Latest opinions that Joris Lochy has shared on Finextra

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Joris Lochy

Product Manager at Intix | Co-founder

Capilever

Member since

05 Apr 2017

Location

Brussels

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Joris's opinions

Low- and No-code platforms - Will IT developers soon be out of a job?

“The future of coding is no coding at all” - Chris Wanstrath (CEO at GitHub). Mid May I posted a blog on RPA (Robotic Process Automation - https://bankloch.blogspot.com/2020/05/rpa-miracle-solution-for-incumbent.html) on how this technology, promises the world to companies. A very similar story is found with low- and no-code platforms, which also ...

12 July 2020 /devops Banking Architecture

Marketplaces in the financial industry - Here to stay?

Marketplaces are hip and trendy on the internet and will likely evolve even more in the near future. In some markets (like food delivery, transportation, commerce, holiday…) they already represent double digit market shares (e.g. in 2018 $1.86 trillion was spent globally on the top 100 online marketplaces), but for the financial services sector, ...

30 June 2020 /devops /markets Open Banking

Don’t underestimate your positive impact as a software engineer in the financial services industry

“In every day, there are 1,440 minutes. That means we have 1,440 daily opportunities to make a positive impact.” - Les Brown As human beings we all strive to be appreciated. For young people this is the appreciation of their friends, family, colleagues…, but as you get older you strive also towards after-live appreciation, i.e. your legacy. With t...

23 June 2020 /devops Whatever...

A gift voucher - It’s all about the story telling

In a time of real-time, instant payments, it is strange to see that companies providing pre-paid gift vouchers are still massively being created and continue to grow. At first sight buying such a gift voucher has only disadvantages, as it converts liquid currency to a product, with less favorable qualities (i.e. can only be consumed in certain shop...

16 June 2020 /payments The future of Payments in Europe

A demographic shift changing the financial landscape forever

The Baby Boomer generation (i.e. the generation born between 1946 and 1964 - so between 55-75 years old) is retiring in record numbers. In the US alone, about 10.000 baby boomers will retire every day. Such an enormous retirement wave will have enormous impacts on the economy: An enormous amount of jobs will need to be replaced, resulting in a va...

09 June 2020 /wealth /retail Capital Markets Technology

Customer acquisition cost: probably the most valuable metric for Fintechs

With the word "tech" in Fintech, there is automatically a strong focus on technology in this sector. As a result, we tend to think that the biggest cost of a Fintech company is in building and maintaining the underlying software (tech) solution. In some bottom-up organized firms, which are usually built on top of an open-source core produ...

03 June 2020 /sustainable /startups Fintech innovation and startups

Testing: overkill or an absolute necessity

The tech-companies of Silicon Valley (with Facebook one of its most notable proponents) embrace the attitude of "Move Fast and Break Things", "Sell/Ship First, Fix Later" and "Growth at any cost". This philosophy promotes a fast time-to-market (and being first on the market) over quality. The idea is that if you aren’...

25 May 2020 /devops Business Knowledge for IT

RPA - The miracle solution for incumbent banks to bridge the automation gap with neo-banks?

Hypes and marketing buzz words are strongly present in the IT landscape. Often these are existing concepts, which have evolved technologically and are then renamed to a new term, as if it were a brand new technology or concept. If you want to understand and assess these new trends, it is important to reduce the concepts to their essence and compare...

18 May 2020 /devops Banking Architecture

Your Personal Balance Sheet - Should everybody have one?

For companies a financial balance sheet (i.e. the statement of the financial position at a certain date) is common practice and for the majority of companies even mandatory to create one as part of their annual reporting. In such a balance the assets are put against the liabilities, with the sum of the assets always equal to the sum of the liabilit...

05 May 2020 /wealth /retail Trends in Financial Services

Pre-paid cards - An outdated concept with a lot of innovative potential

In most industries there is an evolution from pre-paid to post-paid, i.e. instead of having to acquire products or pay costly subscriptions or licenses upfront (with a lot of unnecessary features), there is a tendency to pay more based on usage. This trend of "Everything as a Service" is converting massively CapEx into OpEx, which financ...

20 April 2020 /payments /retail Payments strategies 2015-2020-2030

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