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Can you believe it’s been 15 years since the Madoff scandal was uncovered? 15 years since the global financial crash. In fact, it was that incident that signalled the end for Bernie Madoff, the financial sociopath, who – under the guise of being a successful co-founder of the NASDAQ and one of the most successful stockbrokers on Wall Street – cunn...
03 May 2023 /regulation /crime Exposing Financial Crime
Black Swan events happen rarely, BUT it gives a tremendous opportunity to reinvent to create brighter futures – only if the business is proactive to handle. One way FIs can prepare is by digitaltransformation leveraging AI, Machine Learning, and Cloud to mitigate risk and address regulatory requirements while enhancing decision-making capabilitie
02 May 2023 /regulation /predictions Analytics in Banking
It has been a tough few years for businesses and consumers alike. Inflation is at a 40 year high across many developed countries, and governmental bodies, such as the Bank of England, are continuing to increase interest rates in an attempt to combat inflation. The causes of the crisis are complex and wide-ranging. Some of the factors that significa...
27 April 2023 /cloud Cloud Migration
Many banking platforms are built on legacy applications, which rely on outdated technology, can be costly to maintain, have poor performance, and require outdated skill sets. Modernizing legacy applications is part of a broader digital transformation initiative for banks and can provide greater efficiency and flexibility. However, many organizatio...
26 April 2023 /payments /retail Banking Strategy, Digital and Transformation
As technology advances at lightning speed, the digital finance industry constantly evolves, creating more opportunities for innovative liquidity providers. As more traders look to invest in various markets, having reliable liquidity services that provide adequate risk management to price investments accurately can be a crucial part of success. Wit...
25 April 2023 /inclusion /markets Fintech
If you think about it, it's odd to advocate more research and development for fintechs, but it is something we need to bear in mind at all times. Innovation is hard wired into our DNA, but often it´s front loaded. We're natural disruptors, wanting to take on what is already out there, and we launch our product with a great push in all stages of t...
24 April 2023 /payments /startups Business
Buy Now Pay Later (BNPL), a short-term interest-free consumer credit solution, is increasing in popularity in the US. However, despite explosive growth in sales volumes, none of the pure-play BNPL companies are profitable, including BNPL giants. Since the credit risk undertaken in BNPL is usually higher compared to other credit solutions, the
24 April 2023 /retail /predictions Banking Strategy, Digital and Transformation
Just blink…out with the old ( ChatGPT …yup, almost already) and in with the (not so) new - Generative AI. So what is this Generative AI, really? First, think of it as a combination of Angel and devil's advocate, who is a positive scrutinizer for good reasons. Did you get the picture of having them on each shoulder to steer you in the right directio...
21 April 2023 /crime /predictions Digital Bank Transformation
In today’s digital landscape, there is a significant risk of data breaches, cyber thefts, and other such frauds. Digital transformation has enabled fraudsters to find new lines of attack and exploit vulnerabilities. Fraud has always been a detrimental factor in the business world, particularly in the financial industry, causing fear in users when ...
21 April 2023 /security /crime Blockchain in Banking and Financial Services
More than ever, it's crucial to keep your customers safe from threats and ensure they have a smooth payment experience. This is where Know-your-customer (KYC) and Strong Customer Authentication (SCA) come into play. In this article, we'll delve into the ways in which these processes can help you design a smooth customer experience and secure paymen...
20 April 2023 /payments /retail Banking Strategy, Digital and Transformation
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