The pace of change in the financial services sector is such that traditional business models are no longer viable, and firms that have stood the test of time must adapt in order to survive. A recent Gartner report found that by 2030, 80% of heritage financial firms will cease to exist, become commoditised or achieve “zombie” status (i.e. those that are unable to cover debt servicing costs).
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Agile holds the key to competition and growth in financial services
Tuesday, December 3, 2019 - 09:18
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/blog/financial-services/agile-holds-key-competition-and-growth-financial-services
New Artificial Intelligence and Machine Learning Platform for Reconciliation, Matching and Exception Management Operations Introduced by Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index,today announced the launch of Broadridge Data Control Intelligent Automation, a new artificial intelligence (AI) and machine learning (ML) platform built to be deployed across industry-wide reconciliation, matching and exception management applications.
Tuesday, December 3, 2019 - 09:13
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/news/artificial-intelligence/new-artificial-intelligence-and-machine-learning-platform
VNX Exchange Partners With Sumsub to Provide State-of-the-Art Compliance Experience
Luxembourg-based VNX Exchange is joining forces with Sumsub, a scalable solution for KYC/AML regulatory compliance, to stay in line with growing jurisdictional demands and ensure compliance of its platform.
Tuesday, December 3, 2019 - 06:44
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/news/aml-and-kyc/vnx-exchange-partners-sumsub-provide-state-art-compliance-experience
Financial IT
The State of The Global Export Market. Barriers and Opportunities for Local Business Going Global
Global trade is an ever-shifting sea. The waves of growth go up and down, but one thing remains certain: both barriers and opportunities are always present.
Global trade tensions have been rising since 2018, and with tariffs on some widespread goods having a comeback in the last couple of years, international export/import activities face some challenges up ahead. According to projections of WTO’s experts in 2019, global trade growth is slowing down and whether it will rebound is a question of easing international trade tensions.
Tuesday, December 3, 2019 - 05:28
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/blog/globalexport/state-global-export-market-barriers-and-opportunities-local-business-going-global
Financial IT
How Generation Z Will Reshape Digital Banking
Generation Z (or Gen Z), the demographic cohort following the Millennials, presents a new breed of customers for financial institutions. Born after 1995, Gen Z is the first generation to be born and raised with YouTube, Instagram and Netflix. Unlike Millennials who witnessed the rise of the digital age, Gen Z has never known a world without smartphones, social media and instant access to information. Technologically savvy and highly educated, they bring a new mindset and customer behavior for banks to grapple with.
Tuesday, December 3, 2019 - 05:20
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/blog/digitalbanking/how-generation-z-will-reshape-digital-banking
Financial IT
Goldman Sachs to Put the Brakes on Marcus Expansion in UK
Goldman Sachs is planning to slow down the growth of its online retail banking brand Marcus in the UK.
This is to avoid surpassing $25 billion in deposits which would require the US bank to ring-fence its retail banking intake from riskier investment activity, the Sunday Telegraph has reported.
Goldman Sachs is understood be around halfway to this figure at present.
Tuesday, December 3, 2019 - 05:06
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/news/compliance/goldman-sachs-put-brakes-marcus-expansion-uk
Financial IT
Zopa Closes in on £130m Capital Injection for Bank Push
UK peer-to-peer lending outfit Zopa is set to secure £130 million in funding, enabling it to meet regulatory capital requirements for its foray into banking.
As first reported by Sky News, an entity linked to IAG Capital Partners, a US-based fund, and its UK investment vehicle Silverstripe is on the verge of taking a majority stake in Zopa.
The expected funding comes just days before Zopa's banking license-with-restrictions expires a year after being granted, helping it meet capital requirements.
Tuesday, December 3, 2019 - 05:03
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/news/retail-banking/zopa-closes-ps130m-capital-injection-bank-push
Financial IT
Colu and Tel Aviv Municipality Create a Winning Program
Colu, a city app and digital wallet solution for smart cities, partnered with Tel Aviv Municipality and the Tel Aviv Foundation, aiming to develop financial tools to strengthen urban resilience, drive consumers to shop at stores cut off from traffic by the city’s train construction.
Tuesday, December 3, 2019 - 04:58
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/news/wealth-management/colu-and-tel-aviv-municipality-create-winning-program
Financial IT
Scality RING Again Receives Highest Score for Hybrid Cloud Storage Use Case in Gartner Critical Capabilities for Object Storage
Scality, leader in software solutions for global data orchestration and distributed file and object storage, today announced that the company’s acclaimed RING™ software-defined storage solution was ranked with the highest score in the “Hybrid Cloud Storage” use case, and scored second highest in all other use cases in the Gartner Critical Capabilities for Object Storage report published on 25th November 2019.
Tuesday, December 3, 2019 - 04:54
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/news/cloud/scality-ring-again-receives-highest-score-hybrid-cloud-storage-use-case-gartner-critical
Financial IT
Norway’s Bank Branches Equipped with Keesing Solution to Streamline Onboarding of Customers.
Keesing Technologies is happy to report that, together with trusted partner Risk Information Group (RIG), it has been able to implement AuthentiScan, its customer onboarding and identity proofing solution in over 96% of all physical bank branches in Norway. Furthermore, the solution is rapidly gaining ground in Sweden, Denmark and Finland.
Tuesday, December 3, 2019 - 04:51
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/news/banking/norways-bank-branches-equipped-keesing-solution-streamline-onboarding-customers
Financial IT
