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Transaction banking generates lucrative and stable annuity revenues that are highly profitably at scale. For this reason numerous new non-bank entrants ranging from payment institutions (PI), payment ...
SWIFT, the global messaging network used by banks to send payment instructions, was forced to warn its customers last week that “a number of recent cyber incidents” had taken place on its system invol...
Behind closed doors in a small office, off an nondescript corridor, in a rather large building on Rue Wiertz in Brussels, Belgium a hushed conversation took place last month. Shortly afterwards a pie...
There were the times when banks had almost everything. They offered deposits, loans, cards, money transfers, currency exchange, insurances and so on. And the most compelling thing was that they had al...
I recently had the privilege of participating in roundtables hosted by Deutsche Bank and HSBC in Singapore and Hong Kong. Other local banks and corporates also attended to discuss some of the challeng...
Open APIs are finding their way into the payments industry. They often facilitate the customer driven ‘opening up’of banks to the outside world in a secure, scalable, reusable and self-service fashio...
As blockchain, a distributed ledger technology, makes regular headlines it is becoming clear that many discussions on its use in financial services center around so-called smart contracts. Barclays re...
Introduction For the purpose of argument I’ll take paradox to be defined as: “A statement or proposition that seems self-contradictory or absurd but in reality expresses a possible truth”, or “An opin...
Starting 3 July 2016 the FCA’s Market Abuse Regulation (MAR) controls for asset managers come into practice. MAR aims to increase integrity and investor protection while creating a level playing field...
We all know the age-old saying: “Knowledge is power.” It’s still true, perhaps more now than ever. I’ve noticed that the more data regulatory bodies require us to create and archive, the more access w...
There’s a lot of discussion surrounding the utilization of distributed ledger technology within the traditional financial services industry, and how the combination of regulation and digital identity ...
In my 30+ years working in financial services, I have participated in the purchase of $100 million of financial technology. In the course of this, I interacted with many different kinds of softwar...