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Joris Lochy

Product Manager at Intix | Co-founder

Capilever

Member since

05 Apr 2017

Location

Brussels

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Joris's opinions

From Penalties to Best Practices: The True Cost of Compliance

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...

08 July 2024 /regulation /crime RegTech

Uniting Forces: A Holistic Approach to Financial Crime

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...

17 June 2024 /regulation /crime Exposing Financial Crime

The Hidden Complexity Behind a Simple Bank Payment

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...

10 June 2024 /payments The Payments Business

Demystifying Investing: The Power of Digital and Generative AI

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...

03 June 2024 /wealth /retail Digital Banking Trends

Unifying Payment Systems: Embracing ISO 20022 for Global Interoperability

In recent years, the world of payments has been undergoing a significant transformation. Historically, international payments were dominated by major players like SWIFT, VISA, MasterCard, and a handful of large international banks. However, this landscape is rapidly evolving due to the rise of new payment rails, Open and Embedded Banking, and the ...

27 May 2024 /payments Payments strategies 2015-2020-2030

The Dawn of DORA: Building a Resilient Financial Infrastructure

Digital threats top the agenda for every Chief Information Officer (CIO), especially in the Financial Services industry, where the consequences of breaches can be catastrophic. As financial services increasingly rely on IT tools and systems, any digital disruption can have profound impacts not only on the institution itself but on the broader econ...

21 May 2024 /security /crime Banking Regulations

Instant Payments: Overcoming Challenges for a Faster Tomorrow

Around the world, there are significant moves to transition from traditional electronic money transfers, which rely on batch settlement systems that can take several days for transactions to clear, to instant, or at least near real-time, payment systems. These new innovative payment systems ensure that beneficiaries receive their funds within seco...

13 May 2024 /payments /regulation The Payments Business

PSD3: The Next Phase in Europe’s Payment Services Regulation

With the successful rollout of PSD2, the European Union (EU) continues to advance innovation in the payments domain through the anticipated introduction of the Payment Services Directive 3 (PSD3). On June 28, 2023, the European Commission published a draft proposal for PSD3 and the Payment Services Regulation (PSR). The finalized versions of this ...

06 May 2024 /payments /regulation SEPA and European Payments

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

In the world of financial services, the integrity of data systems is fundamentally reliant on non-functional requirements (NFRs) such as reliability and security. Despite their importance, NFRs often receive secondary consideration during project scoping, typically being reduced to a generic checklist aimed more at compliance than at genuine funct...

29 April 2024 /devops Banking Architecture

From Transactions to Insights: The Journey of Bank Payment Data

It is often stated that 'Data is the new oil', suggesting that data, like oil, holds immense value but remains unusable if unrefined. While this comparison simplifies, it effectively highlights two significant trends: A fierce competition to capture as much customer data as possible, waged not only by Big Tech and social media giants but also by ...

23 April 2024 /payments /retail Big Data

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