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Shaun's blog archive

2020 (2)
Shaun Puckrin

Shaun Puckrin

CPO at Global Processing Services
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Balancing Innovation and Regulation: Fintech Trends and Challenges

19 May 2020

The financial services industry has been ruled by traditional banks for decades, but with the financial crash in 2008, regulation and microinspection paved the way for younger and more innovative competitors, leading to a new era of challenger banks. Driven by digital processes and new technology, and fuelled by the introduction of PSD2 regulation...

Banking Architecture

Are banks that run on legacy systems able to compete with their digital counterparts?

13 May 2020

Now, more than ever, the disparity between the legacy systems still used by some traditional banks, and the newer systems used by challenger banks, is stark. It goes without saying that systems developed back in the 70’s were not designed for our modern world. Legacy systems are not adaptable. How could they be? Those who designed them had no idea...