While I agree with Gartner that we are going to see a lot more fintech start-up influences in traditional banking sphere, I think it is likely to be a combination of old and new, rather than a wholescale change. So we can expect some challenges ahead.

Emerging and Startup Digital Banking Platform Technologies Key to Success of Digital Initiatives

Banks face intense pressure to increase efficiencies and reduce costs while delivering next-generation digital services; however, incumbent application vendors have been slow to respond to new requirements, according to a new report from Gartner, Inc.

Gartner predicts that by the end of 2019, 25 percent of retail banks will use startup providers to replace legacy online and mobile banking systems.

For large institutions the process of gauging whether you need to be complicit with BCBS / IOSCO 261 has started. For everyone else, you need to prepare and ensure you have a capability to meet the demands of collateral velocity and efficiency under the new regulations. This is something that cannot be done effectively or cheaply manually. In our recent paper “Turning Up the Dial” we explored a holistic approach to collateral management and optimisation, and expanded on various themes; all interrelated to liquidity and capital management.

Lloyds Commercial Finance (LCF), a leading provider of Invoice Finance, Asset Finance and Asset Based Lending in the United Kingdom, has implemented 3i Infotech‘s  Kastle™ Onboarding Solution, a rich workflow-based Credit Approval application to streamline and automate its business processes in the Commercial & Industrial market segment.

VocaLink, the international payment systems provider, today announces the signing of a five year deal to provide exclusive processing for the LINK ATM network.  The deal is the UK’s largest ever ATM processing deal and is expected to deliver over 16 billion transactions.

BondEdge® Wealth Manager is a packaged solution that provides wealth managers and advisors with institutional level portfolio analytics, investment reporting, charts and compliance reports.       

Leading payment consultancy FIME has helped Interblocks, a leading provider of integrated, electronic payment processing solutions, achieve EMV^® Level 2 certification of Sri Lanka’s first ATM kernel.

The financial industry continues to be a top phishing target for cybercriminals. During the third quarter of 2015, 34 percent of phishing attacks worldwide were directed towards financial institutions and payment services organizations.