1148 Results from 2018
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
After so much innovation and disruptive technologies, the issues surrounding legacy systems still prevail at scale. For example, Global Banks are spending around US$220bn a year on IT expenses, with over 70% spent on maintaining legacy systems. These huge legacy maintenance costs are delivering less each year as the complexity of needs increases,...
20 April 2018 /ai Fintech innovation and startups
Retired Member
Enterprise Risk Management. Arguably the largest evolutionary change in risk management for financial institutions has been the elevation of the risk management function to a key role in firm management. Risk is truly an overriding firmwide concern in modern financial institutions and a centralized oversight group is needed to provide governance
19 April 2018 /regulation Operational Risk Management
Sundara Balaji
Most conversations around banking and Fintech feature two themes - API monetization and digital innovation. However, that’s where the similarity ends, because the two impact the banking industry in very different ways. Case in Point 1: ING – Digital Innovation ING was the first major bank to see a potential alternative business model in the digital...
19 April 2018 Fintech
1. Beneficial Ownership Threshold FinCEN has reiterated that the specified threshold (25%) is a floor, not a ceiling. It has left to the discretion of covered financial institutions (FIs) to implement stricter thresholds if they so choose. In addressing a requirement to impose stricter thresholds for certain customers, FinCEN directs that any incr...
19 April 2018 /regulation /wholesale Financial Services Regulation
Starting October 1, 2018, CME Regulatory Advisory RA1720-5 comes into effect. The advisory details the limited use of suspense accounts, which are temporary holding accounts submitted at the time of order entry into Globex, but prior to the allocation of the executions to specific accounts on a carrying clearing member’s books. Only a de minimis ...
18 April 2018 /regulation
Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group
The speed at which blockchain-based applications are evolving beyond pure financial transactions must not induce banks to mistakenly think that the business is running out of their hands. On the contrary, the relationships and trust that financial institutions have built with their corporate clients are the foundation of a healthy and productive en...
18 April 2018 /wholesale Futuristic Banking
The UK’s Financial Conduct Authority (FCA) has just released its Business Plan for 2018/2019. While much of it focused on preparations for Brexit, it’s clear that there’s more on the regulator’s agenda. Here are the key issues raised: 1. Brexit: The Brexit issue is front and centre in the FCA’s Business Plan. Overall, the document positi
18 April 2018
Alex Kreger Founder and CEO at UXDA Financial UX Design
Each year technology makes the world more complex for people to understand. So, easy-to-use services for consumers are in particularly great demand. Due to the nature of the human mind: it is vital to perceive the world in a simple way. Any financial service can get an advantage by delivering a perfect user experience based on a simple interface. ...
17 April 2018 /retail /devops Innovation in Financial Services
Ahmed Khidhir Digital Banking Expert at Temenos
With the expansion of easily accessible and convenient digital banking services - such as mobile and tablet banking, as well as online banking for personal computer platforms - bank customers are getting reluctant to visit bank branches, and prefer to conduct their daily banking activities online. As customers are spending less time in branches, ...
17 April 2018 /retail Online Banking
Kunal Patel Product Director at Worldpay
I am not an expert or an authority in the area of regulation and more specifically, RegTech solutions but I understand the importance of what RegTech can bring to the work being undertaken by FinTech start-ups and banks. I traditionally tend to focus on what's happening within the FinTech and banking industry, but I take an interest in other areas...
16 April 2018 /retail Fintech
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