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Category: Operational


Capital and Risk, Operational

The Future of Insurtech: Innovations in Business and Financial Security

November 21, 2023

Via: TechBullion

The landscape of the insurance industry has undergone a transformative evolution with the advent of Insurtech, a dynamic blend of insurance and technology. This amalgamation has not only disrupted traditional business models but has also paved the way for innovative […]


Capital and Risk, Operational

S&K Observations and Practical Recommendations on Wire Transfer Fraud

November 15, 2023

Via: JD Supra

Risk Trend This risk alert highlights a recent trend of criminals using fraudulent wire transfer schemes to target financial institutions and the steps that clients can take to mitigate this increasing risk. We have observed this trend affecting investment managers […]


Capital and Risk, Operational

Chinese banking giant’s US arm hit by ransomware attack

November 10, 2023

Via: Banking Dive

“Immediately upon discovering the incident, ICBC FS disconnected and isolated impacted systems to contain the incident,” the bank said in a statement. The firm, whose clients include hedge funds, broker-dealers and global banks, said it is investigating the attack and […]


Capital and Risk, Operational

What bank, fintech execs are saying about AI

October 30, 2023

Via: Banking Dive

President Joe Biden is expected to sign an executive order on Monday aimed at regulating the development of artificial intelligence. The landmark order sets “new standards for AI safety and security, protects Americans’ privacy, advances equity and civil rights, stands […]


Capital and Risk, Operational

Embedded Finance: Should Banks Overthrow Intermediaries and Reclaim Control?

October 27, 2023

Via: Bank Director

Well, everyone is talking about a $7 trillion opportunity in embedded finance. This colossal figure is enticing enough for several banks to hop on the bandwagon without even validating if they are truly prepared to be active competitors or if […]


Capital and Risk, Operational

US-based Honor Bank goes live on nCino’s commercial banking platform

October 11, 2023

Via: FinTech Futures

The Michigan-based bank says it was looking to modernise its technology stack and utilise a “more modern” and “customer-centric” solution, and since choosing nCino, has been able to streamline operations, enhance its customer experience and strengthen its “competitive edge” in […]


Capital and Risk, Channels, Operational

Fed’s Waller pushes back on criticism of FedNow’s adoption rate

October 11, 2023

Via: Payments Dive

Participation in the Federal Reserve’s real-time payment settlement service, FedNow, has expanded from an initial group of 50 banks and credit unions to more than 100, Fed Gov. Christopher Waller said Friday at a payments conference held by the Brookings […]


Capital and Risk, Operational

GenAI: friend or foe in fraud risk management?

October 2, 2023

Via: FinTech Futures

The technology’s ability to generate human-like conversations and impressive original content is being extolled by experts and common users alike across industries. From students to researchers, consultants, software developers, artists, media content creators, businesses, consumers of various services – the […]


Capital and Risk, Operational

Monzo announces new feature to help protect customers against impersonation scams

September 7, 2023

Via: FinTech Futures

An impersonation scam is when a scammer makes contact with an account holder, typically by calling them, and pretends to be from a trusted organisation to manipulate them into transferring them money. As the rise of digital banking services continues, […]


Capital and Risk, Operational

Unpacking the hype: Generative AI in banking and finance

August 22, 2023

Via: FinTech Futures

If the surge of funding into AI and the long queue of AI patents waiting to be filed are anything to go by, then the hype is far from over. And while clouds of concern surround this topic, just as […]


Capital and Risk, Operational

AI-driven financial services must also champion fraud prevention, FCA warns

July 13, 2023

Via: FinTech Futures

This was the primary narrative of a speech given by Nikhil Rathi, the regulator’s chief executive, at the Economist Impact event in London this week. Rathi’s speech centred around the growing impact of AI within the financial services industry, including […]


Capital and Risk, Operational

Banking on APIs

June 16, 2023

Via: FinTech Futures

In 1992, I wrote a paper on the future of application development for Lloyds Bank. My paper described a vision of “end user development” to maximise flexibility and reduce cost of development. In this paper I called for the bank […]


Capital and Risk, Operational

5 Ways Bank Boards Can Strengthen Operational Resilience

June 8, 2023

Via: Bank Director

As banks face an expanding array of threats and challenges, boards recognize the need to adapt their thinking. As a result, boards are increasingly taking a new approach to operational resilience. The topic of operational resilience calls to mind internal […]


Capital and Risk, Operational

How Banks Can Implement 3 Types of Automation Solutions

June 1, 2023

Via: Bank Director

Common and current inefficiencies include relying on manual reports created in spreadsheets across multiple systems, using email or word processing to capture and document approvals and serve as a system of record and inconsistent procedures across business functions. A digital-first […]


Capital and Risk, Operational

JP Morgan taps Sharegain for digital securities lending solution

April 24, 2023

Via: FinTech Futures

Sharegain’s digital securities lending solution will bolster JP Morgan’s existing client offering for wealth managers and online broker participants across 30 markets. The fintech’s end-to-end digital solution allows investors to generate revenue through loaning out their financial assets – including […]


Activity, Capital and Risk, Operational, Retail Banking

Regions Bank selects Temenos for customer deposit system modernisation

April 14, 2023

Via: FinTech Futures

Switching to a scalable, modular, cloud-based Software-as-a-Service (SaaS) model means Regions Bank can offer more personalised banking products and services, Temenos says. Regions Financial Corporation CEO and president John Turner says modernising the bank’s core systems “paves the way” for […]


Capital and Risk, Channels, Operational

How Digital Wallets Can Improve Payment Security in BigCommerce Stores

April 13, 2023

Via: TechBullion

With the rapid growth of eCommerce and the increasing number of online transactions, security concerns have become more prevalent than ever before. Payment security has been a major issue in the online business environment, with many of them falling prey […]


Capital and Risk, Operational

Lloyds Bank partners Enigio to boost trade finance digitisation

April 6, 2023

Via: FinTech Futures

The pair will widen the number of use cases for Enigio’s trace:original solution for digital original documents, including promissory notes, bills of exchange and bills of lading. The trace:original solution enables the creation of digital documents that can be used […]


Capital and Risk, Operational

ChatGPT and generative AI — what does banking have to do with it?

March 7, 2023

Via: FinTech Futures

Ready or not, the genie is out of the bottle and there is no going back. From digital art and journalism to gaming and marketing tech, every industry is being disrupted. Open AI’s ChatGPT, in particular, stole the limelight after […]


Capital and Risk, Operational

Executive panel: key banking cybersecurity developments for 2023

March 6, 2023

Via: FinTech Futures

1. Artificial intelligence (AI) and machine learning (ML) As cybercrime continues to become more sophisticated, banks are adopting technologies that can keep up with the threats. AI and ML are among those technologies that are playing an important role in […]