1068 Results from 2020
Retired Member
Internet of things – More there are, more we bank on them As the number of connected devices slowly creeps past unnoticed catching up with the number of humans on the planet, we are beginning to rely on them increasingly. The possibilities as much a cliché as it would be – are endless: ¡ Connected cars will pay tolls automatically, not require you...
23 January 2020 /markets Banking Strategy, Digital and Transformation
Tom Blacksell Managing Director B2B at Experian
Tying to expand any business takes investment, but with smaller businesses often lacking sufficient cash, securing additional funds can be the solution to grow and become more productive. Unfortunately, a lack of financial information can limit a business’s chances of doing this. This is the case for more than 1.6 million businesses in the UK who ...
22 January 2020 /inclusion Financial Inclusion
Cloud Paralysis: an organisations inability to migrate and optimise workloads or applications to a modern platform due to the constant change of the underlying technology or latest new capability that will change the world. A new term I’ve coined to try and explain to myself (and others) why organisations aren’t moving as fast as expected. Why, wit...
22 January 2020 /cloud
As we enter 2020, I wanted to share what I think will be the technology focal points for Banks throughout this year. Operational Resiliency Following both the Treasury Select Committee, and the UK Regulators papers around Operational Resiliency, how firms ensure they are able to overcome operational disruptions will continue to be high on the agend...
22 January 2020 /regulation /cloud Trends in Financial Services
Yagneswara Sarma Bulusu Consulting Partner at Tata Consultancy Services Ltd.,
Abstract Custodian banks continue to grapple with cost pressures, operational challenges, and legacy infrastructure. The advent of disruptive technologies such as blockchain, robotic process automation (RPA), and cognitive technologies have helped custodian banks to resolve these challenges. In Part 1, of a two part series, we examined the potent...
22 January 2020 /ai /markets Artificial Intelligence and Financial Services
Philippe Carrel Chief Commercial Officer at Finmechanics
Neither IBORs nor RFRs; firms should ready up to work with both types of benchmarks and reference rates for the foreseeable future. The quantitative finance focused publications of 2019 have highlighted that replacing forward looking term rates (IBORs) with convexity-adjusted overnight rates compounded in arrears (RFRs) could lead to discrepancie...
21 January 2020 /regulation /markets Banking Regulations
Although open banking has legislative origins - and is compulsory in some countries - it is also a major catalyst to bank transformation. In addition to the opportunity to generate new revenue streams, improve services and attract new customers, open banking challenges the traditional culture and closed mindset of banks. Historically, banking has ...
21 January 2020 /retail
Matthew Phillips Head of Banking, UK and Ireland at Diebold Nixdorf
The future of banking could be closer than we think. As the industry continues to build the bridges between the financial services of today and the financial services of tomorrow, the pockets of innovation coming to the fore are impressive. From AI powered credit applications[i] to ATMs offering loan applications within five years, outputs from re...
21 January 2020 /retail Innovation in Financial Services
Barley Laing UK Managing Director at Melissa
When the debate in financial services turns to artificial intelligence (AI), reality often gets lost in the excitement, with enthusiastic talk about over ambitious uses of the technology rather than what it can effectively deliver today. By being smart with AI, and not attempting to get AI to ‘do it all’, it’s possible for the banking world to leve...
21 January 2020 /ai Artificial Intelligence and Financial Services
Harish Kumar Industry Advisory Consultant - Lending at Tata Consultancy Services
When it comes to personal transportation, consumers are gradually preferring 'Usership' compared to 'Ownership' of cars. As a result, the dynamic choice of vehicles tends to make customers more demanding. This leads to an important area in the auto lifecycle that is the closure / renewal of the end-of-term lease. In 2019-20, the number of vehicles...
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