Risk Management Systems Insights

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How ISVs and ISOs can control the customer experience without the risk

18th September 2018

What’s the main thing that payment facilitators have that ISVs and ISOs don’t? They control the merchant experience in ways that ISOs and ISVs can’t. Why? Risk decisioning lies with the payment facilitator. A great customer onboarding experience can be characterized by speed and ease, but the underlying drivers are how long it... read more
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Risk sharing and risk reduction in the euro area banking sector: progress and next steps

18th September 2018

Company: Prometeia
The mantra of the European authorities when talking about the completion of the Banking Union is that there needs to be risk reduction in the banking sector before introducing further mechanisms of risk sharing. What form of risk sharing might this take and what are the risks that banks need to reduce? Risk sharing according to the European... read more
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Eyesclear CEO: “Outside of all this existing software, there is a whole world evolving. Banks are not able to grasp that”

17th September 2018

Company: bobsguide
The regtech market is growing, and will become of increasing importance for financial institutions in the months to come. But for Erkin Oksel, CEO of regtech organisation EyesClear, an ingrained culture is preventing banks from investing in technological innovation. “The people in the banks should be appraised and should be supported when... read more
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Fintech tackles op risk

17th September 2018

Company: bobsguide
Organisations are met with operational risk wherever they turn. On the one hand, they encounter risks relating to employee behaviour, third parties, statistics and controls. On the other, equally important cultural, moral and ethical risks are also causing disruption. And everywhere they look, companies are faced with risks associated with ordinary... read more
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Account reconciliation software: making the right choice

13th September 2018

Company: bobsguide
Account reconciliation is the act of cross referencing a company’s financial records with those of an external source such as a bank or other financial institution to make sure that they match up. On the surface, this doesn’t seem like a particularly arduous or even important process, but it is one of the key pillars of any good... read more
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Challengers must seize Open Banking opportunity

7th September 2018

The open banking world has been greeted with mixed reactions, with enthusiasts pointing to better improved customer propositions and sceptics concerned about security. But few could disagree that the new measures place the customer in a solid position of power. With the CMA ranking banks on the quality of their service and banks required to share... read more
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Banking report: industry embraces AI

5th September 2018

Company: bobsguide
Across financial services artificial intelligence (AI) is no longer the stuff of the future. It has been embraced by banks supported by third party fintechs, providers, and technology departments within banks keen to use their own resources to drive their use of the robotic process automation (RPA) and machine learning (ML). And while some... read more
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Case study: Nasdaq's troubleshooting to transformation

30th August 2018

Company: NASDAQ OMX
Imagine taking a broker from 1869, stuffing them into a time machine and winding the clock forward by 100 years. Stepping out onto the exchange, they would be looking out on a familiar sight. The method for taking buy and sell orders and physically trading stock would be pretty much the same. Move forward a couple more years to 1971 however and... read more
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"Gross negligence" accusations rife in bank transfers

29th August 2018

Company: bobsguide
The UK's Financial Ombudsman Service (FOS) has released a statement addressing fairness in scam complaints made against banks. Caroline Wayman, Chief Ombudsman wrote that banks often blame their customers of "gross negligence" despite "gross negligence" being more than just customer carelessness and incorrect account... read more
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5 impacts the OCC ruling could have for bank CTOs

16th August 2018

Company: bobsguide
The US OCC will soon be accepting applications from non-deposit taking fintech organisations to operate as banks on a nationwide basis, and early predictions suggest many firms will seize the opportunity. The ruling could shake up the retail and business banking sectors but there could be significant changes for fintech buyers. Here’s just... read more