Emma Olsson

Latest content from Emma Olsson

Upcoming CME closures pressure unprepared firms
Insurance

Upcoming CME closures pressure unprepared firms

9m | By Emma Olsson, Reporter

Upcoming CME closures pressure unprepared firms

Firms are running out of time to switch reporting platforms and trade repositories (TR) as the closure date for CME Group’s NEX/Abide looms. &ld...

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Bank-fintech relationships in the dark until US election results declared
Banking

Bank-fintech relationships in the dark until US election results declared

9m | By Emma Olsson, Reporter

Bank-fintech relationships in the dark until US el...

The Office of the Comptroller of the Currency’s (OCC) newly issued true lender rule for bank-nonbank lending relationships faces potential Congression...

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Esma’s stress tests catching out asset managers
Asset management

Esma’s stress tests catching out asset managers

9m | By Emma Olsson, Reporter

Esma’s stress tests catching out asset managers

The European Securities and Markets Authority’s (Esma) new stress tests expose a lack of preparation among asset managers, highlighting the importance...

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Challenger banks may re-evaluate business models
Banking

Challenger banks may re-evaluate business models

9m | By Emma Olsson, Reporter

Challenger banks may re-evaluate business models

Lack of sustainability threatens challenger bank longevity, according to a panel at Money 2020 Moneyfest yesterday. “Of course companies have to be pr...

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Bigtech M&A threatens B2C fintechs, not B2B
Banking

Bigtech M&A threatens B2C fintechs, not B2B

9m | By Emma Olsson, Reporter

Bigtech M&A threatens B2C fintechs, not B2B

While bigtech acquisitions may hurt B2C fintechs, B2B startups will continue to grow through bank partnerships, a Money 20/20 Moneyfest panel argued y...

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Traders and venues urged to prepare for non-equivalence
Trading & brokering

Traders and venues urged to prepare for non-equivalence

9m | By Emma Olsson, Reporter

Traders and venues urged to prepare for non-equiva...

With Brexit looming, politicians and trading market participants are growing increasingly sceptical of equivalence between EU and UK trade reporting. ...

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Pressure rises for small banks to improve liquidity visibility
Banking

Pressure rises for small banks to improve liquidity visibility

9m | By Emma Olsson, Reporter

Pressure rises for small banks to improve liquidit...

As financial institutions adapt to the pandemic, business continuity planning (BCP) has emerged as a key area of improvement for banks of all sizes. W...

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Data challenges persist with SFTR buyside go-live
Insurance

Data challenges persist with SFTR buyside go-live

10m | By Emma Olsson, Reporter

Data challenges persist with SFTR buyside go-live

With the Securities Financing Transactions Regulation (SFTR) for the buyside now live, reconciliation issues linger from July’s implementation date. “...

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Congress faces criticism over bigtech M&A analysis
Insurance

Congress faces criticism over bigtech M&A analysis

10m | By Emma Olsson, Reporter

Congress faces criticism over bigtech M&A analysis

According to Scott Marcus, senior fellow at think tank Bruegal, the House of Representatives antitrust subcommittee’s report on bigtech mergers ...

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Sibos panel: “revolution” in payments will be in data
Payments

Sibos panel: “revolution” in payments will be in data

10m | By Emma Olsson, Reporter

Sibos panel: “revolution” in payments will be in d...

“Data-only transactions already dwarf payment transactions and that will just increase tenfold over the next few years, both at the domestic payment s...

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Survey: Fintechs adapt to pandemic six months on

Survey: Fintechs adapt to pandemic six months on

10m | By Emma Olsson, Reporter

Survey: Fintechs adapt to pandemic six months on

Please take the one minute survey here. In April, bobsguide took to the market and asked fintechs to tell us how coronavirus had impacted their b...

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Banks compel regulators and intermediaries to harmonise payments
Payments

Banks compel regulators and intermediaries to harmonise payments

10m | By Emma Olsson, Reporter

Banks compel regulators and intermediaries to harm...

Regulatory divergence and poor data quality continue to limit advancements in instant payments, according to a banking panel at Sibos today. “In terms...

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ICC pushes interoperability standards for trade digitisation
Trading & brokering

ICC pushes interoperability standards for trade digitisation

10m | By Emma Olsson, Reporter

ICC pushes interoperability standards for trade di...

The International Chamber of Commerce (ICC) is working to standardise trade digitisation as pressure for interoperability mounts, according to Oswald ...

