1148 Results from 2018
Retired Member
The relationship between the bank branch and its customers has changed beyond recognition over the years – gone are the days where the branch was king, bankers knew their customers on a personal level, and customers truly trusted their counsel. When they talked about banking, there was trust that the banker would propose the optimum offer based on ...
26 September 2018 /ai Banking Strategy, Digital and Transformation
The Top Risks in Restructuring With great organizational change comes great responsibility. Therefore, in order to create a sustainable growth, companies must learn strategies on how to manage the risks in restructuring. Such risks involve an impact on ROI that may occur when applying new changes to business practices. In the midst of restructur...
25 September 2018 /retail /wholesale Financial Risk Management
About 32% of the current cryptocurrency offering is held on personal wallets, after long-term investors sold approximately $24 billion of bitcoin to new speculators between December 2017 and April 2018. Last year, this number was at the level of 26%. According to the results of the Chainalysis study, the number of bitcoins on active wallets has in
25 September 2018 /payments /inclusion Personal Finance
It has been said that the role of a risk manager is not for the faint of heart. This is particularly true for those working in clearing houses, given the key role they play as central pillars of market stability. The importance of central clearing counterparties (CCPs) in financial markets has increased since the 2008 financial crisis. And as the ...
25 September 2018 /regulation Fintech
Danske Bank is in trouble with regulators, law enforcement, and perhaps most importantly, its clients and investors. And in the bank's woes lies a lesson for the rest of us; the world of finance today is so complicated that even with established AML/compliance programs in place, it's possible for criminals to exploit the banking or financial platf...
25 September 2018 /regulation
Darren Bishop Business Development Specialist at MDX Technology
In these modern times the old saying you get what you pay for is starting to have a hollow ring. The mighty John Lewis, that enduring stalwart of quality and style has just reported an alarming 99% drop in profits. House of Fraser imploded and Tesco’s has had to launch a new budget brand called Jack as a direct response to Lidl and Aldi’s growing ...
25 September 2018
The new normal in this digital age is the increasing frequency of IT risks and threats, and the relentless, ever-changing IT regulatory landscape. Incidents often begin small but they can upsurge into crises with widespread business and reputational implications. Chief Information Security Officers (CISOs), Chief Information Officers (CIOs) and bu...
25 September 2018 /regulation Information Security
A decentralised peer-to-peer system sounds exciting, but does it really work that way when it comes to blockchain in general and cryptocurrencies in particular? “The beginning of wisdom is the definition of terms.” -- Socrates In (the largest) CPU we trust Let’s re-visit the genesis of “purely peer-to-peer” blockchain – Satoshi’s 2009 whitepaper. ...
25 September 2018 Blockchain Observations
Chriss Andrews CEO at KA2 Limited
According to a recent PwC study… “Up to 30% of UK jobs could potentially be at high risk of automation by the early 2030s.” https://www.pwc.co.uk/economic-services/ukeo/pwcukeo-section-4-automation-march-2017-v2.pdf That's not long – especially when you consider that 20 years ago The Spice Girls were number one in the UK charts with Wannabe. O...
25 September 2018 /retail Banking Strategy, Digital and Transformation
Carlo R.W. De Meijer Owner and Economist at MIFSA
Trade finance is one of the most crowded areas for blockchain-based projects. In one of my earlier blogs I gave an overview of them (see my blog: “Blockchain for Trade Finance: a network business”, 23 May 2018). And now, a new one can be added to that list: Komgo. A consortium of fifteen of the world’s largest institutions, including internationa...
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