iMeta Technologies Ltd., a leader in Onboarding and Client Lifecycle management technology for financial institutions, has launched a video animation on Client Onboarding for financial institutions.

Click here to view video: https://www.youtube.com/watch?v=-DFyp6itCCI

In the video, iMeta describes the challenges investment banks and capital market firms have when onboarding new and existing clients, such as:

AxiomSL, the leading global provider of regulatory reporting and risk management solutions, announced today that PNC, one of the largest banks in the United States, will deploy the AxiomSL platform to meet regulatory reporting requirements, such as FR Y9c, 14 M/Q and 5G/2052a, across the U.S., Canada and the Bahamas.

Credits, a blockchain infrastructure provider is partnering with Skyscape Cloud Services Limited, to deliver Blockchain-as-a-Service to UK public sector organisations.

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.