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Lack of tech standards complicates audit
Accounting

Lack of tech standards complicates audit

10m | By Emma Olsson, Reporter

Lack of tech standards complicates audit

Despite advantages, technological advancements could complicate the already complex shared audit process, according to a panel of accountants during a...

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Market risk looms following Esma equivalence announcement
Trading & brokering

Market risk looms following Esma equivalence announcement

10m | By Emma Olsson, Reporter

Market risk looms following Esma equivalence annou...

With Brexit negotiations still pending, the European Securities and Markets Authority (Esma) risks perpetuating instability with an extended European ...

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Payments sector warns of continued cyber threats
Insurance

Payments sector warns of continued cyber threats

10m | By Emma Olsson, Reporter

Payments sector warns of continued cyber threats

The payments industry must be wary of vulnerable tech builds as cyber threats are predicted increase, according to a director of incident management a...

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Accountants encourage tech investment despite pandemic uncertainty
Treasury

Accountants encourage tech investment despite pandemic uncertainty

10m | By Emma Olsson, Reporter

Accountants encourage tech investment despite pand...

Accountants must invest in long term technological change, according to a panel of accountants and tech providers during an Accountancy Age webinar ye...

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Video: Insurers turn to tech amid disruption and payouts
Insurance

Video: Insurers turn to tech amid disruption and payouts

10m | By Emma Olsson, Reporter

Video: Insurers turn to tech amid disruption and p...

Insurers are embracing technology as the pandemic continues to disrupt the industry, but interest in partnerships does not yield immediate implementat...

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Q&A: RTGS Global founder talks liquidity visibility for banks
Banking

Q&A: RTGS Global founder talks liquidity visibility for banks

11m | By Emma Olsson, Reporter

Q&A: RTGS Global founder talks liquidity visibilit...

With financial institutions around the world facing liquidity challenges during the pandemic, efficient settlements and liquidity visibility have move...

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Risk tech vendors raise volatility concerns
Treasury

Risk tech vendors raise volatility concerns

11m | By Emma Olsson, Reporter

Risk tech vendors raise volatility concerns

Risk management tech vendors debated pandemic-triggered market risks outlined by the European Securities and Markets Authority (Esma) last week, inclu...

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CAT vendors discourage piecemeal solutions
Trading & brokering

CAT vendors discourage piecemeal solutions

11m | By Emma Olsson, Reporter

CAT vendors discourage piecemeal solutions

Tech vendors are urging market participants to adopt end-to-end consolidated audit trail (CAT) solutions as phased deadlines complicate implementation...

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US banks call for federal data sharing standards
Banking

US banks call for federal data sharing standards

11m | By Emma Olsson, Reporter

US banks call for federal data sharing standards

Federal data protection standards must be created to allow open banking to take off in the US, said Abishek Gupta, head of BBVA Open Platform, BBVA du...

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Report: Securities industry in the dark over CSDR
Trading & brokering

Report: Securities industry in the dark over CSDR

11m | By Emma Olsson, Reporter

Report: Securities industry in the dark over CSDR

With a further delay to the EU’s Central Securities Depositories Regulation (CSDR) just announced, market participants and tech vendors face an uncert...

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FIs to increase focus on climate risk management
Treasury

FIs to increase focus on climate risk management

11m | By Emma Olsson, Reporter

FIs to increase focus on climate risk management

The pressure is on for financial institutions (FIs) to adopt climate risk models as regulators and shareholders zero in on environmental, social and g...

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US fintechs could look “seriously” at banking charters amidst OCC uncertainty
Banking

US fintechs could look “seriously” at banking charters amidst OCC uncertainty

11m | By Emma Olsson, Reporter

US fintechs could look “seriously” at banking char...

US fintechs may seek out full purpose banking licenses as litigation continues to cloud the Office of the Comptroller of the Currency’s (OCC’s) fintec...

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Data bias shrouds personalisation in insurance
Insurance

Data bias shrouds personalisation in insurance

12m | By Emma Olsson, Reporter

Data bias shrouds personalisation in insurance

The insurance industry continues to face a crisis of trust while attempting to make advances in customer personalisation, according to market particip...

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Incumbent banks favour inhouse AI development
Banking

Incumbent banks favour inhouse AI development

12m | By Emma Olsson, Reporter

Incumbent banks favour inhouse AI development

Large incumbent banks are more likely to build artificial intelligence (AI) capabilities inhouse rather than outsource them, according to Kevin Levitt...

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SCA experimentation grows ahead of deadline
Banking

SCA experimentation grows ahead of deadline

12m | By Emma Olsson, Reporter

SCA experimentation grows ahead of deadline

Market participants are still struggling with aspects of strong customer authentication (SCA) ahead of the December 31 deadline, according to payment ...

