Marketing / PR Insights

Open Banking is a term “far too overused and far too laboured” which has left consumers not knowing what they want or need, according to Matt Perks, head of transformation and Open Banking at Nationwide. Perks was speaking on a panel at Fintech Connect in London this week, and added that for Open Banking to work it needs to provide... read more

The insurance market is fully embracing artificial intelligence (AI) in a bid to drive cost efficiencies, according to Craig Beattie, senior analyst at Celent, the research and advisory firm. There are three key factors leading insurers to utilise AI, said Beattie, at FinTech Connect: “An increase in processing power, an increase in data... read more

With the dust still settling on the latest crop of firms to comply with BCBS-IOSCO regulatory initial margin (IM) requirements, the spotlight turns on the much larger number of firms expected to fall in-scope in the remaining two phases: between 30 and 50 firms in Phase 4 (2019) and 750 to 1000 firms in Phase 5 (2020). Aware... read more

With banking customers expecting higher quality and faster interactions, customer experience has become the battleground where banks compete to retain existing customers and attract new ones. Many banks are embracing digital transformation (DT) as a strategy on which to build new and advanced customer experiences and better, more compelling... read more

Many firms have turned to a risk-based approach in assessing compliance capabilities to fall in line with the Markets in Financial Instruments Directive (Mifid), and its successor, Mifid II. That’s according to John Byrne, CEO of Corlytics who was speaking this week as part of a webinar on regulatory compliance. Mifid’s first... read more

The problem is that the financial services industry is hobbled by behemoth legacy systems that make transformation difficult. Data is more often than not stored in silos — disparate, disjointed, and disorganised systems. If upgrading these legacy systems or migrating data was easy, digital transformation would have been a no-brainer for... read more

Traders value information above all else. The difference between success and failure every day can depend on what they see on their screens, and how they sift through the right information at the right time to make the right trade in fast-paced financial markets. Relying only on traditional sources of data is no longer sufficient on the modern... read more

When the Financial Stability Board (FSB) published its guidelines to national and regional regulators to encourage greater oversight into financial markets, even they couldn’t foresee the deluge of rules and compliance requirements those regulators would begin to craft. In Europe, the most onerous regimes constructed by the European... read more

A few weeks ago, I sat on a webinar panel discussing the concept of Request for Pay (RfP) and what the implications will be for the US market when it is made available as part of The Clearing House’s Real-Time Payments (RTP) network. I was joined by my esteemed partners Keith Gray from the Clearing House and George Evers from Vocalink, and at... read more