1026 Results from 2017
Retired Member
Our identity proves more than just who we are – it is also our key to obtain access to financial services, government benefit programs, healthcare, and other services. Access to these services are crucial for anyone but can be especially beneficial to low-income individuals seeking assistance. However, these individuals (especially those in develo...
06 September 2017 /inclusion
Open banking rests on enabling customers to give consent and control to a third-party relationship involving their data and transactions. This ability to help the customer manage this relationship is key for the bank. The customer has the right to terminate a third party relationship at any time and request to be forgotten. The legal right to be f...
05 September 2017 /regulation Trends in Financial Services
Last month, I had published a post here on FinExtra titled Blockchain in Action : Round-up of blockchain stories from July 2017 . A month down the lane, I was curious to look at recent developments in the blockchain ecosystem across the globe to look at blockchain solutions that have gone live. In this post, I have curated a list of all the casele...
05 September 2017 Fintech
Shyam Khandelwal Business Analyst at HSBC
Background The other day I was shopping on Amazon and Flipkart online. I chose a mobile to buy and on the same page, another section came up which had information displayed for a mobile cover and a screen protector for that mobile. The site also created a combo deal of all 3 items (mobile, cover and protector) and gave the total amount which needs...
05 September 2017 /retail /wholesale Futuristic Banking
Cloud database technologies continue to evolve at pace - handling huge amounts of data, scaling horizontally and not costing the earth. With the launch of Google Cloud Spanner, banks can now harness horizontally and globally scalable data stores across their entire trading business, creating dramatic improvements in cost efficiency, resilience and ...
05 September 2017 /regulation
Arpana Sharma Subject Matter Expert at Genpact
Do you feel lost without a mobile device? Research suggests mobile users can't leave their phone alone for six minutes and check it up to 150 times a day. Banks need to adapt to this fundamental shift in customer behaviour. As customer change, organizations are heavily investing in deploying bots to service them. Capital One’s chatbot Eno, Royal Ba...
05 September 2017 /ai /retail Digital Banking Trends
Anjani Kumar Principal Consultant - FS Risk & Compliance at Infosys Limited
As per the United Nations Office on Drugs and Crime (UNODC) estimate, each year, across the globe, the value of money that is laundered equate to 2 - 5% of the global GDP. In absolute term, this amounts to USD 800 billion – USD 2 trillion. Unsurprisingly then, governments and policy makers across the globe have been concerned with the rampant mena...
05 September 2017 /ai /regulation Banking Architecture
The upcoming implementation of the second iteration of the Markets in Financial Instruments Directive (MiFID II) is without doubt one of the most talked-about topics in the finance industry this year. So much so that for some firms the issue of making operational changes to prepare for the looming January 3 deadline has become more of a burden tha...
04 September 2017 /regulation MiFID
Introduction The genesis of the Client suitability and appropriateness framework lies in Markets in Financial Instruments Directive (MiFID II) regulation. MiFID II is scheduled to be implemented in January 2018. The aim of MiFID II is to increase efficiency and transparency in the European financial markets and to increase protection for investor...
04 September 2017 /regulation /inclusion MiFID
Carlo R.W. De Meijer Owner and Economist at MIFSA
These are interesting times for blockchain and distributed ledger technology. My last blog of 23 August was about the Microsoft CoCo Platform (see: Microsoft CoCo Platform: blockchain game changer?) that could become an important trigger for further and more scaled blockchain adoption. And now it was recently announced that another six internatio...
03 September 2017
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