Retail Banking Systems Insights


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

Small banks face increasing intraday liquidity pressure

12th February 2020

Company: Planixs
Pressure is mounting on smaller financial institutions not only to monitor, but to actively examine and control intraday liquidity in real-time. Since the financial crisis, intraday liquidity management has become a focus for regulators. In April 2013, the Basel Committee on Banking supervision published guidelines on monitoring tools for... read more

Six use cases for Open Banking that will change how you view it

11th February 2020

Company: DirectID
The last twenty-four months have seen the publication of hundreds upon hundreds of articles decrying the lack of impact that Open Banking has made upon the finance sector or for the consumer. Even those supportive of Open Banking continue to limit their horizons to some of the challenger banks or apps such as Moneybox or Money Dashboard which... read more

Q&A: FDX’s Don Cardinal on a global API standard

6th February 2020

Company: bobsguide
As data transparency and protection gain prominence across financial services, the market is looking for a definitive global data sharing standard. In Europe, requirements such as the General Data Protection Regulation (GDPR) and the second Payment Services Directive (PSD2) have cracked down on financial data usage. Meanwhile, a market-led... read more

Real-time requirements disrupt trade reporting

5th February 2020

If the heavy compliance burden wasn’t already overwhelming financial institutions and broker-dealers, the accelerating shift to near real-time reporting is tipping many over the edge. For me, this was the most striking finding from a new research report, Meeting the challenges: Compliance and obligations across regulatory regimes,... read more

People moves: Numerated, Tech Nation and more

4th February 2020

Company: bobsguide
Numerated appoints a new CFO Massachusetts-based financial service technology firm Numerated announced in January the appointment of Duncan Perry to the role of chief financial officer. Commenting on his appointment Perry said: “The banking industry is at a precipice in solving for digital disruption, and the team here at Numerated has... read more

Retrospective ID investigations needed for 5AMLD

4th February 2020

Financial services companies based in the EU now have yet another regulation to adhere to: the fifth Anti-Money Laundering Directive (5AMLD) that became law in early January. But how many have taken steps beyond ensuring their new customer onboarding process is set up for compliance with these new regulations? Equally as important, existing... read more

What is the future of banking technology for 2020?

3rd February 2020

Company: Auriga
Just like the previous year, Auriga kick-starts the new year with a list of 2020 trends, which we anticipate will define the banking sector in the upcoming 12 months. 1. Bank branches remain a necessity Bank branches nationwide may be reducing in numbers due to their expensive running costs; however, it will remain a traditional and vital... read more

Better tech investment needed to face asset management turmoil

27th January 2020

Company: Murex
Facing a slew of industry complications, asset managers today are increasingly investing in tech to alleviate pain points – but comprehensive tech solutions are needed to ease complexity. In 2014, PwC reported that 2020 would see the asset management industry, known for occupying a relatively low-tech infrastructure, embrace a tech-centric... read more