Risk Management Systems Insights
29th August 2018
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
16th August 2018
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
13th August 2018
Just 56% of UK firms believe they have sufficient cyber security skill in-house to deal with increasingly potent and mission critical cyber attacks.
Databarracks’ annual Data Health Check Survey questioned 400 IT decision-makers on a series of critical issues relating to their IT, security and business continuity practices.
“We... read more
10th August 2018
We're trying something different at bobsguide. Dave Beach talks through the most popular stories this week.
1. Banking-as-a-Service set to transform age-old model | fireside video chat with Sophie Guibaud, Fidor Solutions
2. Blockchain cross-border payments: the companies to watch for Q3 2018
(also take a look at... read more
9th August 2018
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
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
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
6th August 2018
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
2nd August 2018
“It should be better known as artificially inflated,” says Fabrice Brossart, CRO of AIG, upon discussing the role that Artificial Intelligence (AI) plays within the insurance giant.
A buzzword of many years, Brossart believes that there is not enough penetration into the various sectors of AI.
Chris Gledhill, a former Lloyds... read more
2nd August 2018
Cloud management platforms are technologies that are used to monitor and operate applications, services and data, which are situated on the cloud. In order to select the most effective cloud management software, one needs to pay close attention to a number of features: multiple cloud management (allows application to operate on multiple... read more