Retail Banking Systems Insights

/images/news/78138.jpg

Firms utilising risk-based approach to deal with Mifid compliance

15th November 2018

Company: bobsguide
Many firms have turned to a risk-based approach in assessing compliance capabilities to fall in line with the Markets in Financial Instruments Directive (Mifid), and its successor, Mifid II. That’s according to John Byrne, CEO of Corlytics who was speaking this week as part of a webinar on regulatory compliance. Mifid’s first... read more
/images/news/78121.jpg

Canada’s Tangerine utilises customer data to disrupt status quo

8th November 2018

Company: bobsguide
As the impact of GDPR continues to ruffle feathers with the European data protection supervisor, Giovanni Buttarelli, told Reuters to expect fines “by the end of the year.” While GDPR has profound consequences in Europe, its tremors are also provoking debate across the Atlantic. Justin Trudeau and StatCan were thrust into the data... read more
/images/news/78120.jpg

Monzo API engineer backs Open Banking strategy

8th November 2018

Company: bobsguide
“People are going full Monzo,” said the bank’s founding API engineer, Simon Vans-Colina on the sidelines of Fin42, reacting to the statement that Monzo lacked the edge to become a primary account. “There’s a handy button in the Monzo app that lets you close your old account and bring everything over.” But... read more
/images/news/78117.jpg

Bloomberg’s Tonin outlines blockchain’s three critical applications

8th November 2018

Company: bobsguide
There is a small handful of primary use cases for blockchain technology, according to Francesco Tonin, FX market specialist, Bloomberg speaking at an industry event in Chicago. “International payments work,” he said, “but it takes a long time, you might need to use a correspondent bank, you might not know where any given... read more
/images/news/78108.jpg

HSBC moves to clean up data breach

6th November 2018

Company: bobsguide
Today HSBC customers in the US were notified of a breach of data that occurred last month. The cyber attack is supposed to have affected less than 1% of their US accounts, with evidence of an unauthorised log-on leaving some personal information accessible. According to an Accenture report published in 2016, 59% of banks admit it takes... read more
/images/news/Goldman-treasurers-78106.jpg

Goldman’s US head of liquidity solutions: 2018 has been good for treasurers

6th November 2018

Company: bobsguide
This year has been the best environment for treasurers in the US since the global financial crisis, according to Dave Fishman, managing director and head of liquidity solutions, US, Goldman Sachs. “[Post-financial crisis] this is the first time that you’ve been able to achieve on cash a return greater than the inflation rate. An... read more
/images/news/78104.jpg

Treasury management does not need “bells and whistles”

6th November 2018

Company: bobsguide
The software market serving treasury managers requires fundamental change rather than many “flashy” offerings currently being provided by fintech players, according to Phil Beck, head of treasury management at Capital One – the US based banking and finance institution. “A lot of the fintech stuff I see out there is a lot... read more
/images/news/78102.jpg

FCA data underlines need for flexible resourcing

6th November 2018

Company: bobsguide
For those who’ve seen it, complaints data published by the FCA for H1 2018 doesn’t make pleasant reading for banks and other financial providers. The total number of complaints reached a record level of 4.13 million, a 10% increase on the previous six months. This was the fourth successive half year increase. Once again, PPI was a... read more
/images/news/Banking-UK-payments-78096.jpg

UK banking payments report: The race to become Open Banking ecosystem orchestrator

5th November 2018

Company: bobsguide
“Payments is now a new battleground,” says John Hutton, director of payments at Nationwide, “particularly with Open Banking and the adoption of Third Party Providers (TPPs) and Payment Initiation Service Providers (PISPs). Through that ecosystem a TPP can start to manage on behalf of a customer.”   If the convergence... read more
/images/news/78087.jpg

Payments outages suggest retail value chain must be reassessed

1st November 2018

Company: bobsguide
Thousands of UK businesses were unable to process payments because of a network outage at the beginning of the week, with reports suggesting Worldpay encountered a temporary fault.   Such an incident illustrates how vendors and their partners must continually assess their infrastructure, says Dr Yannis Larios, Business Development Director... read more