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EU disclosure rules to shape ESG strategies
Asset management

EU disclosure rules to shape ESG strategies

12m | By Emma Olsson, Reporter

EU disclosure rules to shape ESG strategies

Many European firms are unprepared for reporting under the Sustainable Finance Disclosure Regulation (SFDR), set to commence in March 2021. “The...

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CFTC’s flexible capital requirements to benefit non-bank swap dealers
Trading & brokering

CFTC’s flexible capital requirements to benefit non-bank swap dealers

12m | By Emma Olsson, Reporter

CFTC’s flexible capital requirements to benefit no...

The Commodity Futures Trading Commission (CFTC)’s latest ruling on capital requirements for swap dealers will favour watchful non-bank dealers, accord...

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UK’s new settlement system to support DLT
Banking

UK’s new settlement system to support DLT

1y | By Emma Olsson, Reporter

UK’s new settlement system to support DLT

The Bank of England’s (BoE’s) new Real Time Gross Settlement (RTGS) system will be compatible with distributed ledger technologies (DLT), ...

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Traders keep eye on Libor transition
Trading & brokering

Traders keep eye on Libor transition

1y | By Emma Olsson, Reporter

Traders keep eye on Libor transition

Derivatives traders are on track to adopt new benchmark fallbacks ahead of the London Interbank Offered Rate (Libor) transition, with the pandemic bea...

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Roles lack clarity in Isda’s CDM
Asset management

Roles lack clarity in Isda’s CDM

1y | By Emma Olsson, Reporter

Roles lack clarity in Isda’s CDM

Debate is growing over the implementation of the International Swaps and Derivatives Association’s (Isda’s) common domain model (CDM), as ...

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SMCR delay may provide regtech opportunities
Banking

SMCR delay may provide regtech opportunities

1y | By Emma Olsson, Reporter

SMCR delay may provide regtech opportunities

The UK Financial Conduct Authority’s (FCA’s) delay of the Senior Managers and Certification Regime (SMCR) may grant new opportunities for ...

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Insurers respond to FCA criticism in High Court case
Insurance

Insurers respond to FCA criticism in High Court case

1y | By Emma Olsson, Reporter

Insurers respond to FCA criticism in High Court ca...

Lawyers representing UK insurers began their oral submissions today as the Financial Conduct Authority’s (FCA’s) High Court test case cont...

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FCA lawyer: insurers “studiously avoiding” impact of pandemic
Insurance

FCA lawyer: insurers “studiously avoiding” impact of pandemic

1y | By Emma Olsson, Reporter

FCA lawyer: insurers “studiously avoiding” impact ...

Lawyers for the Financial Conduct Authority (FCA) presented inconsistencies in UK insurers’ cases this morning during the second day of the...

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Challenges remain for buyside as SFTR nears
Asset management

Challenges remain for buyside as SFTR nears

1y | By Emma Olsson, Reporter

Challenges remain for buyside as SFTR nears

While most sellside firms are prepared for phase one of the Securities Financing Transaction Regulation (SFTR) to commence on July 13, complications r...

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Volcker Rule change inspires tepid optimism
Banking

Volcker Rule change inspires tepid optimism

1y | By Emma Olsson, Reporter

Volcker Rule change inspires tepid optimism

As the US startup community celebrates the recent Volcker Rule reform, some worry the change could impair the banking system as it recovers from recen...

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US equities to experiment with DLT integration in settlements
Treasury

US equities to experiment with DLT integration in settlements

1y | By Emma Olsson, Reporter

US equities to experiment with DLT integration in ...

The US equities market may see a combined digital ledger technology (DLT) and legacy settlement solution, as accelerated settlements gain importance. ...

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App vulnerabilities on the up as banks add new features
Banking

App vulnerabilities on the up as banks add new features

1y | By Emma Olsson, Reporter

App vulnerabilities on the up as banks add new fea...

An increase in mobile banking application features may make them more vulnerable to fraud, experts say. According to Nikolay Anisenya, mobile applicat...

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Emerging risks present opportunities for insurtechs
Insurance

Emerging risks present opportunities for insurtechs

1y | By Emma Olsson, Reporter

Emerging risks present opportunities for insurtech...

Insurtechs are well suited to address emerging risks ignored by traditional insurers, some market participants suggest. According to Sabine VanderLind...

