Middle and Back Office Solutions Insights

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Why it’s time to streamline accounts payable

1st October 2018

Company: EASY SOFTWARE UK
Paper-driven accounts payable (AP) processes are still with us, even though the date on the calendar says we’re approaching the third decade of the 21st century. That’s a problem because having such a central business process clogged up with paper has a negative impact. After all, in a paper world, an invoice can sit in an inbox for... read more
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UK “concerned” about Open Banking

28th September 2018

Company: bobsguide
More than three quarters of the UK are concerned about sharing financial data with organisations other than their bank, according to a recent poll by market research body, YouGov. Of those surveyed, 77% said they were concerned around data sharing, with 45% saying they didn’t understand the benefits of Open Banking, and a large number of... read more
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Baml accelerates mobile banking investment

26th September 2018

Company: bobsguide
Simpler navigation, enhanced user face, and ability to send feedback directly through the app are some of the latest improvements to the CashPro Mobile user experience being offered by the Bank of America Merrill Lynch (Baml). “The statistics behind mobile adoption are compelling. We understand that clients like the convenience and... read more
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From closed to open: why banks need to emulate the big tech players

25th September 2018

Company: Icon Solutions
They say imitation is the sincerest form of flattery. If that’s the case, there should be an outpouring of adulation from banks to GAFA (Google, Amazon, Facebook, Apple) and BAT (Baidu, Alibaba, Tencent). Big tech companies have mastered the art of openness. They have weaponised it and are now reaping the rewards. In the era of Open... read more
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The rise of the chatbot: fintechs and investors embracing social media

25th September 2018

Company: bobsguide
Chatbots have been around for more than half a century, and they’re often dismissed as little more than a source of empty small talk for bored social media users. Yet over the course of the last few years, fintechs have turned that perception on its head by transforming traditional social media chatbots into dynamic and secure payment... read more
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Easing legacy bottlenecks: automating the back office

24th September 2018

Company: FA Solutions
In the back offices of banks and asset managers around the world there are multiple functional entities and processes, which in time, have grown separately and developed their own bottlenecks. The 21st century has introduced topics such as customer experience and regulatory burden, which the existing back office setups do not necessarily support.... read more
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A first look at the GIPS Standards 2020: What you need to know?

20th September 2018

Company: StatPro Group
Heavy regulation in an industry is usually synonymous with a large body of standards expected of its participants. Aviation, for instance, is loaded with rules and regulations on everything from cabin lighting to the number of flight hours permitted between engine overhauls. Partly as a response, virtually every facet of the industry –... read more
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From the ground up: Building a compliance analytics program

20th September 2018

In the fight against financial crimes, today’s organizations must focus on building compliance programs that are increasingly driven by analytics. While PwC’s Global Economic Crime and Fraud Survey 2018 indicates that 42 percent of companies have increased their spending over the past two years to combat financial crime (an increase of... read more
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New Broadridge CEO: We can help banks create better than any of them could create for themselves

13th September 2018

Company: bobsguide
This week the board of directors at Broadridge announced that Tim Gokey, current president and chief operating officer, will become the company's new chief executive, and Rich Daly, current chief executive, will take on the role of executive chairman of the board. Les Brun, independent chairman of the board becomes lead independent director.... read more
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Account reconciliation software: making the right choice

13th September 2018

Company: bobsguide
Account reconciliation is the act of cross referencing a company’s financial records with those of an external source such as a bank or other financial institution to make sure that they match up. On the surface, this doesn’t seem like a particularly arduous or even important process, but it is one of the key pillars of any good... read more