Retail Banking Systems Insights

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Report: Financial regulators stand firm in face of data-hungry BigTech

12th August 2019

Company: bobsguide
“We are seeing some companies looking to establish a payment system that bypasses our banks and our currency,” US Federal Reserve governor Lael Brainard said in early August, announcing the central bank’s plans to launch a new payments network. “Facebook's Libra project raises numerous concerns that will take time to... read more
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US regulators need data breach prevention focus

7th August 2019

Company: bobsguide
US regulators should avoid using punishing fines as a first response to data breaches at banks and focus on building prevention solutions, say security experts. Doug Wick, vice president at data security firm ALTR, believes that regulators have been successfully affecting change at banks for decades. “But they aren't good at... read more
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US/Canada regulators move toward EU-style beneficial ownership rules

5th August 2019

Canada and the US are moving toward greater transparency for corporate ownership, but they still fall short of some countries in Europe in making beneficial ownership data readily available to law enforcement, financial institutions and the public. “Canada and the US both still have a ways to go behind the UK and Ukraine with... read more
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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
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Transforming trade data: how to tap its analytics potential

22nd July 2019

For wholesale banking institutions, trade reporting might appear to be little more than a painful and costly burden. But what if a consolidated, cloud-based approach to trade reporting could also serve as the basis for unprecedented business analysis and insight? In retail banking and credit card provision, as indeed in many other... read more
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SunTec CEO: Banks should ignore core replacement pressure

18th July 2019

Company: bobsguide
Banks shouldn’t feel pressured into wholesale changes to their core banking systems, when the real battle for innovation and customer retention will be won with software and services sitting in the middle layer, says SunTec CEO Nanda Kumar. “Humans have 70 different organs, and each has its own function. You don’t try to change... read more
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TMS providers struggling with corporate change

15th July 2019

Company: Analyste
The market for treasury management solutions has changed dramatically over the course of the past few years. From technological advances – such as the proliferation of the cloud – to the way the treasury function has changed in recent times, corporate and bank treasurers find themselves with a wealth of options to choose from. But... read more
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The importance of cash and ATMs in today’s payments landscape

11th July 2019

Company: Auriga
Over half a century on from the ATM’s birthday, headlines about ATMs closing at a record rate and the rise of so called ‘ATM deserts’ – areas where the cash dispenser is a rare sight – have not been in short supply. ATMs under threat from rising costs One of the main reasons why cash and ATMs are under threat is... read more
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SME expectations to force change in banks’ tech strategy

4th July 2019

Company: bobsguide
Changing expectations among Small and medium enterprises (SMEs) will force banks to acquire new technology and drastically change their development culture, according to Louis Carbonnier, co-founder of SME insurance firm Hokodo. SMEs have at times been left in a no man’s land, without insurance, funding, or proper services, says... read more