Treasury Management Systems Insights

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US banks explore alt data for credit underwriting

13th December 2019

Company: bobsguide
US banks are researching use cases of alternative data in the lending space, according to software vendors. “The risk of using alternative data without some sort of guidance framework is that data can be used intentionally or unintentionally in a discriminatory fashion. So that’s why we are very concerned as an... read more
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Scope of FCA’s cryptoasset AML regime unclear

11th December 2019

Company: bobsguide
The UK's Financial Conduct Authority (FCA) is unsure as to whether international firms conducting cryptoasset activity in the UK will be subject to the country's new anti-money laundering (AML) regulation. National regulators have until January 10 next year to incorporate requirements under the fifth anti-money laundering directive... read more
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Treasurers’ priorities today will shape the banks of tomorrow

11th December 2019

Company: Finastra
The IDC Global Corporate Treasury Survey 2019 conducted by IDC in partnership with Finastra provides a unique snapshot of corporate treasurers’ current and future priorities. Looking across the findings, one of the most striking is that 47 percent of the respondents can see opportunities for banks to enhance their offerings and deliver... read more
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Cash management for multinationals and global banks

9th December 2019

Managing cash across multiple banks usually involves numerous tokens to access proprietary and isolated bank portals, or for the more complex treasury operation, different file or SWIFT based links to each bank. As a consequence, information is not always consolidated for ease of reporting and intuitive cash management. Lengthy waits for... read more
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Give thanks for the Fed – intraday liquidity reflections from New York

3rd December 2019

Company: Planixs
I’ve just returned to the UK after a week in New York where I was able to test the latest thinking and progress on intraday liquidity in the US and Canada. Here I provide six reflections on how firms are addressing the intraday challenge - keep reading to the end as reflection six explains how the Federal Reserve is increasing the intraday... read more
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Report: Race on for CCPA compliance

2nd December 2019

Company: bobsguide
With the California Consumer Privacy Act (CCPA) going into effect on January 1, firms with activities in the world’s fifth largest economy are fighting against the clock to get their houses in order to comply with the requirements, according to lawyers and market participants. “There’s so much to do and we’re running... read more
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Why financials are under pressure to secure email identity

26th November 2019

A local independent mortgage broker has run into trouble. A loan payment that was expected to go into a client’s account has not materialised. After contacting the lender to find out what has happened it transpires that it received an email purporting to be from the broker asking for deposit account details to be changed. The broker feels... read more
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Banks to assess internal data with greater frequency

22nd November 2019

Company: bobsguide
Banks must focus on breaking down their data management strategies to a quarterly basis, said the chief data officer, risk and finance at ING Bank on a panel at the Financial Information Management conference in London this week. “If you make a plan for [data] you think, ‘yes we can do that in a year, two years, or three... read more
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Rising to the digital banking challenge

21st November 2019

Company: TAS Group
To keep up with customers’ demands and drastically changed lifestyle, as well as reducing competition pressure by new players entering the market, banks are looking to digitally transform their existing infrastructures, with some establishing new digital subsidiaries to avoid legacy traction. Moving traditional banks online has been... read more