980 Results from /wholesale
Vicente Quesada Co-founder at Gauss Trading
Banks must lower their services cost to at least 10% of their current cost. 3D printers cost $40,000 in 2007, $100 in 2016. Drones cost $100,000 in 2007, versus $100 in 2016. Knowing the sequence of the full human DNA used to cost $10 million in 2007 and in 2016 it only costs $100. All this has been achieved thanks to processes of exponential grow...
01 August 2016 /wholesale
Graham Seel Principal Consultant at BankTech Consulting
An Interview with Glenn Goldman of Credibly Recently I had the opportunity to pose a few questions to Glenn Goldman, CEO of alternate small business lender Credibly. I have used Credibly as an example of an alternative lender – this piece is not intended to endorse them or otherwise. However, by way of background, they have focused on providing lo...
29 July 2016 /wholesale Innovation in Financial Services
Retired Member
The one thing that there is no dearth of in the current world, is Data. Therein lies the boon as well as the bane. On one hand availability of large amounts of data would mean banks and financial institutions no longer need to make blackbox decisions. Strategic and operational activities are evidenced by supporting data which would mean the opport...
28 July 2016 /wholesale Innovation in Financial Services
Under MiFID II trading venues are required to provide one of two options in order to support members’ testing efforts (RTS 7, Article 10). So exchanges can choose to offer either a realistic testing environment or a testing symbol. As testing can be terribly complicated, different views and opinions about which is better are to be heard across the...
08 July 2016 /regulation /wholesale
In the following 5 years banks may lose 50% of their business. I don’t think I’m exaggerating when I say in 5 years banks will lose 50% of their business. I am pretty sure that the major banks handle this scenario. If not, why announce so insistently their strategy to shift to a digital transformation? In a low interest rate scenario, with low ma
04 July 2016 /wholesale
With the Brexit hangover slowly starting to recede it is perhaps time to start focusing on the road ahead. Regarding the immediate future there is at least some certainty, as we can assume that implementing EU regulation in the UK will progress regardless. Both the FCA and the European Commission have correctly pointed out that the UK remains a...
01 July 2016 /wholesale
Community banks and Credit Unions buy most of their technology from the core banking system providers. So they aren’t terribly excited about buying directly from a FinTech. There are four main core system vendors: FIS, Fiserv, Jack Henry, and D+H. Between them they own 96% of the community banking market. This presents a rather limited set o...
24 June 2016 /wholesale Innovation in Financial Services
David Donovan Executive Vice President at Publicis.Sapient
Amazon is the 800-pound gorilla in the ecommerce marketplace and a leader in making the digital-physical experience for customers frictionless. When Warren Buffett talks about Jeff Bezos, CEO of Amazon, this is what he has to say. "We haven't seen many businessmen like him. Overwhelmingly, he's taken things you and I've been buying and he'...
13 June 2016 /retail /wholesale
When most people think of Anti-Money Laundering (AML), they think of investigations into illicit account activity and filing suspicious activity reports on various types of financial crimes. This integral piece, while important, is just one piece of the AML puzzle. Having started my career as a prosecutor and then a member of a Financial Intellige...
01 June 2016 /regulation /wholesale
Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group
Global Supply chain finance’s (SCF’s) original value proposition is to facilitate access to finance by arbitraging an “anchor” buyer’s lower funding costs on selected suppliers’ behalf. This principle of SCF would lead one to believe that almost all existing SCF programs are running with strong credit-rated buyers. In this report, Aite Group uncov...
22 May 2016 /wholesale Financial Supply Chain
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