1148 Results from 2018
Retired Member
KYC requirements have become a very time consuming and costly process, requiring different banks to conduct similar (if not the same) due diligence on the same customers over and over again. This becomes especially onerous when dealing with entity customers with complex ownership structures. It’s frustrating for both customers and banks. One of
26 March 2018 Financial Services Regulation
This week has seen Bloomberg and Thomson Reuters lose market share in the highly valued market data arena. Market data is the lifeblood for every trader, and for decades Bloomberg and Reuters have owned this space – and let’s be realistic they still do. But attitudes are changing and this is due to a number of factors: The strength of the US Dolla...
26 March 2018 Contributed Data
Jeremy Light Co-founder at Fourdotzero
On 25 March 2018, a Quantas 787-9 Dreamliner touched down at Heathrow airport to inaugurate a new non-stop service between Australia and London. It cut a full three hours off the normal 20 hour journey. In the commoditised world of air travel, that is a game-changer. Differentiating from the competition has been a challenge for the airline industry...
26 March 2018 /payments Disruption in Retail Banking
While the citizens of Norway, Finland, and Denmark all have at least one bank account, there are developing countries like the Central African Republic, Niger, and Madagascar, where the percentage of the unbanked population rises well above 85%. The poverty rates in such places are quite high, and is part of a vicious circle, since the inability t...
25 March 2018 /inclusion Financial Inclusion
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Summarizing milestones - my own experience mostly based on Fintech in Finland. (Union Bank of Finland>Merita Bank>MeritaNordbanken>Nordea Bank, Mobey Forum, Visa Advisory board, EU Expert Groups, Real Time Economy Program, Tieto, MyData etc): 1950s - Strong emphasis on payment standardization and four corner models > competition
25 March 2018 Digital Banking Trends
Gavin Scruby CIO at SmartDebit
The first generally useful application of Open Banking is here in the UK. While it will be some time yet before it gets much use, new organisations soon will be able to initiate payments between bank accounts on a consumer’s behalf. This creates a new layer between consumers and banks, hopefully spawning novel ideas and services. Moving the centre...
25 March 2018 /payments Trends in Financial Services
Chriss Andrews CEO at KA2 Limited
In today’s digital world no one is safe. In fact, the bigger you are – the harder you fall. Reputations can be made or broken in a day, social media has given the world a voice and what this means is that there is nowhere to hide. Not only that, but increased competition and heightened political and economic pressure has meant that the authorities...
23 March 2018 Business Knowledge for IT
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
The Economies of Compliancy is an emergent economics term that describes a competitive advantage of sharing practical regulatory knowledge and practices across entities. By means of a utility-based cloud service, business, non-profit or government, can lower their compliance costs and reduce the risks of non-conformance. For example, the cost of u...
23 March 2018 /ai /regulation Financial Services Regulation
The Facebook fiasco. “Shame if you missed it” tweeted billionaire investor Jim Mellon on Monday, talking about the weekend trading idea of shorting Facebook. That was when news started breaking about Cambridge Analytica, the British company that harvested data from the Facebook profiles of more than 50m individuals. Consequently, Facebook’s value...
23 March 2018
Banks are investing heavily in disruptive technologies to boost operational efficiencies including within the post-trade settlement process. The technology financial executives are turning to is called artificial intelligence. Artificial Intelligence is a group of technologies that are designed to emulate human cognitive functions and traits. AI ca...
22 March 2018 /ai Capital Markets Technology
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