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Asset managers to increase regulatory outsourcing
Trading & brokering

Asset managers to increase regulatory outsourcing

1y | By Emma Olsson, Reporter

Asset managers to increase regulatory outsourcing

Regulatory hurdles remain the greatest challenge for asset managers, who will look to outsource compliance burdens as the pandemic eases according to ...

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Debate emerges over cloud concentration risk
Asset management

Debate emerges over cloud concentration risk

1y | By Emma Olsson, Reporter

Debate emerges over cloud concentration risk

Questions remain over concentration risk amongst cloud providers, following a recent European Securities and Markets Authority (Esma) consultation on ...

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Q&A: Pay.UK’s chair on the future of retail payments
Payments

Q&A: Pay.UK’s chair on the future of retail payments

1y | By Emma Olsson, Reporter

Q&A: Pay.UK’s chair on the future of retail paymen...

Before chairing Pay.UK, the UK’s standard setting body for retail payments, Melanie Johnson chaired The UK Cards Association – now part of UK Finance ...

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Firms embrace virtual business solutions
Banking

Firms embrace virtual business solutions

1y | By Emma Olsson, Reporter

Firms embrace virtual business solutions

While the lockdown has normalised business via web conferencing tools, financial services are being curtailed as institutions are unable to transfer s...

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BMO MD: CAT should not see further delays
Treasury

BMO MD: CAT should not see further delays

1y | By Emma Olsson, Reporter

BMO MD: CAT should not see further delays

The consolidated audit trail (CAT) must move forward despite remaining data privacy concerns, says Joe Wald, managing director, BMO Capital Markets. “...

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Digital gap widens between traditional banks and challengers
Banking

Digital gap widens between traditional banks and challengers

1y | By Emma Olsson, Reporter

Digital gap widens between traditional banks and c...

The gap in digital performance continues to grow between traditional banks and challengers as the pandemic exposes incumbents’ inability to adapt. Mar...

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Report: Insurance industry takes tech and trust hit
Banking

Report: Insurance industry takes tech and trust hit

1y | By Emma Olsson, Reporter

Report: Insurance industry takes tech and trust hi...

Insurers face new threats as impact of coronavirus challenges tech stacks and complicates customer contracts. While the shock of the pandemic is being...

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Automation reconciliation services are coming on leaps and bounds
Insurance

Automation reconciliation services are coming on leaps and bounds

1y | By Emma Olsson, Reporter

Automation reconciliation services are coming on l...

For many, their reconciliation software has become part of the office furniture – sat in the corner, not upgraded or even reviewed in years. But...

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FCA stokes confusion surrounding safeguarding practices
Trading & brokering

FCA stokes confusion surrounding safeguarding practices

1y | By Emma Olsson, Reporter

FCA stokes confusion surrounding safeguarding prac...

The UK’s Financial Conduct Authority (FCA) is unclear on guidance to safeguard customers’ funds, says Bob Lyddon, chairman of the Associat...

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Finastra CSO: Regulators risk inhibiting open banking
Banking

Finastra CSO: Regulators risk inhibiting open banking

1y | By Emma Olsson, Reporter

Finastra CSO: Regulators risk inhibiting open bank...

Regulators are stifling open banking innovation and competition according to Akber Jaffer, chief strategy officer, Finastra. “When financial instituti...

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UK startups face uncertainty following Future Fund launch
Asset management

UK startups face uncertainty following Future Fund launch

1y | By Emma Olsson, Reporter

UK startups face uncertainty following Future Fund...

Despite a rapid influx of applications, claims have emerged that the UK’s Future Fund will exclude the majority of startups and favour venture c...

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Crypto exchanges welcome traditional bank relationships
Banking

Crypto exchanges welcome traditional bank relationships

1y | By Emma Olsson, Reporter

Crypto exchanges welcome traditional bank relation...

Relationships between cryptocurrency institutions and traditional banks will bolster crypto’s legitimacy, market participants predict. “It appears the...

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Survey report: Fintechs expecting slow recovery from market turmoil
Treasury

Survey report: Fintechs expecting slow recovery from market turmoil

1y | By Emma Olsson, Reporter

Survey report: Fintechs expecting slow recovery fr...

Fintech firms expect it will take over a year for their sectors to bounce back from the impacts of the coronavirus, according to a bobsguide survey co...

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Pandemic spurs modernisation and competition within B2B payments
Payments

Pandemic spurs modernisation and competition within B2B payments

1y | By Emma Olsson, Reporter

Pandemic spurs modernisation and competition withi...

B2B payments may finally see widescale innovation according to some market participants, with both Visa and Mastercard bolstering their business payme...

