Insights

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A smarter way to report on financial trades?

5th February 2019

New research by independent financial regulatory think-tank JWG, in partnership with Inforalgo, confirms that financial institutions are struggling to cope with their international trade reporting obligations, as regulatory requirements grow and diverge. Costs are escalating, and the risks of non-compliance too - and firms simply don’t have... read more
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Meeting the initial margin challenge – part 3

4th February 2019

Company: Calypso
This third article in the IM series, generated from a recent Calypso Webinar on BCBS-Iosco regulatory initial margin (IM) requirements, recommends learning from those firms who have been through the IM compliance process already, drawing upon their experience through industry organisations such as ISDA and solution providers like Calypso, to... read more
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Insurance: the new payments opportunity

4th February 2019

Company: Banking Circle
In recent years, just like businesses in almost any other industry, insurance companies have been focusing on improving the customer journey. They are increasingly adopting automated systems which help to streamline their service, offering policyholders an efficient, easily navigated and hassle-free journey from point of quote to purchase, to claim... read more
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5 steps to implementing AI for AML compliance

4th February 2019

By 2030, artificial intelligence (AI) will save the banking industry more than $1trn, according to analysts. Of that vast sum, it is expected that banks and credit unions will save $217bn—simply by applying AI to their compliance and authentication practices, and to other forms of data processing. I recently reviewed the first steps that... read more
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Benefits of insight-driven data management swell

1st February 2019

Company: bobsguide
On January 28 bobsguide hosted a webinar on mapping the opportunities of insight-driven data management with participation from Adox Research and Asset Control, the data management technology firm. A new generation of data management tools is moving beyond operational and IT efficiency to data exploration for the business user. In this webinar... read more
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Challenger banks vulnerable to AML-savvy criminals

31st January 2019

Company: bobsguide
Digital-only challenger banks and new market entrants are vulnerable to savvy criminals looking to exploit weak anti-money laundering (AML) controls, according to John Davies, chairman on Kompli-Global and deputy chair of the Emerging Payments Association (EPA). Speaking at the launch of the EPA’s new whitepaper on financial crime, in... read more
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AI replacement of current market risk models “a long way” off

31st January 2019

Company: bobsguide
Replacing current market risk models with something that has been derived through artificial intelligence (AI), especially unsupervised machine learning, “we are a long way from seeing that,” says Daniel Percy-Hughes, Consultant at Synechron. “There are a couple of reasons for that. One is that they [AI and machine learning]... read more
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People moves: First Commerce Bank, TransUnion, Edison Group and more

31st January 2019

Company: bobsguide
Dash Financial Technologies appoints CFO New York-based fintech Dash Financial Technologies appointed Scott Patrick as chief financial officer, effective January 23. Patrick has 25 years of experience in financial services and financial technology and has held positions of an investment banker, equity research analyst and a strategic... read more
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Banks must decompose legacy “ball of mud” to grab cloud opportunity

30th January 2019

Company: bobsguide
Banks need to unbundle legacy IT infrastructure if they’re to take advantage of the benefits the cloud and APIs can bring, according to Danny Healy, financial technology specialist at MuleSoft. “Banks will typically layer new technology on top of what they’ve already built. This is why we refer to this bundle as a ‘ball... read more
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Report: Fintech hubs and governments vie for post-Brexit market share

30th January 2019

Company: bobsguide
In the first half of 2018 the UK received record levels of investment in the fintech sector – with over $16bn investment, according to KPMG. That’s $2bn more than the amounts raised in the Americas and China, individually, and six more than the rest of Europe. But while the UK has been active in its pursuit of fintechs, uncertainty... read more