Wholesale / Commercial Banking Systems Insights

Considering it was heralded as one of the biggest revolutions in retail banking of recent times, consumer awareness of open banking remains disappointingly low in the UK. In new research conducted by CREALOGIX, two thirds of the 2,000 respondents questioned had no idea what open banking was or is. Furthermore, less than 8% of respondents regarded... read more

Small and medium sized enterprise (SME) lenders can expect defaults and losses as they aren’t fully prepared for a downturn, according to OakNorth co-founder Rishi Khosla. “A default is inevitable in the business cycle,” said Khosla, who was speaking at Money 20/20 in Amsterdam. Khosla is adamant that OakNorth will perform... read more

By David Loeser, Senior Director of Product Strategy, Accuity Deceptive shipping activity is on the increase and is gaining the attention of US Department of the Treasury’s Office of Foreign Assets Control (OFAC). The office is responsible for issuing and enforcing sanctions based on US foreign policy, and recently updated its advisory... read more

Payments markets are changing drastically, forced by the hand of national and regional regulators as well as a technological advances driving at an incredible pace. Banks and other financial institutions are sitting up to take note. Here, bobsguide speaks with Mohammed Kateeb, group chairman and CEO of Path Solutions – a firm that featured... read more

Despite disagreement over the liquidity level of exchange traded funds (ETFs) thanks to the volume number of funds that are traded off-exchange, ETFs remain liquid, said Deborah Fuhr founder of ETFGI at a conference in London this week. However, not everyone agrees. Europe’s Market in Financial Instruments Directive (Mifid II) requires all... read more

Tech stack build decisions at banks and financial institutions are becoming increasingly more complex, with more vendors providing different types of technological solutions for a variety of processes. Nowhere is this more evident than within the treasury sector. On top of that, organizations within financial services are changing with an... read more

Decades-old know your customer (KYC) processes in corporate banking are unsustainable, says Bart Claeys, head of KYC at SWIFT, and nascent technology like distributed ledger technology (DLT) has a way to go to prove its effectiveness in assisting market requirements. “I think today there is a realization that the current way that KYC is... read more

European market participants will feel the impact of Hong Kong’s proposal to remove 17 jurisdictions from the masking relief of its reporting obligations. “A lot of European financial institutions would have clients or counterparties in Asia or Australia, so it may be a small number of transactions, but it would affect most... read more

For what SMEs lack in size, they more than make up for in passion. There are some 5.4m SMEs across the UK operating with fewer than nine employees. They can certainly be categorised as lean, but their agility has been dependent on how quickly they can process manual operations. Low budget, multitasking staff and increasingly the same... read more