NatWest brings PFM app to crowded market

2nd April 2019

Company: bobsguide
Yesterday, NatWest began trials on the bank’s Mimo app, its new personal finance manager (PFM) designed to give customers greater insight into their finances. While this is certainly not the first of its kind to market, Mimo lead Calvin O’Brien believes it is bolder, more ambitious and bigger than other propositions. “Firms... read more

Banking panel: Incumbents must cauterise core systems

2nd April 2019

Company: bobsguide
Banks must act quickly to cannibalise their core banking systems or risk losing market share to newbuild challengers. “Incumbents cannot be innovating in the future,” said CEO of digital bank Pepper, Michal Kissos Herzog. “You actually need to take the decision to cut off the legs to preserve the body. The ones who are willing... read more

The role of collaboration and culture in digital transformation

2nd April 2019

Company: Fenergo
For digital transformation to be a success, collaboration is crucial. While technology enables new ways of working, collaboration is the key catalyst to moving the dial on digital transformation programme success. Digital-first, customer-centric financial institutions that have achieved harmony between digital transformation and collaboration share... read more

Banks look to fend off emerging big tech threat

2nd April 2019

Company: Nuxeo
The decade since the financial crisis of 2008 has been a challenging time for the financial services sector. Not only has the industry had to face the increased compliance and governance requirements that emerged as a result of new and tighter regulation intended to prevent a similar crisis in the future, but it has also had to face increased... read more

Detecting and preventing bank fraud

1st April 2019

Fraud continues to be a problem for consumers and the banking industry. According to Javelin Strategy & Research in 2017, 16.7m people were victims of identity fraud and they lost an estimated $16.8bn. The Consumer Sentinel Network, maintained by the Federal Trade Commission (FTC), found that of the 2.7m identity theft and fraud... read more

Treasury managers avoiding blockchain “like the plague”

29th March 2019

Company: bobsguide
It will take four to five years for the treasury management sector to embrace blockchain technology in assisting with calculations of reference rates, according to John Byrne, owner of Salmon Software. “If you ask any corporate treasurer would they use blockchain as an alternative, you would fit their response on the back of a stamp... read more

Starling head of fraud: In-house tech allows us to react more quickly

29th March 2019

Company: bobsguide
The in-house technology employed by Starling Bank gives the digital-only challenger great advantage over their incumbent competition when it comes to reacting to fraud. That’s according to the bank’s head of fraud, Catherine Walpole - who was speaking yesterday on a bobsguide webinar. “All the in-house technology that we can... read more

Industry reacts to Apple Card: “extremely similar to other products”

28th March 2019

Company: bobsguide
“Built on simplicity, transparency and privacy, and designed to help customers lead a healthier financial life” reads the opening of the Apple press release unveiling its new credit card. The card, which is supported by Mastercard and Goldman Sachs, will link up with Apple Wallet, allowing near instant set up and go according to the... read more

Regulatory flexibility drives Asia's cryptocurrency markets

28th March 2019

Company: bobsguide
Constant dialogue and regulatory flexibility is propelling Asia to the forefront of the crypto industry, while Western jurisdictions and regulators fall behind by adopting a slower “wait and see” approach, according to executives at two EU-based cryptocurrency firms. “Asia can already claim its status as a hub for the... read more

Regnosys: Isda’s CDM 2.0 to “force the convergence” of DLT interoperability

27th March 2019

Company: bobsguide
The International Swaps and Derivatives Association (Isda)’s latest common domain model (CDM) will force much-needed convergence of distributed ledger technology (DLT) looking to assist in the derivatives market, according to Leo Labeis, co-founder and CEO of Regnosys, the firm responsible for the digital version of the CDM. “You... read more