Latest opinions that Boris Bialek has shared on Finextra

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Boris Bialek

Vice President and Field CTO, Industry Solutions

MongoDB

Member since

04 Mar 2022

Location

London

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Boris's opinions

Enhancing Digital Banking Experiences with AI

Interactive banking marks a new era in financial services, where customers engage with digital platforms that anticipate, understand, and meet their needs in real-time. This approach leverages AI-driven technologies such as chatbots, virtual assistants, and predictive analytics, enabling banks to enhance digital self-service while delivering perso...

11 December 2024 /ai Artificial Intelligence

A Look Underneath the Hood of Real-Time Payments

Real-time payments do exactly what the name implies. They refer to transactions that clear and settle (almost) instantaneously. This type of payment is characterised by settlement finality, instant confirmation, and immediately available funds. For businesses with transactions that span countries – or continents – this is invaluable in fostering s...

30 May 2024 /ai /payments Payments strategies 2015-2020-2030

Navigating the Open Banking Landscape: Technologies and Strategies for Transformation

Open banking, also known as open finance, is transforming the banking industry with financial institutions embracing greater transparency and collaboration, while also driving product innovation. In fact, the number of individuals utilising open banking services is expected to reach 132.2 million this year – a trend which is already stimulating c...

28 February 2024 /payments /cloud Open Banking

Transforming Financial Institutions for Quicker Settlement Cycles

On the 28th of May, 2024, the Securities and Exchange Commission (SEC) in the United States will implement a pivotal change in the securities trading sector: moving to a T+1 settlement cycle. This shift – reducing the settlement period from two business days after the trade date to just one – is a strategic move to mitigate market volatility a...

11 January 2024 /regulation /cloud Artificial Intelligence and Financial Services

Managing ESG Data and How It Can Work For Your Organisation

Environmental, Social and Governance (ESG) data collection and reporting has increasingly become a corporate priority over the last few years. Over 96% of S&P 500 companies published sustainability reports in 2021, according to research from the Governance and Accountability Institute. This need to examine and publish ESG data has been driven...

27 March 2023 /sustainable /cloud Sustainable compliance

Predictions 2023: Modernisation Efforts in the Financial Services Industry

As a global recession looms, banks are facing tough economic conditions in 2023. Lowering costs will be vital for many organisations to remain competitive in a data-intensive and highly regulated environment. Thus, it’s important that any IT investments accelerate digital transformation with innovative technologies that break down data silos, incr...

16 January 2023 /cloud /predictions Banking Strategy, Digital and Transformation

Next-generation data platforms: the key to innovation in financial services

Data has become one of the most valuable currencies in business today, but too often legacy technology that still underpins many organisations is not built to support the amount, diversity or speed of it. Not only is this infrastructure costly and complex, it doesn’t support the diversity of workloads and functions that modern applications require...

29 November 2022 /regulation /cloud Data Management and Governance

How to create a zero trust environment in financial services

It wasn’t that long ago that security professionals protected their IT in much the same way that mediaeval guards protected a walled city – they made it as difficult as possible to get inside. But once someone was past the perimeter, they had generous access to the riches contained within. In the financial sector, this means access to personal ide...

30 August 2022 /security /cloud Information Security

Building banking for the future based on the right tech

Banking used to be a somewhat stagnant, hyper-conservative industry that seemingly took aeons to evolve. However, in recent years, the banking world has seen a huge shift due to pressure coming in multiple directions. Customers are demanding more from institutions and nimble new competitors are pushing the limits of what is possible. Because of th...

19 July 2022 /cloud /devops Cloud Banking out of the Box

Multi-cloud: balancing the cloud concentration regulation risk with the innovation reward

Regardless of size and business mix, most financial institutions have come to understand how cloud and multi-cloud computing services can benefit them. There are cost benefits when it comes to scale, deploying new services and innovating. There are security and resiliency benefits that can be difficult and expensive to replicate on-premises, espec...

16 May 2022 /regulation /cloud Cloud Banking out of the Box

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