For almost three quarters (73%) of financials services leaders, customers are the main driving force behind their company’s digital transformation, however fear of failure is holding back the implementation of digital projects, with almost three quarters of financials services leaders put off by the costs of failed projects. This comes as no surprise, as seven-in-10 admit to cancelled projects in the last two years, according to Fujitsu’s Digital Transformation PACT Report.
“Infrastructure and Operations (I&O) leaders tasked with IT operations transformation must prepare for the challenges of contextualizing data acquired by IT Infrastructure monitoring tools from highly modular IT architectures by utilizing AIOps to deal with the volume, variety and velocity of data.”
The Bank Recovery and Resolution Directive (BRRD) has been in effect for some time but this will now be accompanied by reporting obligations to both EBA and PRA.
EBA ‘Z’ templates – applicable to all current BRRD firms – and PRA MRL templates – applicable by notification from the Regulator – are both effective as at 2018 year-end and are supported in Lombard Risk’s Regulatory Reporting platform. The return templates will, of course, be supplied with all Regulator mandated validations and concomitant EBA and PRA XBRL production.
A consortium of international Fintech companies together with Fife Council, Fife College and Fintech Scotland, have joined forces to launch Scotland’s first ‘Fintech Skills Academy’.
The consortium, which includes Renovite Technologies and Ingenico Group, officially launched the Fintech Skills Academy at the premises of Paywizard in Kirkcaldy on September 13th.
The unique environment for financial services in Africa is fertile ground for innovative FinTech players who are not only disrupting but also building it from the scratch which is bringing Financial inclusions and attracting other investments across the continent.
Synechron, the global financial services consulting and technology services provider, has today announced that Sébastien Glineur has joined as Head of its digital practice in Paris.
Today, optile, a next-generation open payment platform for global online businesses, announced that optile Open Payments 1.0 has achieved certified integration with SAP® Applications. optile’s innovative solution can deliver faster growth opportunities to businesses while providing a frictionless, unified payment experience to their customers.
Leading international payments platform Currencycloud has today announced the appointment of Anthemis partner and payments expert Samantha Ghiotti as a new board member, to underpin Currencycloud’s ambitious international growth plans.
Ithmaar Bank and Eazy Financial Services today announced plans to launch the region’s first biometric payment network, supported by the Labour Fund “Tamkeen”, providing new and more efficient alternative for customers to conduct many of their financial transactions.
Leading peer-to-peer business lender, Assetz Capital, has launched a new promotion which rewards its investors with a 1% or 2% cashback bonus on newly lent funds.
To benefit from the cashback offer investors simply need to invest new cash and leave it on the platform until 17th December 2018 – resulting in a 1% cash back on those funds – and if they leave those funds invested until 17th June 2019 they will receive an additional 1% cash back. Payment of the bonuses will be made on 20th December and 20th June, respectively.
