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It’s no secret that banks generate a lot of data. While still a sensitive topic from a compliance perspective, today, real-time intelligence is the source of most opportunities for both banks and their clients. In the corporate space, where banking clients have been progressing their own digital journeys, the demand for actionable insights is hi...
12 December 2022 /payments /cloud Transaction Banking
In November, digital transformation companies, fund operators and other key stakeholders convened at the annual Fund Operator Summit to consider the major challenges facing the financial services sector in the coming years. One of the key themes of the discussions that took place emphasised how climate reporting is now more critical than ever. I...
09 December 2022 /regulation /wealth Financial Services Regulation
The UK’s Financial Conduct Authority (FCA) recently made headlines for cracking down on communication over private messaging apps and SMS. The UK’s watchdog questioned top banks over the use of personal communications tools by staff after 16 banks – including Barclays, Citigroup, Goldman Sachs and Morgan Stanley – were fined $1.8bn in the US afte...
08 December 2022
For a long period, the crypto-asset market has remained unregulated in the European Union. A group of EU member states has developed cryptocurrency legislation at the national level, but unified rules at the EU level have not been approved yet. To implement a pan-European approach to crypto-assets regulation and avoid legislative fragmentation in ...
06 December 2022 /crypto Fintech World
Innovation in payments has long dominated the fintech industry. However, when it comes to clearing houses and large payment infrastructures, progress has been slow. Facilitating instant payments at scale and across borders, for example, has been on the global agenda for a while, such as the implementation of PSD2 which aimed to increase the use of...
06 December 2022 /payments /regulation The future of Payments in Europe
If you think currency and exchange rates are something only bankers must be concerned with, it’s time to reassess. Millions of businesses are exposed to currency risk and fluctuations, whether they realize it or not. FX has been incredibly volatile over the past few months, with the FED and central banks raising its rates having a huge impact on g...
04 December 2022 /markets
The needs of your corporate banking clients are changing. Demand for digital-first solutions, automation, and rich data has steadily increased over the past decade. We’ve seen some improvements to corporate banking services, but nothing to write home about. Ecosystem banking is one way that banks can get ahead. What is ecosystem banking? Ecosyst...
29 November 2022 /payments /cloud Transaction Banking
If the confrontational posture of the title to this blog has you reading this opening sentence, then it can lay claim to having performed its job. However, it’s worth quickly explaining that it was only intended as a playful device to draw you towards a current sticking point within the broader wealth management industry: That financial institutio...
24 November 2022 /wealth Embedded Finance
Rising inflation across the US, UK and the Eurozone is creating massive pressures across global markets. We’re seeing a reduction in the breadth of credit products, like mortgages, as they become more unaffordable, which leads to a reduction in volume and profitability as net interest margins are squeezed. Defaults are increasing – and will continu...
23 November 2022 /markets Trends in Financial Services
While consumer banking has advanced massively in recent years, corporate transaction banking has been slower to embrace change. In a recent Finextra webinar, 10x Founder and CEO Antony Jenkins joined Wim Grosemans, Head of Payments Product Management, Global Cash Management at BNP Paribas Fortis, and Varun Yadav, Product Lead for Liquidity Manag...
22 November 2022 /payments /cloud Treasury Management
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