1068 Results from 2020
Retired Member
What does the future holds for Claims Management Companies? The PPI mis-selling scandal saw the emergence of a new industry with the birth of Claims Management Companies (CMCs). Producing riches for CMC bosses, and employing 20,000 people at its height, the CMC industry was unique to the UK, perfectly placed to help consumers secure PPI compensati...
27 January 2020 /regulation /retail Financial Services Regulation
Puneet Chhahira Head of Marketing & FinTech Engagements at Infosys Finacle, EdgeVerve
2019 closed on a somber note, with banks' growth slowing down across most markets, even going below the GDP growth rate in some countries. Margins are also under pressure; one research estimates that the returns of nearly 60 percent of banks are lower than their cost of equity. While Europe retains the dubious distinction of being the worst perfor...
26 January 2020 Banking Strategy, Digital and Transformation
Prior to 2018, regulators resisted recommending the use of Machine Learning (ML) based Artificial Intelligence (AI) for AML compliance. There was a mindset shift in mid 2018 indicating that proceeding with caution in implementing AI approaches for AML is appropriate. Regulators realize the adoption of recent innovation, such as the use of AI-ML an...
25 January 2020 /ai /regulation Innovation in Financial Services
Bhavesh Vaghela SVP B2B Product and Innovation at Collinson
First of all I want to thank everyone who connected with me over the new year and asked questions on my previous blog post “2020 predictions”. The blog stirred up hundreds of messages, insightful discussion especially around transformation. So on the 652 on this cold frosty morning I am writing this, enjoy. :) I recently visited the natural histo...
25 January 2020 /startups Banking Strategy, Digital and Transformation
Last week, the CMA released a report on the status of open banking after 2 years in place in the UK. This blog will reflect and challenge the comments from the blog “Open Banking year two: Insights from the CMA9” and what the various banks perceive as progress. To set the tone, none of us who were part of the original team under the first trustee a...
24 January 2020 /payments Open Banking
Alexander Arabey Director of Business Development at Qulix Systems
Factoring financing relieves small and medium enterprises from the financial pressure by offering a chance to delay payments. It appeared long before venture capital, credits and equity investments, later lost its popularity for some time and then resurrected by shifting to online. At the current moment, factoring is tied up to flexible product o
24 January 2020 /devops Banking Strategy, Digital and Transformation
Mike Kiser Senior Identity Strategist at SailPoint
The moment of reckoning has come. A party of eight sit around a table, the white tablecloth strewn with the detritus of a communal meal. Coffee is slowly sipped as they contemplate how to divide the bill. Unlike in years past, this is a simple operation: mobile devices come out and money is rapidly exchanged as modern technology facilitates a mult...
24 January 2020 /security Fintech
Chris Holmes Senior Vice President at KAE Consulting
China’s FinTech industry is incomparable to the rest of the world. It is home to eight of the world’s leading FinTech unicorns, with an average value of $26.8BN – eight times greater than the average value of North American FinTech unicorns. But, behind China’s rapid FinTech development lies a country with unique circumstances, consisting of a lar...
24 January 2020 /regulation Asia Financial Services
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
It is no secret that a fundamental change has started - the migration to a data-driven economy. Why this should be speeded up is obvious - everyone stands to benefit (i) from much better services when any citizen can authorise connecting MyData and Big Data to life events (at home and at work), (ii) from costs being automated away in all adminstra...
24 January 2020 Artificial Intelligence and Financial Services
This is the first in a series of three blog posts which looks at how a digital finance transformation enables a future-ready finance department - one that can use data, technology and human talent to go beyond governance to provide commercial leadership to the business. In this series we outline how digital finance transformation enables efficient...
23 January 2020 /ai /cloud Banking Strategy, Digital and Transformation
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