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Tech competition will hinder digital identity adoption

Tech competition will hinder digital identity adoption

1y | By Emma Olsson, Reporter

Tech competition will hinder digital identity adop...

With banks and financial services closing physical branches and large parts of the population unable to leave their homes, organisations are hoping to...

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UK fintech lenders to benefit from BBL, CBILS
Banking

UK fintech lenders to benefit from BBL, CBILS

1y | By Emma Olsson, Reporter

UK fintech lenders to benefit from BBL, CBILS

UK challenger banks and non-bank lenders could see more SME client acquisitions from offering the government’s Bounce Back Loans (BBL) and Coronavirus...

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Open banking could see monopolies emerge

Open banking could see monopolies emerge

1y | By Emma Olsson, Reporter

Open banking could see monopolies emerge

Areas of the market in which open banking protocols are implemented without standards could risk seeing new bank monopolies emerge, according to Paul ...

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Cash is king and automation rules
Treasury

Cash is king and automation rules

1y | By Emma Olsson, Reporter

Cash is king and automation rules

As companies adjust to remote working and unprecedented drops in revenue, cash management becomes the chief concern for business continuity, says John...

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UK government under pressure to legislate “Wild West” of biometrics
Insurance

UK government under pressure to legislate “Wild West” of biometrics

1y | By Emma Olsson, Reporter

UK government under pressure to legislate “Wild We...

The UK government needs to create rules around biometric technologies to determine how they are used, said Hugh Milward, director of corporate, extern...

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ESG data management under spotlight as investments grow

ESG data management under spotlight as investments grow

1y | By Emma Olsson, Reporter

ESG data management under spotlight as investments...

With reports of Environmental, Social and Governance (ESG) investing on the rise amid a drastic drop in oil prices, ESG data is facing scrutiny both f...

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UK insurers face lawsuit as government role remains uncertain

UK insurers face lawsuit as government role remains uncertain

1y | By Emma Olsson, Reporter

UK insurers face lawsuit as government role remain...

The UK insurance industry is under fire from small businesses and hospitality market participants as details of business interruption pay-outs remain ...

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Report: Quants restrategise after markets plummet
Insurance

Report: Quants restrategise after markets plummet

1y | By Emma Olsson, Reporter

Report: Quants restrategise after markets plummet

Quant funds have had a hectic month. Many notable quants – Millennium, DE Shaw, Two Sigma – suffered losses at the end of March, lead...

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Podcast: CBILS and SME lending in a crisis with OakNorth
Accounting

Podcast: CBILS and SME lending in a crisis with OakNorth

1y | By Emma Olsson, Reporter

Podcast: CBILS and SME lending in a crisis with Oa...

Since the announcement of the UK’s Coronavirus Business Interruption Scheme (CBILS) for SMEs on March 23, businesses, lenders and the government...

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Tech startups express concern over UK's Future Fund scheme
Payments

Tech startups express concern over UK's Future Fund scheme

1y | By Emma Olsson, Reporter

Tech startups express concern over UK's Future Fun...

Designed to support tech startups through the coronavirus crisis, the UK government’s convertible loan scheme leaves many small companies withou...

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Remote ID verification sees pandemic boom
Banking

Remote ID verification sees pandemic boom

1y | By Emma Olsson, Reporter

Remote ID verification sees pandemic boom

Digital identity verification could become the norm in financial services as social distancing halts in-person identification, according to Andersen C...

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Challenger banks tested by pandemic
Banking

Challenger banks tested by pandemic

1y | By Emma Olsson, Reporter

Challenger banks tested by pandemic

Initially posited as organisations with the upper hand in the coronavirus pandemic, challenger banks could face difficulties ahead with a decline in l...

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UK mortgage lockdown to spur spike in tech solutions
Asset management

UK mortgage lockdown to spur spike in tech solutions

1y | By Emma Olsson, Reporter

UK mortgage lockdown to spur spike in tech solutio...

New mortgage tech solutions could see increased usage as the UK property market enters partial lockdown. “I think like any digital business, we&...

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Digital-focused insurtechs may thrive amidst threat to incumbents
Insurance

Digital-focused insurtechs may thrive amidst threat to incumbents

1y | By Emma Olsson, Reporter

Digital-focused insurtechs may thrive amidst threa...

Insurtechs may suffer short-term losses from the coronavirus outbreak, but stand to gain in the long-term due to an increased need for digital offerin...

