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Trend briefing on information security

Trend briefing on information security


 

Trend briefing on information security

When it comes to banking, compromising or breaching of client information is potentially one of the highest risk areas for both individuals and companies. Personal information that is compromised could lead to fraud and financial loss, as well as third-party control over financial affairs, while banks themselves are subject to huge reputational risk and regulatory risk in allowing breaches of information. However, there are other significant consequences apart from financial loss.


Read More: Trend briefing on information security
(2018-12-11)


Trend Briefing on Fintech for SME Finance

Trend Briefing on Fintech for SME Finance


 

Fintech innovations automating Cheque Processing

Small and Medium-sized Enterprises (SMEs) are globally acknowledged as a key success factor to grow the economy and reduce unemployment. The ability of SMEs to grow sustainably is dependent on their capacity to access finance, which has traditionally been the domain of commercial and retail banks. However, these institutions’ credit models are generally predicated on a history of banking behaviour and the extent of collateral – therefore SMEs, which may not have lengthy banking histories or collateral, are perceived as high-risk. SMEs are generally growth driven and therefore require banks to take an investment view, and not a credit view, of their business. The gaps between funders and SMEs are amplified for start-up businesses, which by their nature are already a high risk. This impasse between financial institutions and SMEs has led to a significant bottleneck to the growth of the economy.


Read More: Trend Briefing on Fintech for SME Finance
(2018-11-30)


Technological disruption finally reaching bond markets

Technological disruption finally reaching bond markets


 

Fintech innovations automating Cheque Processing

AEquity markets were one of the first banking sectors to experience disruption, which arrived in the form of new fintech entrants. These ranged from electronic trading platforms to robo-advisors. The bond market, however, has seen far fewer technological advancements and has remained characterised by old-fashioned methods of trading “over the phone” with little transparency. That is starting to change.

Electronification of bond trading platforms is a growing trend, starting with the larger government debt markets but starting to slowly feed into municipal and corporate bond markets too. One of the distinguishing features of the bond market is that companies generally only issue one stock but may have several bonds, all with different features. This, coupled with the large volumes catering solely for institutional and not retail markets, makes it harder to analyse bond markets.


Read More: Technological disruption finally reaching bond markets
(2018-11-16)


Fintech Innovations for Human Resources

Fintech Innovations for Human Resources


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Fintech has penetrated through almost every process within financial services but the aspect of human interactions has been restricted largely to client relationships. There has been far less focus on interactions with potential employment candidates and between employees.
 
Although some HR processes are generic to all companies (like recruitment), some are specific to financial services (like financial training). Apart from the more obvious technologies of digitising processes like online/social media channels for recruitment and paperless solutions, there are emerging technologies that are enhancing the way employees perform their jobs, in some cases, redefining the activities themselves.


Read More: Fintech Innovations for Human Resources
(2018-10-05)


Fintech in the FICC Market

Fintech in the FICC Market


A closer look at trends in the FICC market:

TrendReport"

Automation and AI are one of the drivers of competitive differentiation in capital markets—in the front and back office

The FICC business within the investment banking sector has been slow to experience disruptive technologies, largely due to the human based nature of the advisory work. The trading aspects has been awash with multiple algorithmic solutions over the past two decades, although most of these have been computational in nature using better processing capabilities of existing software and hardware. Many banks have also scaled back FICC desks due to post-crisis regulation, higher operating costs, and a shrinking revenue pool.

However the emergence of new technologies such as intelligent automation and AI can be a driver of competitive differentiation in capital markets—in the front and back office. Front-office technology innovation, especially cognitive automation, can bring efficiencies and possibly new sources of growth. In the back office, the industry can confront a smaller and unpredictable revenue pool by mutualizing post-trade overhead across participants. Banks that build the right capabilities and make the strategic choice to ride out near-term pressures to stay with the FICC business could see big pay-offs.


Read More: Fintech in the FICC Market
(2018-09-04)


Fintech innovations automating Cheque Processing

Fintech innovations automating Cheque Processing


 

Fintech innovations automating Cheque Processing

As much as the digital revolution has created multiple forms of paperless payment, from EFTs to cards to wearables, there is still a substantial amount of cheques still being issued, particularly for the B2B market. Cheques have some defining characteristics that may seem archaic in the new world of real time, instant payments but may actually be desirable in many instances, e.g. delays payment, ability to post date payment, simple to use, requires no knowledge of payees banking details etc.

However, the process of issuing and receiving can be cumbersome. Several fintechs have automated some aspects of cheque processing either by digitally issuing checks or using technology to digitise paper cheques while maintaining adequate security.


Read More: Fintech innovations automating Cheque Processing
(2017-11-29)


Fintech innovations offering Cloud Based services

Fintech innovations offering Cloud Based services


 

Fintech innovations offering Cloud Based services

A driving factor behind the rise of fintechs has been access to technology and storage, at lower cost. Fintechs have leveraged these advantages to start offering niche based services with different pricing models as opposed to normal, location based technology.

