Middle and Back Office Solutions Insights


An alternative way of seeing data monetization

18th June 2019

Company: Suburbia
From early-stage payments fintechs to giant acquirers, every company is asking themselves the same question: “How can we turn our data into dollars?” After all, most companies these days are to some extent data companies, whether they are aware of it or not. Many businesses try to leverage certain types of data they capture, but... read more

UK Gambling Commission bets crackdown will improve AML compliance

10th June 2019

Four gambling businesses have been fined £4.5 million for failing to put in place effective safeguards to prevent money laundering as the UK Gambling Commission works to improve anti-money laundering (AML) compliance for online gambling. The announcement - a result of an ongoing investigation into online casinos - comes on the heels of the... read more

Banks’ top brass need persuading over T2/T2S opportunities

24th May 2019

Company: bobsguide
Banks’ middle management and specialists must do more to convince the executive of the opportunities and cost saving benefits posed by T2/T2S (TARGET2 & TARGET2 Securities) Consolidation. Affecting some 1,700 EEA bank accounts, the T2/T2S Consolidation project - which is due to go live in November 2021 - is a great burden for European... read more

6 best practice principles to client & counterparty data management

20th May 2019

Company: Fenergo
The role of client and counterparty risk management has assumed greater strategic importance over the last few years in light of heightened regulatory scrutiny and the introduction of new rules around AML/KYC, ultimate beneficial ownership, global data privacy and investor protection rules. With the growth of AI/RPA-enabled compliance processes,... read more

The future of client reporting and the need for joined-up thinking

15th May 2019

Client reporting is often seen as the sterile end of any investment process; a cost of doing business rather than an area that can add value for the end investor. Much of this perception is due to a lack of joined-up thinking on the part of the industry (investment managers, consultants and software vendors) concerning... read more

Seven signs you’ve outgrown your treasury management system – revisited

13th May 2019

Company: Calypso
We first published this piece in 2015 as a kind of checklist for those bank treasuries trying to achieve everything demanded of them but struggling to do so efficiently. The ‘seven signs’ were indicators of where fragmented, legacy treasury management systems may be letting them down as they tried to meet new demands. If anything,... read more

Dodd-Frank section 1071 could break SME lending barriers for fintech

30th April 2019

Company: bobsguide
Stringent data and reporting requirements could negatively impact small business lending in the US, according to the Independent Community Bankers Association (ICBA), while lawyers believe it could be an opportunity for fintechs to establish themselves in the market. Under Section 1071 of Dodd-Frank, the Consumer Financial Protection Bureau... read more

5 benefits of digitalization in commercial and business banking

29th April 2019

Company: Fenergo
Commercial and business banking clients often have a harder time opening a bank account than the average retail client, mainly due to the complex, siloed legacy technology that makes up most banks’ back, middle and front office operations. Banks share the frustration of difficult and lengthy onboarding solutions with their clients. Not only... read more

How airlines can fix flight compensation payments

29th April 2019

Company: Hyperwallet
If you've done much traveling in your life, this scenario is probably all too familiar. You crawl out of bed in the middle of the night to get to the airport three hours before your flight's scheduled departure time (recommended). You wait outside for your cab, which is late, and try to stay awake on the ride over. You wait patiently in the... read more