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Survey: Fintech sector responds to pandemic
Payments

Survey: Fintech sector responds to pandemic

1y | By Emma Olsson, Reporter

Survey: Fintech sector responds to pandemic

Take the one minute survey here. The coronavirus outbreak and the economic downturn it has spurred leaves many fintech businesses in a state of uncert...

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Pandemic raises concerns over SCA deadline
Banking

Pandemic raises concerns over SCA deadline

1y | By Emma Olsson, Reporter

Pandemic raises concerns over SCA deadline

The European payments industry may not be prepared to reach the deadline for strong customer authentication (SCA) as it attempts to mitigate the coron...

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SFTR delay may spur consolidation of regtech solutions
Asset management

SFTR delay may spur consolidation of regtech solutions

1y | By Emma Olsson, Reporter

SFTR delay may spur consolidation of regtech solut...

The delay to the launch of the Securities Financing Transactions Regulation (SFTR) will lead to further aggregation of regtech solutions, some provide...

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ESG fund investment grows amidst coronavirus and oil turmoil
Treasury

ESG fund investment grows amidst coronavirus and oil turmoil

1y | By Emma Olsson, Reporter

ESG fund investment grows amidst coronavirus and o...

Environmental, social and governance (ESG) funds may see a continued spike in investment as oil prices crash, despite the Securities and Exchange Comm...

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Coronavirus update: challenger bank agility provides advantage over incumbents
Banking

Coronavirus update: challenger bank agility provides advantage over incumbents

1y | By Emma Olsson, Reporter

Coronavirus update: challenger bank agility provid...

Incumbent banks may struggle to adapt to the impact of coronavirus as remote working and customer services falter. Commentators say these challenges c...

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AI sector reacts to increased policy oversight and market uncertainty
Banking

AI sector reacts to increased policy oversight and market uncertainty

1y | By Emma Olsson, Reporter

AI sector reacts to increased policy oversight and...

Despite extreme economic uncertainty, policy makers continue attempts to regulate artificial intelligence (AI) as tech vendors adapt to the latest gui...

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Custodians and counterparties hinder DLT adoption
Banking

Custodians and counterparties hinder DLT adoption

1y | By Emma Olsson, Reporter

Custodians and counterparties hinder DLT adoption

Blockchain’s place in capital markets remains uncertain as it threatens custodian revenues and raises questions over counterparties' roles,&...

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Digital assets not always financial instruments, blockchain consultants agree
Asset management

Digital assets not always financial instruments, blockchain consultants agree

1y | By Emma Olsson, Reporter

Digital assets not always financial instruments, b...

Blockchain technology should be regulated as data rather than a financial instrument, according to a panel of lawyers and policy consultants at a Lond...

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Regulators and supervisors divide over third-party concentration risk
Banking

Regulators and supervisors divide over third-party concentration risk

1y | By Emma Olsson, Reporter

Regulators and supervisors divide over third-party...

Financial regulators and supervisors are struggling to establish an approach to concentration risk among third-party suppliers, as the use cases for o...

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Supervisors playing catch-up over tech adoption
Trading & brokering

Supervisors playing catch-up over tech adoption

1y | By Emma Olsson, Reporter

Supervisors playing catch-up over tech adoption

Regulatory supervision must evolve to cope with the speed of innovation within financial services, policy makers, supervisors and regulators agree. A ...

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Report: Crypto industry divides over 5AMLD
Payments

Report: Crypto industry divides over 5AMLD

1y | By Emma Olsson, Reporter

Report: Crypto industry divides over 5AMLD

Crypto businesses face a wake-up call following the European Union’s fifth Anti-Money Laundering Directive’s (5AMLD) January 10 deadline, ...

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Brexit prompting consolidation between traditional banks and challengers
Banking

Brexit prompting consolidation between traditional banks and challengers

1y | By Emma Olsson, Reporter

Brexit prompting consolidation between traditional...

Brexit is forcing challenger banks to grapple with thin profit margins, as some experts predict greater consolidation in the market. “Brexit def...

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Banks embrace external tech to replace in-house systems
Trading & brokering

Banks embrace external tech to replace in-house systems

1y | By Emma Olsson, Reporter

Banks embrace external tech to replace in-house sy...

Banks will seek external software solutions as in-house tech debts increase, according to vendors trying to reduce tech spend. According to Robert Coo...

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Incumbent banks’ money management apps face rocky future
Banking

Incumbent banks’ money management apps face rocky future

1y | By Emma Olsson, Reporter

Incumbent banks’ money management apps face rocky ...

Large banks are struggling to develop money management apps to rival challengers, according to Mark O’Keefe, Payments Systems Regulator (PSR) pa...

