Middle and Back Office Solutions Insights
24th October 2018
Blockchain's primary use case remains the creation and movement of cryptocurrencies, said Bobby Lee, a board member of the Bitcoin Foundation and CEO of BTCC, at this year's Money20/20.
“I see a big difference between cryptocurrencies like bitcoin and then the blockchain effort. We all know that blockchain is... read more
23rd October 2018
As digital transformation sweeps through all areas of peoples’ lives, smart banks are recognizing that they too must transform or be left disastrously behind. But change, however critical, must always be balanced against its inherent risk. What does it mean to manage risk while functioning as a true digital bank?
As organizations try to... read more
23rd October 2018
If blockchain and distributed ledger technology is only just being spoken about from an application point of view in financial services, then the fledgling science behind quantum computing (QC) has an uphill struggle on its hands.
“As an industry, there is a feeling that the digital revolution was missed somehow,” said Dr Stacey... read more
22nd October 2018
Finastra revealed its cloud-based instant payments offering for small and mid-sized banks at Sibos 2018 today, in Sydney, Australia.
The Fusion Global PAYplus packaged solution - which has a release date of Q2 next year - will enable tier three and four financial institutions in the EU and US to enjoy the benefits... read more
18th October 2018
A recent report, ‘Blockchain in Europe: Closing the Strategy Gap’, conducted by Cognizant, reveals there are several internal barriers stopping blockchain from becoming impactful. These include truly understanding use cases, and assessing their costs and benefits (51%).
Yvonne Zhang, CEO and co-founder of tech outfit Aquifer... read more
17th October 2018
The world’s biggest banks and corporations still rely on archaic data sources which haven't improved in decades, according to Hamza Khan, founder of alternative data provider Suburbia.
"Data is expensive, it's slow, it's often out of date before it's even released. We think we can do better with alternative... read more
16th October 2018
All large, multinational companies need to have a good cash and liquidity forecasting process. However, cash forecasting can be an extremely challenging task.
Companies of all sizes struggle with accounting for unpredictable cashflows and unexpected expenditures in their forecasts (we address these concerns in this article on the power of clean... read more
12th October 2018
Blockchain, or Distributed Ledger Technology (DLT), is one of the most hyped new branches of digital tech in recent history. Invented as the underlying framework to power Bitcoin, it is now being applied in some way to every industry, including capital markets.
The potential applications of blockchain/DLT technology vary across sectors but have... read more
11th October 2018
Since Adobe acquired the commerce platform, Magento has moved further into the e-commerce market with its newly announced payment and risk management solution.
“We were looking for a partner within e-commerce,” said Shantanu Narayen, CEO of Adobe on centre stage at MagentoLive. “We didn't appreciate quite how much... read more
9th October 2018
Starling has acquired 10,000 business customers and 210,000 current account customers to date, with the TSB crisis reportedly bringing in eight times the number of switches to the digital only bank.
That’s in an industry where stickiness and customer profitability is key and where it has never been easier for customers to switch banking... read more