1148 Results from 2018
Retired Member
January 13th was the final deadline for financial services companies to comply to the FCA’s newest European legislation, the Payment Services Directive (PSD2). The run up has been a time of huge introspection and preparation for European banks, that are only too aware of what the new rules are striving to achieve. Forcing change in the industry, i...
24 January 2018 /retail Disruption in Retail Banking
Molly Yakubian Assistant Vice President at Cordium at Cordium
A look at what the regulators are asking for and considerations for production SEC examinations of Registered Investment Advisers are on the rise. The SEC Fiscal Year 2018 Congressional Budget Justification[1] indicates that the estimated percentage of investment advisers examined in FY 2017 and FY 2018 is 13%, up from 10% and 11% in 2015 and 20
24 January 2018
Since the MiFIR transaction reporting regime came into force on 3 January, any investment firm that does not have a valid Legal Entity Identifier (LEI) may find it impossible to trade. That was the guidance issued in last November’s Market Watch[1] newsletter from the FCA. Although collective portfolio management investment (CPMI) firms[2] are ex...
23 January 2018
Linda Zaikovska-Daukste Co-founder | COO | CFO at UXDA
Finance Digitalisation causes many banks to adjust their approach to the development of their products and services. Today, more and more financial companies evolve by creating user-centered services and simpler and more convenient solutions. But it is not enough for creating the perfect user experience (UX). You also need to consider the weakness...
23 January 2018 /retail Innovation in Financial Services
The Federal Reserve Bank of Boston has released an overview of mobile banking and mobile payment adoption; and since it’s a government report it has the snappy title of “Mobile Banking and Payment Practices of US Financial Institutions: 2016 Mobile Financial Services Survey Results from FI in Seven Federal Reserve Districts”. While it may lack a ...
22 January 2018 /retail Digital Banking Trends
Anthony Walton CEO at Iliad Solutions
When you live in the North of England as I do, Hawaii seems like the perfect place to be at this time of the year. The idea of waking to warm sunlight and long days, and surrounded by tropical flowers and trees is a cut above the driving rain and sub-zero temperatures we’ve had recently. However, for 38 minutes earlier in the month Hawaii must hav...
22 January 2018 /security Innovation in Financial Services
January 2018 saw the sad passing of Geoff Doubleday, one of the founding fathers of the financial technology revolution, long before the word Fintech was even invented. He truly was a visionary who recognised the power of technology, and how if applied properly, it would transform the world of banking and finance forever. Geoff had a dream and the...
22 January 2018
Priya Lakshmi Digital Leader at Own
Another new year begins and many of us are probably shopping for insurance again because our provider just put up the premium on our renewals. We think they do this because they want to make more money (which could be the case as well) but equally the amount of fraud (accounts for 5-10% of insurance costs) that happens puts pressure on the insuran...
22 January 2018 /ai Innovation in Financial Services
Shailendra Malik SVP - Tech Delivery (Data Platform) at DBS Bank
Of past year a lot of noise have been created by the Fintech sector and loads of start-ups have mushroomed. With many innovative ideas the primary assumption is that, when we have the empirical data then the trends, modelling, any exploratory or discovery driven models will get the best solutions for the end users. To realize this vision, one prim...
22 January 2018 /startups Innovation in Financial Services
In my last post I explained the potential of Banks investing their effort to build Lifestyle Apps and create an ecosystem that helps everyone. The question remains, will people move away from generic lifestyle apps and adopt the ones created by the banks? Please note I will be specific to Singapore market in some contextual examples. What new red...
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