Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Nick Ogden launches cross-border liquidity network RTGS.global

Finextra can exclusively reveal that Nick Ogden, creator of fintech heavyweights Worldpay and ClearBank, is spearheading an initiative to improve the speed and performance of international payments. At Sibos in London he is gathering support behind RTGS.global, a new business designed to remedy the problems involved with the invisibility of liquidity between countries.

25 September 2019

News/Corporate actions

Sibos 2019: Post-snub insights from LSE and HKEX

After the London Stock Exchange snubbed Hong Kong’s $36.6 billion buyout bid earlier this month, day two of Sibos 2019 in London kicked off with PwC’s Jeremy Grant engaging in fireside chats with both LSE CEO David Schwimmer and HKEX CEO Charles Li.

24 September 2019

News/payments

Sibos 2019: The adoption of SWIFT gpi and impact on global payments

At Sibos 2019, Swift’s Fabien Depasse, Wim Raymaekers, Anne-Sophie Walravens and Lior Cohen, explored how Swift gpi is seeing unparalleled growth in adoption, traffic and corridors. Today, more than 3,500 financial institutions (FIs) are signed up to gpi and allow their customers to make payments in nearly 150 currencies.

23 September 2019

News/cloud

Why financial institutions are modernising on cloud

For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to immediately scale up compute resources at peak times and scale down when demand dipped, paying only for what they use.

17 September 2019

News/cloud

Building the future of capital markets with the cloud

The cloud has been a catalyst for accelerated development in capital markets. Firms are now using the cloud to become more agile and to increase the pace of innovation delivered to end users.

17 September 2019

News/cloud

Better connecting customers to their bank with the cloud

In this age of the customer when banks are leveraging the cloud to reduce costs, innovate faster, minimise risks and digitise mission-critical services, it’s become clear that technology drives change at a ground-breaking rate.

17 September 2019

News/Corporate actions

What’s next after the SCA deadline?

Following the Strong Customer Authentication (SCA) deadline passing on Saturday, Dr Ruth Wandhöfer, honorary professor at the London Institute of Banking & Finance and board member at LSEG, took to the stage at the World Conference of Banking Institutes to discuss the changing pace of the payments industry and the role of the banking sector in this age of disruption.

17 September 2019

News/payments

AI and cloud remove barriers to entry for real-time intraday liquidity

Financial institutions must actively manage their intraday liquidity but getting to this point continues to be a challenge, as banks are required to capture the information they need in real-time while at the same time meeting increased regulatory reporting obligations.

13 September 2019

Company update/Corporate actions

Credit Suisse Securities (Canada) picks Torstone post-trade processing platform

Torstone Technology, a leading provider of post-trade securities and derivatives processing, today announces that Credit Suisse Securities (Canada) Inc. has selected its award-winning post-trade processing platform, Inferno, to replace the firm’s existing third party outsourced platform and service.

05 September 2019

News/ai

Filtering the ethics of AI

As decision-making factors using AI become more accepted, pure economics might not align with the softer strategies of a bank. Many financial institutions are questioning how artificial intelligence must be governed within an organisation and how it can be taught to align with a bank’s brand and ethos, but without influence from human judgement.

03 September 2019

News/cloud

What are the benefits of being born in the cloud?

An increasing number of challenger banks, neobanks and digital offshoots are being born in the cloud and the technology is now being used by traditional banks and new players alike for all IT needs. Banks that are born in the cloud are at an advantage because legacy players that are in the process of migrating to the cloud are struggling with application modernisation, data centralisation and security.

03 September 2019

Company update/Corporate actions

Deposit Solutions partners with Close Brothers to collect from Switzerland

Deposit Solutions, open banking pioneer and leading international platform for savings deposits, partners with Close Brothers Limited to offer savings deposit products on its Swiss direct B2C channel Savedo. The cooperation with Deposit Solutions enables Close Brothers to collect euro retail deposits from a non-EU savings market without having to set up and maintain their own retail infrastructure.

19 August 2019

News/ai

The Future of AI: Applications for banking business transformation

While artificial intelligence has established itself as a disruptive technology for decades, AI is at the peak of the hype cycle now and banks have started to apply this technology to transform traditional models of businesses.

16 August 2019

News/cloud

APIs in the cloud are now the prevailing archetype

The future lies in microservices in the cloud. While the financial services industry continues to discuss digital transformation, actions speak louder than words. Organisations that want to meet the needs of the next generation of consumers will use software comprising small services that communicate over well-defined application programming interfaces (APIs) deployed independently – the microservices approach.

16 August 2019

Company update/regulation

CIB Limited awarded banking licence

CIB Limited, part of the Capital International Group, an Isle of Man headquartered company has been awarded a provisional class 1(2) banking licence. The licence is the first class 1(2) to be issued on the Isle of Man under the Alternative Banking Regime.

16 August 2019

Company update/Corporate actions

Chinsay facilitates first-ever paperless trade for iron ore

Cargill and Rio Tinto in collaboration with Chinsay, Voltron, essDOCS, R3 Corda, HSBC, and BNP Paribas reduce contract issuance time by almost 98%.

13 August 2019

News/devops

How corporate bankers can leverage open APIs to innovate

Traditional banks are still not meeting the expectations of their customers because of the legacy core systems that most financial institutions are saddled with, preventing innovation.

08 August 2019

Company update/Corporate actions

Microsoft and Publicis Sapient build digital trade finance bank in six months

Publicis Sapient, the digital business transformation hub of Publicis Groupe, and Microsoft, has today announced their partnership supporting the launch of the world’s first end to end digital trade bank, Anglo-Gulf Trade Bank. The two businesses aided in the creation of the entirely new bank by providing it with implementation strategy, technology and client experience from the outset.

30 July 2019

Company update/regulation

Volkswagen Bank GmbH switches to BearingPoint RegTech solution

With Volkswagen Bank GmbH, another SSM bank has decided on BearingPoint’s software solution Abacus360 Banking Regulatory to fulfil its ECB reporting obligations.

30 July 2019

News/cloud

Is RegTech encouraging a cloud revolution?

The deployment of new applications and the migration of core systems onto the cloud is in full swing, and financial institutions (FIs) could arguably soon be free of the legacy shackles that prevent them from moving forward into the age of digitalisation.

30 July 2019