With liquidity shortfalls playing such a fundamental role in the financial crisis of 2008, it’s no surprise that regulations such as Basel III and Dodd-Frank are pushing financial institutions to raise their capital and liquidity ratios. Banks are trying to understand how these new regulations will impact their business. And there’s one overarching theme: the… Continue
In my recent blog, I pointed out that regulations are constantly changing, becoming more complex. Global banks operate across regions and have multiple products, which makes it difficult to prove transparency to regulators. Most tier one banks still have some old systems in place and even, in many cases, manual data sources. This is why… Continue
Have you been thinking it must be time for your bank to get into the 21 century? Instead of suffering from data overload with data stuck in silos and legacy systems everywhere trying to process it? We believe there is an opportunity, because there is more change and more complexity coming, to use these new… Continue
The financial world tries to find ways to grow again. However, there are challenges along the way. Trust among customers – both retail and corporate – has yet to be fully regained. More regulations are to be introduced. Revenues, and therefore profits, are still under pressure. So how can banks offer customers something of value… Continue
There is much debate about the drivers for change in the payments systems arena. New technologies spawning new payments channels, global payments continuing to grow, the move away from paper, market or political initiatives such as SEPA and of course the current high profile topic of increasing regulation. Each of these issues or a combination… Continue
Banks across the globe are keen to use cloud services to drive down capital expenditure, reduce time to market for new products, achieve economies of scale and rationalise IT infrastructure. Recent research from IDC Financial Insights confirmed this, finding that more than two-thirds of firms in financial services have cloud in their technology roadmap. Concerns… Continue
As anyone who works in the sector knows, the financial world revolves around data – and this could well see banks become one of the largest adopters of cloud services. However, as Gartner recently noted, the cloud is overhyped in the banking industry and there is still a way to go before institutions capture the… Continue
Most would agree that a bank can benefit from a centralised payments hub that is scalable and offers rich functionality. But while reducing the number of hubs brings a higher level of consolidation, what banks need is a more service-focused approach to payments. As discussed in my previous blog, service level payments means offering a… Continue
On the surface at least, it’s hard to take away positives in the wake of the financial crisis. Yes, it taught us that we have to manage risk better, improve processes and become more transparent. But it’s the regulators globally that seem to have taken these lessons closely to heart. With some banks still struggling… Continue
Customers today are more discerning than ever before and expect so much more from their banks. They are looking for positive experiences and expect their needs to be satisfied instantaneously. At the same time, banks have a myriad of challenges to navigate through – mounting pressure from regulators, increased competition and so on. Payment services… Continue