1147 Results from 2019
Sophia Brooke Project Manager at Independent Consultant
The banking sector struggles with two contradicting challenges. First, it needs to adopt the latest technologies to stay competitive and fight fraud. Second, it still has to hold on to legacy systems, frequently those on-premises, that offer stability and a certain degree of protection. Clients are also putting more pressure on financial service p...
03 December 2019
Willem Lambrechts Managing Director at Drebbel
June 1985, the author of this piece graduates from College. He proudly shows his Certificate titled : "Specialist in marine electronics"! The main subject during the whole curriculum was communications. Three years of training resulted in an almost perfect mastery of an art and craft called radio telegraphy. This was an absolute requirem...
03 December 2019 /sustainable Digital Sales
David Donovan Executive Vice President at Publicis.Sapient
In today’s hyper-competitive world, Private Equity (PE) firms need to focus on executing a sustained digital transformation strategy for building a data driven due diligence capability, enhancing operational efficiencies and accelerating top line growth in portfolio companies. PE Firms also need to have a focused approach to attract and retain ski...
03 December 2019 Private Equity Investing in Financial Technology
Jonathan Westley Chief Data Officer, Experian UK & EMEA at Experian
Data underpins the modern economy. Every single day, Experian processes more than 100,000 applications for credit cards, mortgages, loans and current accounts and more than 500,000 soft searches, helping individuals take control of their finances and protecting their credit report at the same time. But data itself is constantly changing and evolvi...
03 December 2019 Data Management 101
Retired Member
Increasing focus on vendor due diligence has put significant pressure on financial institutions and vendors alike. The challenge comes into focus when we think about the macro implications. There are an estimated 20,000 financial services institutions trying to qualify some 20,000 vendors using questionnaires that can have hundreds of questions....
02 December 2019 /regulation Business Knowledge for IT
Westpac Bank in Australia is facing one of its gravest crises from systemic AML/CTF failures over a 5-year period that contravened the AML/CTF Act on over 23 million occasions. Heads are rolling at Westpac with resignation of the CEO and the retirement of the Chairman of the board. Expect more disciplinary action down the chain of command as the r...
02 December 2019 /ai /regulation Banking Regulations
Steve Morgan Banking Industry Market Lead at Pegasystems
In the past year, we’ve seen technology play a huge part in shaping the banking industry landscape, from emerging fintechs to new solutions facilitated by Open Banking to the latest AI tools. With such progression happening throughout the sector, we are sure to see more disruptive trends emerge in the new year. So, what can we expect? Challengers ...
02 December 2019 /retail Trends in Financial Services
Andrew Stevens Global banking and financial services specialist at Quadient
Last week, HSBC and Santander agreed, following CMA action, to refund customers after they both broke a legal order relating to unarranged overdrafts. Part 6 of the CMA’s Retail Banking Market Investigation Order means banks must send customers text alerts if they’ve exceeded their arranged overdraft limit, with banks unable to charge customers u...
02 December 2019 /regulation /retail Banking Regulations
Ivan Kot Solution Consultant at Itransition
Since its invention back in 2008, blockchain technology has been trying to disrupt a number of industries with varying degrees of success. Core features of blockchain, such as decentralization and immutability, make this technology especially appealing for the financial sector. On paper, blockchain is a perfect solution for the majority of pain po...
02 December 2019
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
The prohibition of “unfair or deceptive acts and practices” by federal banking regulators is not new. First introduced via the 1938 Wheeler–Lea Act, with a significant expansion in 2004, the concept has long been baked into American lending practices. But the Dodd-Frank Wall Street Reform Act of 2010 saw another significant expansion of the governi...
02 December 2019 /wholesale /inclusion Financial Risk Management
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