Middle and Back Office Solutions Insights
28th October 2020
Even though investment firms have very different primary business models and risk profiles as opposed to lending institutions, to date, for regulatory purposes many have been considered credit institutions and accordingly report under the Basel-driven capital requirements regulation (CRR). The CRR approach is too broad to effectively account for... read more
26th October 2020
Despite having registered over two million users in the UK, Open Banking is still failing to meet its objectives of creating a more competitive retail banking landscape.
“Everything that it's looking to achieve in terms of improving competition and transparency amongst the incumbent banks, and diluting a little bit the reliance on the... read more
22nd October 2020
The disruption and financial pressures caused by the pandemic are likely to give rise to some common challenges for businesses across sectors, whether the problem concerns a supplier or a customer. While each case will require specific advice, parties should be generally aware of some recent changes to legal remedies available when approaching a... read more
6th October 2020
As central banks show increased interest in developing their digital currencies, understanding, and grasping the benefits of implementing Central Bank Digital Currencies (CBDCs) remains at the core of the debate.
Arwen Smit, author and senior adviser at MintBit, believes the decline in the usage of cash is not the only driver for adopting... read more
5th October 2020
“It's not just banks that are guilty of this. It's professional enablers that are letting them do it,” says Martin Cheek, managing director at Smartsearch.
“The banks are the sort of conduit of the cash from one end to the other, but you've got a whole set of professional enablers – including solicitors,... read more
1st October 2020
The payments industry must be wary of vulnerable tech builds as cyber threats are predicted increase, according to a director of incident management at the UK National Cyber Security Centre.
“From our experience seeing some less mature organisations possibly, one of the things that we’re worried about at the moment is some of the... read more
24th September 2020
Insurers are embracing technology as the pandemic continues to disrupt the industry, but interest in partnerships does not yield immediate implementation.
“We’ve definitely seen an uptick in interest and demand – people reaching out, wanting to understand what’s possible, how a solution might work for them and to explore... read more
22nd September 2020
By definition, corporate process optimisation propelled by digital transformation is a continuous effort. Technology innovation, pressure to stay ahead of the competition, and evolving customer needs demand enterprise act. Despite potential internal resistance, doubts and concerns about taking the leap forward, the real challenge is to stay... read more
15th September 2020
From time to time I find myself in front of a small asset management firm that is considering a best-of-breed investment reporting solution.
Usually the key driver for such firms (with, say, AuM of under £10bn) dipping their toes in the water is that they are beginning to scale up their investment management operations and are... read more
1st September 2020
With a further delay to the EU’s Central Securities Depositories Regulation (CSDR) just announced, market participants and tech vendors face an uncertain future.
“There’s a level of uncertainty and to be able to plan for that is hard. Do you carry on, or do you wait? More time is great and broadly welcomed, but there’s a... read more