1075 Results from 2016
Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group
My grandmother likes to stay informed and recently told me: << I read on the magazine a few days ago about something called “blockchain”. Everybody seems to have fallen in love with it so it must be something important. Unfortunately the article was full of technical jargon and I could not understand a thing. Do you know what it is? >>...
18 March 2016 /payments Transaction Banking
Retired Member
As we progress through 2016, the regulatory landscape is being shaped by many new or emerging initiatives. It is sometimes easy to forget that the initial start to all this was political, generally in reaction to the market crisis of the past. This summer sees a new date added to the regulatory calendar: 23 June 2016. This is the date that the UK ...
18 March 2016 /regulation /wholesale
Konstantin Rabin Head of Marketing at Kontomatik
When banking APIs emerged, or even when their processing screen scraping technology was used, banks hysterically objected, trying to block this “extraordinary” access to their clients’ data. It wasn’t only security precautions, which drove this reaction — banks often referred to as opening the Pandora’s box — but mostly something very simple and p...
17 March 2016 /retail /inclusion
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
They said cash is costly. It didn't work with merchants. They launched one mobile wallet after the other to drive cashless behavior. It didn't work with consumers. They scared people away from currency notes, claiming they contain all kinds of germs, bacteria and viruses. It didn't work with anyone. 85% of world’s transactions happen in cash. Sour...
16 March 2016 /retail
Most banks would admit familiarity with some or all of the following: (i) a large unwieldy mash-up of silo systems that may or may not talk to each other; (ii) complex, interacting business activities with unreliable reporting hierarchy, compromising ability to spot frauds, optimise RWA allocation and monitor risk positioning in a timely manner; (...
16 March 2016 /regulation
With multiple exchange operators from overseas courting London Stock Exchange Group (LSEG), and with the "Brexit" referendum coming in June, a topical question is - who will issue ISINs for the UK in the future? One reason for the question is that the UK itself has no right today to issue ISINs. LSEG has the sole right to issue ISINs f...
15 March 2016 /regulation
The deadline for enforcement may not be written in stone, but the countdown for MiFID II is on. As part of the new regulations, enterprises need to ensure that all records relating to client orders are archived. The emphasis now is on content, not channel and that means all communications, not just email but social media too, needs to be captured....
15 March 2016 /regulation MiFID
The pace of regulatory change is not slowing down: financial institutions realise they cannot just keep adding people and localised processes, most likely with yet more spreadsheets, just to meet its demands. By stepping back from the day-to-day focus on the next report, firms can take a strategic look at how their operations meet ongoing, evolvin...
15 March 2016
After previous posts on PSD2 timelines and the role of the EBA in determining its technical detail, the question has been asked who will define the open APIs which banks will be required to implement under the directive. The somewhat underwhelming answer is that we are not certain. Following its industry consultation, the EBA is off for a perio...
15 March 2016 /regulation /retail
Pension freedom has created a greater need for at retirement advice, but consumers also have pressing advice needs around reducing debt and protecting their families. Employers provide a pension, but can they play a role in advice too? What about other areas of financial planning, can employers be expected to take the load? The Treasury publishe
14 March 2016
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