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Banks seek software efficiency solutions to minimise tech spend
Banking

Banks seek software efficiency solutions to minimise tech spend

1y | By Emma Olsson, Reporter

Banks seek software efficiency solutions to minimi...

Fintechs that measure software efficiency may threaten tech jobs at large banks as management grapples with the shortcomings of legacy software, accor...

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Pressure to standardise private equity reporting intensifies
Banking

Pressure to standardise private equity reporting intensifies

1y | By Emma Olsson, Reporter

Pressure to standardise private equity reporting i...

Industry pressure for greater transparency may lead to standardisation of private equity reporting, investors and industry bodies indicate. A &ld...

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Q&A: FDX’s Don Cardinal on a global API standard
Banking

Q&A: FDX’s Don Cardinal on a global API standard

1y | By Emma Olsson, Reporter

Q&A: FDX’s Don Cardinal on a global API standard

As data transparency and protection gain prominence across financial services, the market is looking for a definitive global data sharing standard. In...

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Volcker ease allows data to take precedence

Volcker ease allows data to take precedence

2y | By Emma Olsson, Reporter

Volcker ease allows data to take precedence

US banks are no longer feeling the pressure of the Volcker Rule following a shortening of its reach and increased focus on the data economy, regtech p...

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Concerns raised over card schemes acquiring “potential competitors”

Concerns raised over card schemes acquiring “potential competitors”

2y | By Emma Olsson, Reporter

Concerns raised over card schemes acquiring “poten...

Competition concerns are being raised over Visa and Mastercards’ acquisitions and investments as the two major card schemes become increasingly ...

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Market contemplates AI standards amidst regulatory pressure
Asset management

Market contemplates AI standards amidst regulatory pressure

2y | By Emma Olsson, Reporter

Market contemplates AI standards amidst regulatory...

An industry-led artificial intelligence (AI) standard may be forthcoming according to Bill Wardwell, vice president of strategy and product at Bo...

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Better tech investment needed to face asset management turmoil
Asset management

Better tech investment needed to face asset management turmoil

2y | By Emma Olsson, Reporter

Better tech investment needed to face asset manage...

Facing a slew of industry complications, asset managers today are increasingly investing in tech to alleviate pain points – but comprehensive tech sol...

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Payments advisors warn of future dominated by card schemes
Payments

Payments advisors warn of future dominated by card schemes

2y | By Emma Olsson, Reporter

Payments advisors warn of future dominated by card...

Card schemes will control all payments in the next 10 to 15 years, according to a panel of payments advisors at the Westminster Business Forum’s...

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Alternative lending solutions to solve declining small business loans
Banking

Alternative lending solutions to solve declining small business loans

2y | By Emma Olsson, Reporter

Alternative lending solutions to solve declining s...

Small business loans and overdraft facilities provided by big banks are on the decline according to recent figures published by UK Finance. The report...

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Insurers turn backs on in-house tech solutions
Insurance

Insurers turn backs on in-house tech solutions

2y | By Emma Olsson, Reporter

Insurers turn backs on in-house tech solutions

Insurance firms may be turning away from in-house tech solutions and focusing on external partnerships according to market participants and industry b...

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AI adoption flounders in CRM
Insurance

AI adoption flounders in CRM

2y | By Emma Olsson, Reporter

AI adoption flounders in CRM

Despite being touted as the future of customer relationship software, a recent study by Freshworks – a customer engagement company – revea...

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Insurtech in review: new and old players adapt to a changing landscape
Banking

Insurtech in review: new and old players adapt to a changing landscape

2y | By Emma Olsson, Reporter

Insurtech in review: new and old players adapt to ...

Early year studies from Deloitte and McKinsey cited 2019 as the year for insurance firms to embrace new partnerships and join in the tech revolution. ...

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Ripple “growing quickly” but may wait to review transaction data publications
Banking

Ripple “growing quickly” but may wait to review transaction data publications

2y | By Emma Olsson, Reporter

Ripple “growing quickly” but may wait to review tr...

Ripple may review its policy around publishing transaction data but not until it experiences more growth according to Marcus Treacher, senior vice pre...

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Report: FIs warned to prepare for quantum threats

Report: FIs warned to prepare for quantum threats

2y | By Emma Olsson, Reporter

Report: FIs warned to prepare for quantum threats

Once considered too futuristic to pose a real risk, quantum computers will soon become a reality – and financial institutions (FI) are not yet p...

