Retail Banking Systems Insights

Wholesale markets have seen a large increase in the number of people executing financial trades on electronic platforms, a rise directly attributed to the pandemic, as well as improved engagement. Those banks that had platforms in place have benefitted considerably, enhancing their collaboration with the buyside on quotations, analytics, pricing... read more

Understanding and monitoring the Average Aggregate Notional Amount (AANA) calculations as early as possible can provide firms caught by the Uncleared Margin Rules (UMR), with an opportunity to reduce business costs and optimise trading exposure, according to Cassini’s CEO and founder, Liam Huxley. "Effective AANA management provides... read more

JPMorgan Chase recently announced it will offer UK consumers “a completely new banking choice” with the launch of its new digital challenger later this year, but consultants are warning that those looking into the market must be clear on the path they are taking. “I’m really sceptical,” says Mark O’Keefe,... read more

Challenger banks’ cultural approach to technology and data analytics have become vital components in ensuring consumer confidence over online banking, according to Jason Maude, chief technology advocate at Starling Bank. “The industry thinks we are successful because we have more modern technology, but we don’t. We’re... read more

On January 12 Challenger Revolut launched confirmation of Payee with Modulr as part of its latest anti-fraud security feature. This comes after it announced it had applied to the FCA for a banking licence the day before. Payments provider Mastercard, on January 18, announced it had joined forces with FrenchSys to enhance and speed up the... read more

Forty-one percent of authorised push payment (APP) scams have been reimbursed since the introduction of the Contingent Reimbursement Model (CRM) but “there is more to do”, according to the Lending Standards Board (LSB). The self-regulatory body published its review into the voluntary code following an industry wide consultation... read more

In the beginning, digital challengers presented themselves as a kind of anti-bank proposition. This initially served them well, especially in the wake of the 2008 financial crisis - which eroded peoples’ confidence in high street lenders so severely that ten years on two thirds of Brits still do not trust banks, according to a YouGov poll. ... read more

The Securities and Exchange Commission’s (SEC) latest charges against Ripple Labs Inc shows the regulator’s ambition to further supervise ongoing developments in the crypto space. But while increased regulation is expected following cryptocurrencies’ recent developments, the SEC’s latest move is an attempt to curb... read more

2020 was a year all of us are probably keen to forget. From an economic and business standpoint, the two extended periods of ‘lockdown’ delivered an unprecedented body blow across all commercial sectors. Hospitality and travel experienced an existential crisis, along with large swathes of retail suffering the most dramatic economic... read more