Insights

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Interconnection key in growing payments ecosystem

11th February 2019

Company: Equinix
Over the past few years, technological advances, regulatory changes and the introduction of a range of new market participants has driven efficiencies and opportunities across the payments world, but the fast-changing nature of the industry has created the need for systematic, forward planning. That’s according to Eleni Coldrey, business... read more
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Prepare for Brexit with industry-specific software

11th February 2019

Company: Dynamo Software
Eyes around the world are watching to see the outcome of the UK’s exit from the EU. With the March 29, 2019 Leave date looming, LPs in the UK and Europe face an increasingly volatile market. Britain and the EU have yet to come to an agreement on Brexit terms, which casts a shadow on the alternative investment landscape in both regions, and... read more
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Tech giant Adobe brings cost-cutting ID verification to KYC

8th February 2019

Company: bobsguide
Adobe, the stock content platform, is straying more and more outside of its traditional heartlands to offer digital KYC solutions in an attempt to reduce the cost of compliance for its financial services customers. “Our customers tell us they can achieve huge time and cost savings, reduce error rate and calls to contact centres and deliver... read more
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Banks pressurize trading venues for SFTR filing clarity

8th February 2019

Company: bobsguide
Major tier one banks are putting pressure on trading venues to provide a much more compliant Securities Financing Transaction Regulation (SFTR) confirmation file from the beginning, according to Jonathan Lee, a senior regulatory reporting specialist at Kaizen. “Pretty much everyone in the chain is looking for ways in which to cut costs and... read more
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Digital states: Cryptocurrency rules and regulations across the US

8th February 2019

Company: bobsguide
The US handles almost a quarter (22.6%) of all bitcoin volumes, according to coin.dance statistics, yet regulators across the country’s 50 states have different rulings on the legality and usage of virtual currencies. Under the Supremacy Clause (Article VI, Clause 2) of the Unites States Constitution, in the case of conflict between... read more
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Poor AML KYC leads to remediation projects on both sides of the Atlantic

6th February 2019

Company: bobsguide
Inadequate onboarding procedures have led to incomplete know your customer (KYC) compliance, and resulted in ongoing remediation projects to deal with the back log of accounts, according to Phil Masterson, senior vice president and managing director of SEI’s Investment Manager Services division. “We are aware of several remediation... read more
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Shanghai’s NASDAQ-style technology board “a wild gamble”

6th February 2019

Company: bobsguide
The Shanghai Stock Exchange’s new Technology Innovation Board is a “feeble” and “wild gamble” at creating entrepreneurial spirit, which will “crash and burn”, according to Stanley Chao, vice president of All In Consulting and author of Selling to China. The China Securities Regulatory Commission (CSRC)... read more
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Europe sets out fintech stall to face economic headwinds

6th February 2019

Company: bobsguide
Company leverage hit a ten-year high in January, with 48% of fund managers who took part in Bank of America Merrill Lynch’s market survey believing balance sheets are overleveraged. Normally bullish wealth managers remind investors that doing nothing can often be an effective strategy. At the beginning of February, the US Federal Reserve... read more
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SWIFT community boosted by gpi & R3 future | webinar

6th February 2019

Company: bobsguide
Cost-efficiency and an exciting roadmap - including the Corda R3 tie up - have galvanised the gpi community, a bobsguide poll conducted during a webinar this week, demonstrates. ‘A key solution to modern day payments’ was the primary priority for the webinar audience During the webinar, Damien Godderis, head of payment... read more
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Banks and vendors delay Windows 10 migration despite security fears

5th February 2019

Company: bobsguide
The ATM industry is experiencing a “general delay” in its attempts to upgrade from Windows 7 to Windows 10, despite the deadline being only a year away. “Unfortunately, the ATM industry [is moving] to Windows 10 with a large delay, as hardware vendors only made the Windows 10 XFS drivers available in 2017,” says Carmine... read more