Tag: finance

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Digital assistants, social media key for banking by 2022

NEW DELHI: Digital assistants, social media and third-party channels are expected to be the primary channels for banking by 2022, apart from mobile and online, a report said on Wednesday. “After existing digital channels (mobile and online), digital assistants, social media and third-party channels are expected to be the primary channels for banking by 2022,”…
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9th November 2018 0

Cynopsis Solutions continues international expansion with the opening of EMEA office in London

Automated Know Your Customer (KYC) solutions provider, Cynopsis Solutions, today announces that it is launching its Europe, Middle East and Africa (EMEA) operations from new offices in London.   The firm, which is headquartered in Singapore, provides secure, cost-effective software that streamlines and automates KYC processes. Founded in 2014, it has over 750 corporate clients…
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6th November 2018 0

UK banking customer satisfaction: promising responses for high street banks

UK banking customer satisfaction levels have increased over the past decade and significantly so in the last five years. The banking sector has undergone rapid changes since the 2008 financial crisis and now Brexit poses a similar uncertainty. It’s essential for banks and building societies to ensure strong customer experiences stays at the forefront of…
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2nd November 2018 0

The Fintech Power 50 launches

The Fintech Power 50 officially launches at Money20/20 Vegas, unveiling the 50 innovators that will make up its global fintech community. Handpicked from hundreds of applicants, the Fintech Power 50 members are the most influential, innovative and powerful figures in the Fintech industry, all playing leading roles in transforming financial services for the better. The…
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1st November 2018 0

UK regulators reveal ‘comprehensive’ crypto regulation plans

Sale of crypto-referencing derivatives could be banned UK regulators have laid the groundwork for the regulation of cryptoassets and distributed ledger technology (DLT), such as blockchain, with the publication of a long-awaited report. The HM Treasury-led Cryptoasset Taskforce report, published on Monday (30 October), focusses on consumer protection concerns linked to the use of cryptocurrencies,…
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31st October 2018 0

Could Blockchain Innovations Improve Latency And Inefficiency In Banking?

Ah, latency. That seven-letter word takes nearly seven seconds to say and what feels like forever to settle. In simple terms, latency is the delay before data is moved. In the banking world, latency is the time it takes for money to move across a ledger, which is a book of accounts where transactions are…
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30th October 2018 0

RBS sets £100 million aside to cover Brexit uncertainty

LONDON (Reuters) – Royal Bank of Scotland (RBS.L) has set an extra 100 million pounds aside to account for possible bad loans as a result of Brexit uncertainty, in the first concrete sign this is clouding the outlook of a big British bank. The provision means RBS is concerned that its customers might become less…
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28th October 2018 0

The Clean Slate approach to Banking

Both in life and in banking technology, few have the luxury to start over with a clean slate. Banks usually have to build upon the investments (and mistakes) of prior years. Banks built their entire business eco‑system around core banking solutions and technology that were designed, developed, and enhanced over the last 3 decades. These…
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26th October 2018 0

Bad news for fraudsters as bank account name checks finally come in

From July next year if the name doesn’t match with the account and sort code the payment won’t go through. It’s taken too long to get to this point With a little luck 2019 will not be a happy new year for fraudsters. Pay UK, which maintains the UK’s payments systems, today unveiled plans that will…
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25th October 2018 0

Amphora announces certified native integration with CubeLogic

Enables Symphony CTRM users to seamlessly leverage the market leading KYC onboarding, business process management and credit risk management capabilities of the RiskCubed platform   Wednesday 24th October 2018 – Houston and London. Amphora, a leading vendor of multi‑commodity trading and risk management solutions to streamline operations, reduce transaction costs and manage financial and physical…
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24th October 2018 0