Industry Advocates Insights

Incumbent banks may struggle to adapt to the impact of coronavirus as remote working and customer services falter. Commentators say these challenges could leave digital challengers with the advantage. “Do the existing banks, the traditional banks, struggle to allow their staff to work remotely compared to challengers? You may find that the... read more

The past few years have borne witness to scandal after scandal, as Europe has struggled with a torrent of financial crime – specifically money laundering. Although it’s impossible to accurately estimate the true scale of the issue, research undertaken  by Europol suggests that laundered money could account for anywhere between 0.7... read more

Regulators are increasingly interested in industry progress and bank treasury readiness for the (L)ibor reform. In this  article, EY and SimCorp experts explain why it’s crucial that bank treasurers can demonstrate a tangible action plan for addressing the (L)ibor reform’s implications for specific functions. Is your... read more

Innovation in alternatives to cash must become a priority, according to John Glen, economic secretary to the UK government's treasury. “I completely embrace the opportunities that exist in other [payment] sources. I am not trying to hold onto cash, what I am trying to do is to say that the recognition that we feel in government,... read more

The UK must drive innovation to remain a key fintech hub as emerging markets scale rapidly, according to Peter Estlin, Lord Mayor of the City of London. “We’ve talked about the sheer strength of fintech here in the UK and it is a mark of quality and it’s regarded for that quality around the world. But if you look at scale,... read more

A large portion of financial crime is going undetected due to data problems causing high levels of false positive rates in financial institutions’ fraud detection systems, according to Stuart Breslow, managing director of technology and policy at Google. “The error rate was very gently put as significant,” said Berslow on a... read more

Europe's stuttering markets must do more to attract investment in technology according to Christian Sewing, chief executive officer at Deutsche Bank. “We simply aren’t that interesting anymore for many investors in companies,” said Sewing at the Sibos conference in London this week. “We must be alert that... read more

Nishkama Capital, a long/short equity fund based in the US, became one of the first adopters of Eze Eclipse, SS&C Eze’s born-in-the-cloud investment management solution, in 2017. Thanks to the platform’s adaptability and continued support from the Eclipse team, Nishkama’s operation was able to get up and running quickly, and... read more

Accelerators A venture or scheme that promotes and aids the rapid growth of selected new small businesses. Acquirer A company that buys the rights to another company or business relationship. Acquirers are also financial institutions which buy rights to a merchant account which allows them to service and manage the merchant’s... read more