Middle and Back Office Solutions Insights
21st August 2020
US fintechs may seek out full purpose banking licenses as litigation continues to cloud the Office of the Comptroller of the Currency’s (OCC’s) fintech charter.
The issuance of a banking charter to digital bank Varo this month could inspire US fintechs to reconsider their strategies, according to Michael Breslin, partner and Fintech... read more
11th August 2020
Market participants are still struggling with aspects of strong customer authentication (SCA) ahead of the December 31 deadline, according to payment service providers (PSPs).
“At the beginning it was very misunderstood from the perspective that it [was thought to be] the same as two-factor authentication, or something just about securing... read more
3rd August 2020
Capital markets firms are under pressure to increase efficiency and reduce operational costs, particularly as the world deals with the pandemic. A key metric of efficiency in our industry is cost per trade – but how much are firms actively controlling it?
A recent industry survey showed that 81 percent of brokers and banks think it is... read more
29th July 2020
The US payments landscape is in the midst of significant change. A spark of new capabilities – comprising existing payment rails introducing new developments, the dawn of real-time payments and the emergence of innovative overlay services – is transforming the entire payments ecosystem. What’s more, with the current challenging... read more
28th July 2020
Combatting financial crime has long been an arduous process. Conducting face to face investigations on the ground far and wide and rifling through masses of paperwork places a huge burden on the time and resources of financial organisations.
These traditional forensic techniques may produce results in the end, but not without considerable... read more
7th July 2020
It might feel like a lifetime ago, but think back to the last time you visited a restaurant with friends. How did you split the bill? Multiple cards and scribbled math to calculate how much everyone owed? Was it a mix of some paying cash and others using cards? Did you have to sit and wait for change?
Even before the pandemic, many people had... read more
3rd July 2020
The spread of the coronavirus and governments’ subsequent reaction has led to a surge in the adoption in contactless payment methods such as card and mobile payments.
A report released by global data and insights firm Dynata, surveyed over 11,000 consumers in 11 countries found a universal uptick in the adoption of contactless payments.
... read more
2nd July 2020
As the US startup community celebrates the recent Volcker Rule reform, some worry the change could impair the banking system as it recovers from recent market volatility.
Sankar Krishnan, executive vice president and industry head, banking and capital markets at Capgemini, is positive about the change, announced on June 25 by the... read more
29th June 2020
The US equities market may see a combined digital ledger technology (DLT) and legacy settlement solution, as accelerated settlements gain importance.
“Moving towards that T+0 model is really around doing so as an industry and doing so with a way that doesn’t force transformational change on everybody on day one,” said... read more
26th June 2020
An increase in mobile banking application features may make them more vulnerable to fraud, experts say.
According to Nikolay Anisenya, mobile application security research team lead at Positive Technologies, fraud protection is largely out of customers’ control.
“As a customer, unfortunately you cannot do much to protect yourself... read more