Banking in the ‘era of the digital reflex’

3rd March 2020

In 2007, when the first-generation iPhone was initially released, only a quarter of the European population banked online. Since then, our relationship with technology and applications throughout all aspects of our lives has rapidly evolved.  Fast-forward to 2020 and the use of mobile applications and digital services in banking has... read more

Trade reporting: why building your own solutions no longer makes sense

2nd March 2020

While it’s critical for financial institutions to have a tight handle on their trade reporting, the business case for developing proprietary reporting solutions in house is flimsy in 2020. With secure, customisable cloud-based solutions available out of the box, which have been tested across multiple trading platforms and offer attractive... read more

2020: Blockchain’s coming of age

27th February 2020

In 2019, it was clear that regulators overall had become much better at parsing the differences between cryptocurrency and blockchain and, increasingly, the difference between permissioned and permissionless blockchains, an even less acknowledged and understood distinction. In cryptocurrencies, questions around their classification were... read more

How AI can bring new insight to private equity deals

26th February 2020

At a time when deals are more competitive than ever and asset prices are soaring, private equity (PE) firms need to do everything they can to avoid deals turning sour. Yet in recent months we have seen prime examples of how ignoring the web of a target company’s extended network can cause problems. Here, we’ll look at some examples of... read more

Debate rises over UTI exchange connections for SFTR

25th February 2020

Company: bobsguide
The market remains at odds over the dissemination of unique transaction identifiers (UTIs) for Securities Financing Transactions Reporting (SFTR). Some banks are pushing for their counterparties to be connected to specific UTI exchange platforms to consume UTIs directly. But because of the work needed to connect, many firms are choosing not to. ... read more

Brexit prompting consolidation between traditional banks and challengers

24th February 2020

Company: bobsguide
Brexit is forcing challenger banks to grapple with thin profit margins, as some experts predict greater consolidation in the market. “Brexit definitely plays a role because of the uncertainty it brings about and the cost of future uncertainty,” says Madhur Jain, SVP & global head Solution Consulting, SunTec. Earlier this month... read more

Banks embrace external tech to replace in-house systems

21st February 2020

Company: bobsguide
Banks will seek external software solutions as in-house tech debts increase, according to vendors trying to reduce tech spend. According to Robert Cooke, chief technology officer and founder of 3Forge, there will be an increase in tech companies creating “holistic” platforms providing full front-end integration. 3Forge consolidates... read more

Report: The Libor system detour

20th February 2020

Company: bobsguide
Banks are creating detours in their core systems to be able to calculate the Secured Overnight Financing Rate (Sofr) rather than trying to replace the entire system before the end of 2021. However, these complementary systems can come with additional risks, say bankers. There is also uncertainty around the level of time required to implement,... read more

Does the high financial exposure in the US represent a risk for the euro area?

20th February 2020

Company: Prometeia
The euro area holds US assets worth approximately €7,000bn (60 percent of GDP) - with almost half portfolio investments (Chart 1). At the end of 2006, that is, before the financial crisis in 2008, European investments in the US totalled €2,600bn, less than 30 percent of GDP. Europe’s current asset position combined with the higher... read more

Incumbent banks’ money management apps face rocky future

17th February 2020

Company: bobsguide
Large banks are struggling to develop money management apps to rival challengers, according to Mark O’Keefe, Payments Systems Regulator (PSR) panel member and founding director at Optima Consultancy. “There's a lot of talk, and I think this is probably a theme that you see from the incumbent banks is that they often talk a good... read more