Insights

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Digital gap widens between traditional banks and challengers

11th June 2020

Company: bobsguide
The gap in digital performance continues to grow between traditional banks and challengers as the pandemic exposes incumbents’ inability to adapt.  Mark O’Keefe, founding director at Optima Consulting and Payments Systems Regulator (PSR) panel member, says few incumbents have stepped up to the plate during the pandemic. ... read more
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Report: Insurance industry takes tech and trust hit

11th June 2020

Company: bobsguide
Insurers face new threats as impact of coronavirus challenges tech stacks and complicates customer contracts. While the shock of the pandemic is being felt across all industries, insurers are grappling not only with the need to revamp legacy technology, but the potential loss of trust from customers who rely on them for support as the lockdown... read more
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Profitability over growth key for fintechs to secure investment

10th June 2020

Company: bobsguide
Fintechs must show that they have a solid business model focused on achieving profitability, not just rapid growth if they are to secure investment, according to venture capitalist firm, Anthemis Group. The coronavirus crisis may have already cost UK fintechs as much as £1.9bn, according to a report by Computerweekly. And with investors... read more
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‘Data to cash’ as a service: Time to invest in open banking

10th June 2020

Company: bobsguide
By Andries Smit, CEO and founder of Upside There are 11.95m+ households in the UK with less than £1,500 in savings. Since early March, the catastrophic impact of the coronavirus has only highlighted further the treacherous situation the country is facing regarding personal savings. For the financial world, this offers a unique opportunity... read more
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Automation reconciliation services are coming on leaps and bounds

9th June 2020

Company: FIS
For many, their reconciliation software has become part of the office furniture – sat in the corner, not upgraded or even reviewed in years. But there is a growing shift toward updating or introducing new reconciliation solutions that are service-based, standard-driven and highly focused on automation, according to Richard Chapman, vice... read more
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Security requirements push customers away from banks

9th June 2020

Company: iProov
Regulations and requirements aimed at making retail banks more secure are driving customers away, according to Aarti Samani, SVP of product and marketing at iProov. A report by IPSOS Mori showed that on average, two-thirds of customers are unsatisfied with their bank in the UK, something that Samani blames on the cumbersome security experience,... read more
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Managing and reducing risk across P2P during crisis

8th June 2020

By David Griffiths, CEO, FISCAL Technologies As the economic impact of the pandemic deepens across the globe, the ability of organisations to procure products and services in a timely, yet safe manner has never been more important. As the pandemic spread across the world, a number of factors impacted global supply and demand, and sadly,... read more
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Dark memories: Coronavirus and the spectral return of exposure management

8th June 2020

As with the 2008 market crash, the coronavirus has brought the issue of exposure management to prominence once again. Recent market volatility has sent shockwaves through the financial community and resurfaced some dark memories that most of us would prefer to forget. When the markets are fluctuating at an alarming rate, asset owners in... read more
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Where are you going to go when your cloud goes down?

5th June 2020

Company: bobsguide
By Andrew Fitzgerald, sales director for Western Europe and Sub-Saharan Africa, Cohesity A short history of modern business IT might report that the Noughties were all about taking baby steps in cloud applications such as Salesforce, Google Apps, Taleo, Ariba and NetSuite. The 2010s saw clouds proliferate as pioneers took a... read more
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FCA stokes confusion surrounding safeguarding practices

4th June 2020

Company: bobsguide
The UK’s Financial Conduct Authority (FCA) is unclear on guidance to safeguard customers’ funds, says Bob Lyddon, chairman of the Association of UK Payment Institutions (AUKPI). His comments follow an announcement by the FCA on May 22 to propose guidance on safeguarding customers’ funds in wake of coronavirus. The consultation... read more