Middle and Back Office Solutions Insights

Just like the previous year, Auriga kick-starts the new year with a list of 2020 trends, which we anticipate will define the banking sector in the upcoming 12 months. 1. Bank branches remain a necessity Bank branches nationwide may be reducing in numbers due to their expensive running costs; however, it will remain a traditional and vital... read more

There is a disconnect between associations and market participants over the use of a Master Regulatory Reporting Agreement (MRRA) for European Market Infrastructure Regulation (Emir) and Securities Financing Transactions Regulations (SFTR) reporting. Some say the standard format of contract will make agreements easier. Others suggest the... read more

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

With banks under pressure to increase profit margins, more are turning to machine learning (ML) to make a significant difference in their middle and back offices. One such area that is gaining greater attention from both the market and regulators is the use of ML and alternative data for credit underwriting. On December 19 the Bank of... read more

Banks to expand their use of analytics, according to Alex Kwiatkowski, principal industry consultant at SAS’ global banking practice. “[Banks] have not yet realised the full potential of analytics,” says Kwiatkowski. “They may have analytics in siloed areas, perhaps on individual functional areas… but the idea of... read more

Mid and lower tier US banks could find it difficult to run a third batch process within a business day to accommodate an additional same-day Automate Clearing House (ACH) settlement window, according to the head of global payments at a tech vendor.   “I think it is the tier three, four, and five banks that will go, ‘wow,... read more

In my first article based on the Global Corporate Treasury Survey 2019, I explored why building customer relationships is becoming ever more pivotal to corporate banking business models. In this follow-up, I go on to examine the technologies and ecosystems that will characterise the new era of relationship banking. The primacy of data ... read more

For the past two decades corporate treasurers have been eagerly awaiting a wave of technological change to help cope with their ever-increasing workload. For some time now, treasurers have been told that their industry is on the brink of accessing automated systems that will free them from the drudgery of their day-to-day operational... read more

According to The World Bank, 1.7 billion people globally don’t have access to the most basic financial services. Without access to savings and credit, economic mobility is next to impossible - leaving the unbanked trapped in a cycle of poverty. This is a huge issue not only for developing countries where the proportion of the unbanked is... read more