Infrastructure Insights

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Cyber security "starts with the board"

7th February 2020

Just as we rang in the 2020s, foreign exchange company Travelex found itself battling a well-coordinated ransomware and meticulously planned cyber- attack. This attack came as a timely reminder that, as financial firms extend their offering and reliance on all things digital, we can only expect the risk of cyber incidents to increase. No... read more
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Q&A: FDX’s Don Cardinal on a global API standard

6th February 2020

Company: bobsguide
As data transparency and protection gain prominence across financial services, the market is looking for a definitive global data sharing standard. In Europe, requirements such as the General Data Protection Regulation (GDPR) and the second Payment Services Directive (PSD2) have cracked down on financial data usage. Meanwhile, a market-led... read more
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Real-time requirements disrupt trade reporting

5th February 2020

If the heavy compliance burden wasn’t already overwhelming financial institutions and broker-dealers, the accelerating shift to near real-time reporting is tipping many over the edge. For me, this was the most striking finding from a new research report, Meeting the challenges: Compliance and obligations across regulatory regimes,... read more
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How to hack a bank

28th January 2020

Company: bobsguide
Although the threat of cyberattacks is rising, banks are being pushed to go back to the basics of cybersecurity, according to a penetration specialist. On December 31, 2019 a group of hackers called Sodinokibi launched a cyberattack on the Travelex network. The group held the foreign exchange company to ransom for £4.6m the Telegraph... read more
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Deploying ‘industry 4.0’ technologies in treasury

28th January 2020

Company: Login S.A.
As a growing number of financial operations move to ‘real-time’, treasurers need to rethink how they organise and manage treasury functions ensuring that investment in technology can support seamless processes, efficiently. According to BCG’s research "70 percent of treasurers have yet to embrace digitisation in a... read more
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Four themes to get right in 2020: Libor, SFTR, cyber security and market equivalence

27th January 2020

As is traditional this time of year, our good intentions of new year resolutions fade to what we might expect to be dominant themes in 2020, and it has to be said that if certain plans are not yet well advanced you might want to get to it. Libor In 2018 I wrote about the impending move away from Libor-based products ‘Libor - living... read more
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Alternative lending solutions to solve declining small business loans

22nd January 2020

Small business loans and overdraft facilities provided by big banks are on the decline according to recent figures published by UK Finance. The report, dated January 17, shows that while London lending fell by less than three percent between September 2014 and September 2019, in the North West the decrease neared 16 percent. According to Rob... read more
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Single source of trade data needed to futureproof regtech

14th January 2020

Company: Calypso
Effectively managing and storing trade data will ensure that technology used to comply with current regulations remains usable for future requirements, says the chief product and engineering officer, Calypso. “[Having] data in a consistent format, where applications dealing with different product types, different parts of the trade life... read more
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Q&A: Habito CTO on the new mortgage market

13th January 2020

Company: bobsguide
Over the past few years the mortgage market has grown increasingly complex, leading to the growth of broker websites that aim to help consumers make informed choices. One such provider – Habito – has seen exponential growth rates since launch in 2016 and last year announced a move into the lending market itself driven by a £500m... read more