superior experience, it does reinforce customers’ growing preferences... read more

Data breaches: app security under threat

2nd August 2018

In July news broke that a person’s data on a well-known mobile payment service app could be seen publicly. In case you missed it, a researcher analysed over 200 million publicly available transactions made using the money-sharing app. Her aim was to draw attention to the amount of information that can be gathered using peer-to-peer apps.... read more