Tag: Banking Systems

Explore the RegTech Revolution

Banking software company Temenos acquires Logical Glue for £12m

By scooping up London-based Logical Glue, Temenos is strengthening the legal compliance of its banking platform. Launched in 2012, Logical Glue uses artificial intelligence (AI) to inform better decisions through huge data sets. This is particularly useful for banks as global regulators are increasingly mandating that customers have the right to know how automated decisions…
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19th July 2019 0

The old rules no longer apply: Risk management and regulatory reporting in the cloud

Deploying new applications on the cloud is now the default. The question is not if applications should be built in the cloud or existing workloads should be migrated, but how fast can financial institutions (FIs) remove traditional IT constraints in the age of digitalisation. In the race to innovate, FIs are already missing opportunities to…
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17th July 2019 0

Major Storm Clouds On The Digital Banking Horizon

All of the major trends and predictions move traditional banking organizations towards the ultimate goal of digital transformation. The need to ‘become digital’ is not a matter of ‘if’, but ‘when’. The challenge is that, while the consumer expects the banking industry to follow the lead of technology and fintech leaders, most banking organizations fall…
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15th July 2019 0

European Supervisory Authorities calls for improved clarity on cross-border activities

The Joint Committee of the European Supervisory Authorities (ESAs) calls for more clarity on activities carried out through digital means, in the new report. In a new report on the cross-border supervision of retail financial services, the ESAs has identified the main issues national competent authorities (NCAs) face with supervising financial institutions that provide cross-border…
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11th July 2019 0

4 Key Strategies To Create a Future-Proof Digital Bank

Deploying a digital-first banking platform is not only now possible but mandatory for financial institutions of all sizes. To compete effectively in the future, every bank and credit union must understand the four facets of a digital platform strategy — omnichannel capability, modular structure, open API architecture, and smart technologies. Consumers used to shop around,…
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9th July 2019 0

Swift to test real-time cross border payments in Europe

Banks from France, Germany, Italy, Luxembourg, Russia and Spain have joined with Swift to test real-time gpi cross-border payments through the Eurosystem’s Target Instant Payment Settlement (Tips). While payment messages cross the Swift network in real-time, the settlement and receipt of funds in the beneficiary account can lag by several days when entering national domestic…
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5th July 2019 0

A credit solution for the underbanked

According to the FDIC, a shocking 25% of U.S. households are underbanked or outright unbanked – meaning they either lack sufficient access to banking services or don’t use banking services at all. In the case of the unbanked, most people simply don’t trust the intentions and internal process of big banks and refuse to use…
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1st July 2019 0

Top 5 ways GDPR has impacted digital banking

In its first year of operations, GDPR has created a more challenging regulatory landscape. However, it also presents new opportunities for the digital banking sector Having reached the one-year anniversary of the implementation of the General Data Protection Regulation (GDPR), we can now begin to assess how the past 12 months have marked a transition…
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27th June 2019 0

TypingDNA partners with XTN Security to help banks comply with PSD2

TypingDNA has partnered with cybersecurity startup XTN Security to help banks better defend themselves from fraud threats. As part of the deal, TypingDNA’s typing biometrics will integrate with XTN’s behavioural fraud prevention software to passively recognise users based on their typing patterns. With increased threats of cybercrime and regulations such as PSD2 and its strong…
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26th June 2019 0

Is ‘Brexit effect’ to blame for drop in UK data management investments?

  Research from data backup software supplier Veeam suggests UK C-suite is set to invest much less in data management over the course of the next 12 months than the rest of the world, prompting concerns that Brexit might be to blame  The economic uncertainty surrounding the UK’s exit from the European Union could be…
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21st June 2019 0