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Location
Brussels
Member since
2017
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Capilever Bankloch Blog
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Security Payments Regulation & Compliance People Wealth management Retail banking Sustainable Cloud DevOps Start ups Financial inclusion Cryptocurrency Markets Financial Crime Predictions

Joris's blog archive

2024 (14) 2023 (23) 2022 (13) 2021 (16) 2020 (35) 2019 (14) 2017 (1)
Joris Lochy

Joris Lochy

Product Manager at Intix | Co-founder at Capilever
Message Message me Posts: 126 Comments: 19
Bio Independent Product Management Consultant, helping customers in the Fintech space to innovate, i.e. from ideation to conceptualization to implementation, taking on different roles and responsibilities (business analysis, functional and technical design, solution architecture and project management). Career History Active in the financial services industry, since 2003: - 8 years at Accenture - 3 years at CSC - 3 years at Deutsche Bank - 3.5 years at The Glue - 4.5 years at Monizze

Blogs

RegTech

From Penalties to Best Practices: The True Cost of Compliance

08 Jul 2024

Over the past two decades, the banking industry has faced staggering penalties for non-compliance, totaling an astonishing $387,559,149,283 (source: Violation Tracker). This colossal sum underscores a pressing issue: despite numerous efforts, the financial sector continues to grapple with compliance, with no signs of the penalties decreasing. Ever...

Exposing Financial Crime

Uniting Forces: A Holistic Approach to Financial Crime

17 Jun 2024

Financial institutions face increasing challenges in combating financial crime. While technology has significantly advanced (e.g. thanks to AI), the methods employed by criminals have also evolved, becoming more sophisticated and harder to detect. One of the crucial challenges in this battle is the siloed approach to detecting and combating financ...

The Payments Business

The Hidden Complexity Behind a Simple Bank Payment

10 Jun 2024

As a regular consumer, you might not realize that a simple wire transfer to a company or a friend launches a complex and lengthy payment flow. This process involves multiple financial institutions and diverse IT systems. In this blog, we explore a typical payment flow at a financial institution. The complexity of the payment flow stems from increa...

1

Digital Banking Trends

Demystifying Investing: The Power of Digital and Generative AI

03 Jun 2024

With an audience of fintech enthusiasts, I am probably preaching to the choir, but investing your excess savings remains critical to preserving and hopefully increasing the buying power of your hard-earned money. Unfortunately in practice, this is easier said than done. After years of great enthusiasm, investments in robo-advisors seem to be retur...

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Joris is Commenting on

Trade-offs Are Inevitable in Software Delivery - Remember the CAP Theorem

  Thanks for the feedback. Indeed, you are absolutely right. As long as top management is not aware of certain necessary trade-offs, it will be impossible for analysts & architects to correctly do their job. But I hope my blog can bring maybe a little bit (not making too much illusions either :-)) of idea, that technology is always a matter of making trade-offs.

02 May 2024 Reply Read article

The rise of the financial super app

  Thanks for sharing this blog. Very interesting. Might be interesting to have a look at a blog I wrote about 4 years ago: https://www.finextra.com/blogposting/19211/from-app-to-super-app-to-personal-assistant, also about the super-apps.

29 Apr 2024 Reply Read article

The Unseen Backbone of Banking: A Deep Dive into Matching and Reconciliation

  If the payment amount is not matching in full with the invoice for a legitimate reason, it can still not be handled by the structured comment, but it should be possible for the matching to correctly handle this (and expect / anticipate this). If invoice indicates that 80% should be paid on delivery and 20% on installation, it is possible to use 2 times the same structured comment, but obviously you will expect then 2 payments on different payment dates. 

07 Dec 2023 Reply Read article

The Unseen Backbone of Banking: A Deep Dive into Matching and Reconciliation

  Thanks for the feedback.  The "checksum method" in Belgium unfortunately does not solve the issue that customers pay the incorrect amount. The structured comment put on a lot of wire transfers in Belgium is a 12 digit code, for which the checksum is just a modulo 97 of the first 10 digits. So checksum guarantees quite well that the right structured comment is entered, but it does not guarantee if right amount is used. For this, many companies work with QR codes on their invoice (and in future SEPA Request-to-Pay could be used), but a lot of customers don't use this QR code, so issue with incorrect amounts remains indeed a big hassle for most companies.

04 Dec 2023 Reply Read article