Report: Asset managers hesitate with Libor transition

2nd August 2019

Company: bobsguide
While asset managers may wait for their counterparty banks to navigate them through the transition away from the London Inter-bank Offered Rate (Libor), the buy side cannot afford to be complacent as the rate gets phased out. But in some instances little preparation has been done. “We’ve been talking to banks primarily but also some... read more

Switching your investment system: key issues to consider

1st August 2019

Chances are, in the course of the life of your investment firm, there will come a time to take a hard look at whether your investment system still suits your needs. In many cases, if you’re already asking yourself this question, the answer will be “no” — so you’ll need to make a switch. There are some surefire ways to... read more

People moves: Revolut, HSBC and more

31st July 2019

Company: bobsguide
InvestCloud appoints new CFO California-headquartered InvestCloud has appointed Rebecca Sanchez Sarmiento as CFO, the company announced on July 2. Sarmiento joins from ATTOM Data Solutions, where she held a similar role. Previously, she was at Smart & Final, Deutsche Bank, and Citigroup. At InvestCloud, she will oversee the finance and... read more

Five common challenges emerging managers face

30th July 2019

The good news about these challenges is that if you have them, it likely means you are growing. The bad news is that these problems, if unchecked can delay your rate of growth or in extreme cases can even prevent it altogether. 1. Average pricing can get difficult - quickly Using average pricing is the obvious and easy choice to reduce... read more

European regulators prepare SCA flexibility for struggling industry

30th July 2019

Company: bobsguide
Germany’s Federal Financial Supervisory Authority (BaFin) and other national competent authorities (NCAs) across Europe are looking to offer windows of flexibility to a payments industry struggling to meet the looming September deadline for strong customer authentication (SCA) under the second Payments Services Directive... read more

AI advances negate retail banking explainability

29th July 2019

Company: bobsguide
AI platforms will become so advanced that explaining their decisions to retail banking customers would be secondary to the service provided, according to market participants, though developers and corporate users will need more understanding than ever before. “AI will eventually achieve a level of complexity that makes it virtually... read more

FreedomPay CTO: GDPR still a concern as SCA deadline looms

26th July 2019

Company: bobsguide
Despite the encroaching September deadline for strong customer authentication (SCA) under the second Payments Services Directive (PSD2), merchants and payments market participants are equally concerned about the ramifications of the already-mandated General Data Protection Regulation (GDPR), according to Chris Kronenthal, chief technology officer... read more

The future of risk management - challenge or opportunity?

26th July 2019

Company: bobsguide
The risk management landscape is one that is evolving rapidly, alongside new regulatory requirements and technological innovations. Firms are still feeling the aftereffects of the second Markets in Financial Instruments Directive (Mifid II), while geopolitical events have led to challenging market conditions. To further understand the state of... read more

Compliance and client onboarding: Who should deliver it?

25th July 2019

Company: NorthRow
Given the importance and complexity of the compliance process, it is only natural to consider outsourcing the checks needed to perform for client onboarding versus managing them in-house. The risk of not using the correct Know Your Business (KYB), Know Your Customer (KYC) and Anti-Money Laundering (AML) information to onboard a new customer is... read more

Q&A: SocGen’s Woolley on technology transformation in wholesale banking

24th July 2019

Company: bobsguide
Société Générale (SocGen) appointed Anthony Woolley as head of innovation for the UK in October 2017. Bobsguide caught up with Woolley to discuss tech innovation in wholesale banking and choosing fintech partnerships. How did you arrive at your current position? Originally, I was a computer science graduate,... read more