Retail Banking Systems Insights
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
30th April 2018
The financial sector, while forging ahead in other areas of digital transformation, has been relatively slow to adopt the cloud and there has been good reason for it: banks have to deal with highly sensitive data, so sharing data storage and computer resources with others may in some cases not even be envisaged, let alone adopted.
However, just... read more
23rd April 2018
The world of consumer banking is becoming more democratic, as the old banking powers begin to lose their grip and their monopolies.
The latest Open Banking regulations have signalled a subtle shift in the world of consumer banking. New competitors are being allowed to compete in a marketplace long dominated by a select few financial... read more
20th April 2018
After the financial crisis and particularly in Europe, recently, where the second Markets in Financial Instruments Directive (Mifid II) aimed to encourage transparency in the markets, many financial institutions were caught under wider, more stringent banking regulations. Without the necessary infrastructure around new compliance and reporting... read more
18th April 2018
While Brexit deliberations remain the overbearing concern for the financial services industry BBVA-backed fintech Denizen is attempting to calm those nerves by looking at maintaining that today’s markets are international in nature, transgressing the political arena.
“We’re all inhabitants of this world. Our finances and... read more
12th April 2018
A lack of clarity over the potential products and services spawning from the open banking revolution will make it difficult for the industry to prepare for how the market will change.
“I don’t think there’s anyone that can tell you what kind of services will be delivered off the back of these APIs,” says Nick White, vice... read more
12th April 2018
Compliance with legislation is a basic condition for all businesses. However, few industries are as regulated as the financial sector. Since the financial crisis, the volume of regulations has grown exponentially, and market participants now find themselves operating in a minefield of various legal rules.
The Fourth Anti-Money Laundering... read more
11th April 2018
The Islamic banking and finance industry has been growing at a rapid rate over the last decade – around twice the pace of its conventional counterpart – with the number and geographic reach of these institutions increasing exponentially. The industry’s assets stood at $2trn in 2015 and are expected to top $3.5trn by 2021 according... read more
10th April 2018
The Futures Industry Association (FIA) – the industry body representing organisations active in the trading and clearing of listed derivatives and over-the-counter (OTC) derivatives – says members are looking into how blockchain and distributed ledger technology (DLT) can be used to their advantage.
Greg Wood, senior vice president... read more
5th April 2018
While banking and financial institutions in many corners of the globe have embraced the benefits technology has brought to the sector in recent years, Sharia-compliant fintech solutions are quickly catching up.
That’s according to a report published last year by research firm Wamda Research Lab, which states that in the Middle East and... read more