Future Finance

Finextra and Oracle have gathered together some of the industry's top thought leaders to discuss, debate and analyse the key trends and issues within transaction banking, regulations and retail banking. This group will focus on upcoming regulations, new service offerings and industry debate shaping the new financial services landscape with regular blog posts, video interviews, webcasts debates and surveys.

Dan Barnes Writer at Information Corporation

Lehman II

Banks sell risk. It became apparent that even they could not trade the risk they had on their books in 2008 and they faced bankruptcy. Governments bought it off them, with the exception of Lehman Brothers, which tanked. They do not want to, or perhaps could not, do that again. Yet in the five years since Lehman Brothers, regulators have struggled ...

16 September 2013

Retired Member 

Risk Issues for Expanding Supra-regional Banks in Asia

China’s banking system was historically quite segregated: each of the original four state owned banks were created for a specific purpose. China Construction Bank was created to administer and distribute government funds for domestic infrastructure and construction projects, Agricultural Bank for farming / agriculture projects, etc.. The challenge...

13 September 2013

Retired Member 

Self Service Innovation in Asia: Little changes, big impact

Many countries in Asia have been traditionally cash and brick focused: customers have been used to holding and using physical cash and visiting the brick and mortar branches. That’s changing rapidly as competitive pressures and demands from an increasingly sophisticated customer base are driving banks to create a new normal in both business model ...

04 September 2013

Tushar Chitra Vice President, Product Strategy and Marketing at Oracle Financial Services Software

Mobile Payments: Why Now is the Right Time to Adopt NFC

Continuing from my earlier post “Mobile Payments: Is Your Bank Putting Its Best Foot Forward?” on how disruptive innovations in mobile communications technology are transforming the payments landscape, I would now like to draw attention to recent developments that are likely to have a significant impact on the adoption of mobile payments technolog...

27 August 2013 /payments

John Foulley Director at Oracle

Risk Management: Avoid These Data Modeling Mistakes Upfront

In my previous entry on August 13, I discussed what we can imagine to be a solid foundation to the Risk and Finance initiatives. Obviously, it is not just about the data model and that is the first point I would like to address today. Many vendors that strive to deliver a warehouse designed to service more than a handful of users within a business...

21 August 2013 /regulation

John Foulley Director at Oracle

Four Components of Risk Management and Data Excellence

In my previous blog, I addressed the new requirements of the new directive of risk data aggregation and risk reporting from the Basel Committee. In many of the banks I meet, the risk function tends to still be seen as a compliance function rather than an active part of the portfolio management of the bank (it is certainly true in developing countr...

13 August 2013 /regulation

John Foulley Director at Oracle

Basel Directives Ensure You're Not Kicking Can Down The Road

Risk Managers and Risk Architects were enjoying a slow beginning to the year when the Basel Committee decided to release a new directive of risk data aggregation and risk reporting. Sure enough, no organization had in earnest thought of the right architecture for risk reporting. So while the new directive did set the scene for additional requiremen...

06 August 2013 /regulation

Dan Barnes Writer at Information Corporation

Caveat, empty promise

When George Osborne, Chancellor of the Exchequer, said of the Parliamentary Commission on Banking Standard’s (PCBS) report, ‘Changing banking for good’ which was set up to right the wrongs of the financial crisis, that “I am pleased to say that the government will implement its main recommendations”, I was still apprehensive. I thought the Commit...

05 August 2013

Dan Barnes Writer at Information Corporation

Start of a recovery process

The announcement on 26 June 2013 that a single European regime for bankrupt banks, the Bank Recovery and Resolution Directive (BRRD), has been proposed, is demonstrative of the challenge that Europe faces in delivering new rules. It is clearly behind the US in terms of pace. The US regime was set out in 2010 as part of the Dodd-Frank Wall Street R...

29 July 2013

Tushar Chitra Vice President, Product Strategy and Marketing at Oracle Financial Services Software

Playing Games With Customers? Part 2 of Gamification Series

So, the sequel to how the nascent trend of gamification is raising its head amidst various user engagement innovations is back. While the focus in my last post was to create an appreciation of the potential of gamification in banking services, the second and final post will focus on highlighting some of the early adopters in the space along with a...

16 July 2013