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Company Insights

SCA experimentation grows ahead of deadline

11th August 2020

Market participants are still struggling with aspects of strong customer authentication (SCA) ahead of the December 31 deadline, according to payment service providers (PSPs). “At the beginning it was very misunderstood from the perspective that it [was thought to be] the same as two-factor authentication, or something just about securing...
Pandemic sees '10-year' jump in new payment methods

7th August 2020

Mobile and other "alternative" payment methods have seen explosive growth since the start of the pandemic - with many in the industry expecting that trend to continue after the immediate crisis subsides. “We’ve seen two major things: one is the massive acceleration of adoption of both online payments and mobile payments in...
EU disclosure rules to shape ESG strategies

7th August 2020

Many European firms are unprepared for reporting under the Sustainable Finance Disclosure Regulation (SFDR), set to commence in March 2021. “There’s a little bit of the industry taking for granted what it now entails to be an [Environmental, Social and Governance] (ESG) fund or firm. Whether or not that causes people to shift their...
CFTC’s flexible capital requirements to benefit non-bank swap dealers

6th August 2020

The Commodity Futures Trading Commission (CFTC)’s latest ruling on capital requirements for swap dealers will favour watchful non-bank dealers, according to lawyers. “They’ve made this option that you can basically follow the bank rules and it will be interesting to see how many people choose to do that,” says Geoffrey...
UK’s new settlement system to support DLT

3rd August 2020

The Bank of England’s (BoE’s) new Real Time Gross Settlement (RTGS) system will be compatible with distributed ledger technologies (DLT), says BoE’s executive director for banking, payments and innovation Victoria Cleland. “It was decided a while ago in the program that we didn’t want to use DLT to build the new...
Traders keep eye on Libor transition

30th July 2020

Derivatives traders are on track to adopt new benchmark fallbacks ahead of the London Interbank Offered Rate (Libor) transition, with the pandemic bearing little impact on preparations. “We have personally not seen any slowdown because of coronavirus from our clients, whether it’s on the fallbacks per se or even other solutions they...
Roles lack clarity in Isda’s CDM

30th July 2020

Debate is growing over the implementation of the International Swaps and Derivatives Association’s (Isda’s) common domain model (CDM), as uptake remains slow nearly three years after the project’s launch. “Lack of standards creates a self-perpetuating mess,” says Daniel Schwartz, head of fintech and capital markets...
Options Technology COO: We’re a bridge between the public and private clouds

29th July 2020

As the pandemic caused an unprecedented market disruption, hedge fund liquidation surged in the first months of the crisis. Stevie Morrow, chief operating officer at Options Technology – a company that delivers full technology solutions to hedge funds and asset managers – explains how reliance on tech has skyrocketed over the past few...
Retail banks at odds over coronavirus impact

29th July 2020

High-street bank branches are here to stay as customers value speaking to bank staff in person, according to Metro Bank’s managing director of distribution, Ian Walters. “If you want to go in and talk to somebody face-to-face you can do so… We think it's really important to give customers the choice [between online and...
Survey: Capital markets participants evaluate cloud services

28th July 2020

Take the survey here.  As capital markets continue to deal with the impacts of the pandemic, firms face a crossroads in the development of their core tech infrastructure. Once cautious of the cloud, organisations are now flocking to cloud solutions amidst the promise of heightened security and lowered operational costs. But challenges...