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Nanda Kumar

Nanda Kumar CEO at SunTec Business Solutions

Financial services regulation as a creator of opportunities

The United States presidential race is in its home stretch. Trump is confident of victory but his policies for the financial services industry are questionable. In his manifesto he states he wants to rid the US of the Dodd-Frank law, which he feels is impeaching on the amount of capital financial institutions can hold. His opponent, and a former F...

/regulation /retail

Nanda Kumar

Nanda Kumar CEO at SunTec Business Solutions

Sibos Lessons - Banking transformation too fast for most

Last week the multilingual Swiss of Geneva bid au revoir and aufedersein to nearly 10,000 bankers. The attendees of Sibos left knowing just how much technological change is facing the banking industry. These lessons are starting to be translated in banking boardrooms from Azerbaijan to Australia, Qatar to Quebec. Most boards will surely conclude t...

/regulation /sibos

Nanda Kumar

Nanda Kumar CEO at SunTec Business Solutions

Sibos Day One roundup - D-Day for Banks -

This year’s Sibos in Geneva wrapped its first day with more innovation than ever. The buzzwords which dominated this year; were 'The Three Ds' Digitisation, Disruption, and the newly minted Distributed (Ledger). Where now for FinTech? The crowd for the ‘Blockchain 101’ session learnt how ancient clay tablets became the encrypted distributed ledger...

/payments /sibos

Nanda Kumar

Nanda Kumar CEO at SunTec Business Solutions

Sibos returns to Europe and here’s what to expect

Shorter days and longer nights are approaching fast. We may not be ready to let go of summer just yet, but the good news is there’s an exciting event season ahead of us - If your calendar is not set for the rest of 2016, now is the right time to get it in order. For financial services and technology professionals, one of the biggest events of the...

/sibos

Nanda Kumar

Nanda Kumar CEO at SunTec Business Solutions

Security - worth paying for in a digital world?

When performing their daily banking routines, customers don’t want to be bothered by complex security features and authentication procedures. Today, they expect simple and fast user interfaces and often take for granted that their financial resources are protected. However, at the UK’s leading FinTech event last month, a question was posed on whet...

/security /retail

Nanda Kumar

Nanda Kumar CEO at SunTec Business Solutions

Optimizing data analytics in the Zettabyte Age

The amount of data created in our society is increasing exponentially and is predicted to reach 44 zettabytes by 2020. As discussed in my previous blog, the amount of data could fill enough iPads to build a stack reaching two-thirds way to the Moon. As our digital universe continues to grow the amount of data in existence is outpacing storage, a...

Nanda Kumar

Nanda Kumar CEO at SunTec Business Solutions

Making Data Work for Banks

Data is everywhere. Every day, 2.5 Quintillion bytes of data is created around the world. To put that into perspective, a quintillion is one followed by 18 zeros. In 2013, we were already creating enough data to fill a stack of iPads that reaches two-thirds way to the Moon. By 2020, the amount of iPads needed to store the world’s data could take ...

Nanda Kumar

Nanda Kumar CEO at SunTec Business Solutions

Can Challenger Banks actually disrupt High-Street Banks?

Challenger Banks have a golden opportunity to gain market share. Mature Challenger Banks such as Metro Bank, Tesco Bank and Virgin Money have certainly made headway in stealing market share from the “Big Banks”. Metro Bank alone has 655,000 customers, a year-on-year rise of 46 per cent, with deposits rising by 78 per cent to £5.2 billion. These ba...

/retail

Nanda Kumar

Nanda Kumar CEO at SunTec Business Solutions

Challenger Banks and their High Street rivals can learn from each other

We recently took part in a Financial Services event in London attended by the High Street banks we all know and some newer names to banking, notably Atom and Tandem. The presentations pointed out both the challenge facing Challenger Banks as well the competitive advantages ‘Old Guard’ banks need to jealously guard. The UK is awash with challenge...

/retail

Nanda Kumar

Nanda Kumar CEO at SunTec Business Solutions

Banking on things - the Internet of Things

The term Internet of Things (IoT) has been used for some time now, referring to the connected nature of our society thanks to smart devices. It’s the communication between machines, sharing information to supposedly make lives easier. Analysts predict that IoT will add economic value of between $4tr and $11tr by the middle of the next decade. A ...

/retail

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