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Banks to re-think customer data usage

Banks to re-think customer data usage

2y | By Emma Olsson, Reporter

Banks to re-think customer data usage

Customer expectations of their data usage may not match that of banks according to a panel at FinTech Connect in London this week. “I think...

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Banks debate regulators' role in driving innovation

Banks debate regulators' role in driving innovation

2y | By Emma Olsson, Reporter

Banks debate regulators' role in driving innovatio...

“We need to be proactive on either side: regulators and financial institutions. What we need to do is bring all the relevant parties onboard on ...

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Rapid rise in biometric authentication leaves space for fraudsters
Banking

Rapid rise in biometric authentication leaves space for fraudsters

2y | By Emma Olsson, Reporter

Rapid rise in biometric authentication leaves spac...

New studies show that biometric authentication usage is on the rise, but some researchers warn against its adoption without proper fraud protocols. Th...

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Financial services take lessons from machine learning
Asset management

Financial services take lessons from machine learning

2y | By Emma Olsson, Reporter

Financial services take lessons from machine learn...

Open Banking promises increased access to customer data, but with newfound transparency comes a greater need to understand how that data is utilised. ...

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Q&A: Bank of France’s CTO talks cyber security, data lakes, and blockchain
Banking

Q&A: Bank of France’s CTO talks cyber security, data lakes, and blockchain

2y | By Emma Olsson, Reporter

Q&A: Bank of France’s CTO talks cyber security, da...

Daniel Cukier has been at Banque de France (BdF) for over 18 years. He has been chief technology officer (CTO) since March 2016, leading the central b...

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More than just crypto: blockchain usage grows amidst greater regulation
Trading & brokering

More than just crypto: blockchain usage grows amidst greater regulation

2y | By Emma Olsson, Reporter

More than just crypto: blockchain usage grows amid...

With countries such as China and Germany laying the groundwork for their blockchain legislation in the past few months, and financial services still u...

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DLT chief: Chinese blockchain focus to drive industrialisation

DLT chief: Chinese blockchain focus to drive industrialisation

2y | By Emma Olsson, Reporter

DLT chief: Chinese blockchain focus to drive indus...

China’s move to embrace blockchain will not just benefit cryptocurrency markets, according to Nish Kotecha, co-founder of blockchain provider Fi...

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China takes lead in crypto regulation; US at standstill

China takes lead in crypto regulation; US at standstill

2y | By Emma Olsson, Reporter

China takes lead in crypto regulation; US at stand...

China's regulators have attempted to take proactive measures towards growing cryptocurrency markets as counterparts in other major jurisdicti...

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McKinsey’s Rajgopal: Volcker Rule not doomsday for bank/fintech partnerships
Banking

McKinsey’s Rajgopal: Volcker Rule not doomsday for bank/fintech partnerships

2y | By Emma Olsson, Reporter

McKinsey’s Rajgopal: Volcker Rule not doomsday for...

Regulatory changes in the US, including the rollback of the Volcker rule, will not be “deterministic” of banks’ propensity to partne...

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Crypto chief: Centralised digital currencies could deter corruption

Crypto chief: Centralised digital currencies could deter corruption

2y | By Emma Olsson, Reporter

Crypto chief: Centralised digital currencies could...

The ability to program digital currencies could grant central banks greater control over the monetary system, according to co-founder of cryptocurrenc...

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Ecommerce facing 3DS2 hurdles

Ecommerce facing 3DS2 hurdles

2y | By Emma Olsson, Reporter

Ecommerce facing 3DS2 hurdles

Implementing 3D Secure 2 (3DS2) – a cornerstone of the strong customer authentication (SCA) rules outlined in Europe’s second payments dir...

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Legacy culture remains insurers greatest hurdle
Insurance

Legacy culture remains insurers greatest hurdle

2y | By Emma Olsson, Reporter

Legacy culture remains insurers greatest hurdle

Legacy culture is the greatest impediment to insurance industry innovation, according to Capgemini’s Executive Vice President and P&C Insura...

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Ferber: Multiple questions remain for Libra
Banking

Ferber: Multiple questions remain for Libra

2y | By Emma Olsson, Reporter

Ferber: Multiple questions remain for Libra

Politicians in Europe are still concerned over potential risks the Libra Association’s cryptocurrency could bring to markets. “As regulato...

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Algo trading innovations stoke fear despite increased popularity
Trading & brokering

Algo trading innovations stoke fear despite increased popularity

2y | By Emma Olsson, Reporter

Algo trading innovations stoke fear despite increa...

Once feared by traders and regulators alike, attitudes towards algorithmic trading have changed. The development of more sophisticated algorithms, adv...

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