Applications of cloud based fintech range from the obvious one like data and document storage to much more complex products like separating the elements of encryption in different layers. In addition, the cloud allows greater collaboration between developers and data analytics providers.


Read More: Fintech innovations offering Cloud Based services
(2018-01-17)


Fintech Innovations that use Comparison Engines

Fintech Innovations that use Comparison Engines


 

Fintech innovations that use comparison engines

The exponential increase in data as well as the willingness of people to share information has led to a rich set of data that peers can compare themselves to. In addition, there is an abundant set of technologies that allow data to be anonymised while being aggregated. The earliest versions of this were comparison of interest rates offered by banks.

However, this has evolved and it's now possible to compare your investment portfolio to others of a similar profile. The continued transparency in costs and benefits has led to a transfer of power to the consumer. However, the glut of information needs to be organised in a user friendly manner which is where the fintech industry has stepped in using efficient algorithms and cloud computing.


Read More: Fintech Innovations that use Comparison Engines
(2017-03-08)


Fintech innovations on Personal Financial Management (PFM)

Fintech innovations on Personal Financial Management (PFM)


 

Fintech Innovations on Personal Financial Management (PFM)

PFM software has been around for over 30 years but was designed for the limited amount of PC users at the time. These were often used for household finances as well as for a small segment of individuals. However, the increase in information available to individuals as well as the ability to obtain a complete view of finances have led to a large number of vendors (and banks) offering PFM services to their clients. A PFM solution typically has two main features, i.e. can record transactions; and be able to aggregate information across different products to present a holistic view of current finances. Other features include automated savings, classification of transactions and budget tracking.

The ability to aggregate transactions and categorise them is at the heart of using data to manage money and, in most cases, in real time as well. Therefore financial decision making can be better informed with all relevant information available. In addition, the availabilityof investment information means that longer time financial decisions can also be taken. The ease of integration of current software with cloud based feeds have also made much of the processes automated with very little manual intervention required. It is now possible to view one’s overall wealth, simplified balance sheet, cash flows, debt management and progress towards financial goals.


Read More: Fintech innovations on Personal Financial Management (PFM)
(2017-03-01)


Fintech innovations that improve Reporting

Fintech innovations that improve Reporting


 

Fintech Innovations that Improve Reporting

The enormous amount of data generated from multiple sources in a bank often leads to a lack of holistic reports. Several fintechs have developed technologies that are able to extract data and aggregate these to be presented in a useful format


Read More: Fintech innovations that improve Reporting
(2017-02-01)


More Articles ...


1. Fintech innovations on Know Your Customer (KYC)Fintech innovations on Know Your Customer (KYC)
2. Fintech innovations on Multi Factor AuthenticationFintech innovations on Multi Factor Authentication
3. Fintech innovations on Trading TechnologyFintech innovations on Trading Technology
4. Fintech innovations on MortgagesFintech innovations on Mortgages
5. Fintech innovations on Asset ManagementFintech innovations on Asset Management
6. Fintech innovations on Cross Border PaymentsFintech innovations on Cross Border Payments
7. Fintech innovations on Client MarketingFintech innovations on Client Marketing
8. Fintech innovations based on Social Media AnalysisFintech innovations based on Social Media Analysis
9. Fintech innovations providing Business Supporting ServicesFintech innovations providing Business Supporting Services
10. Fintech innovations using Algorithmic TechnologyFintech innovations using Algorithmic Technology
11. Fintech innovations for Cash Flow ManagementFintech innovations for Cash Flow Management
12. Fintech innovations for SME Accounting SolutionsFintech innovations for SME Accounting Solutions
13. Fintech innovations for MicrotransactionsFintech innovations for Microtransactions
14. Fintech Innovations for Financial AdvisorsFintech Innovations for Financial Advisors
15. Fintech Innovations for Bank to Bank OfferingsFintech Innovations for Bank to Bank Offerings
16. Fintech innovations for Rewards and LoyaltyFintech innovations for Rewards and Loyalty
17. Fintech Innovations for Financial EducationFintech Innovations for Financial Education
18. Fintech Innovations Based on Mobile WalletsFintech Innovations Based on Mobile Wallets
19. Anti Money LaunderingAnti Money Laundering
20. Broker InnovationBroker Innovation
21. Card FraudCard Fraud
22. Document ManagementDocument Management
23. CrowdfundingCrowdfunding
24. Rapid prototypingRapid prototyping
25. Gamified fintech in trainingGamified fintech in training
26. Blockchain for non-paymentsBlockchain for non-payments
27. Fraud PreventionFraud Prevention
28. Artificial IntelligenceArtificial Intelligence
29. Portfolio ManagementPortfolio Management
30. Youth bankingYouth banking
31. Cost savingsCost savings
32. Natural Language ProcessingNatural Language Processing
33. Data analyticsData analytics
34. Process EfficiencyProcess Efficiency
35. Alternative credit scoringAlternative credit scoring
36. RegTech complianceRegTech compliance
37. PaymentsPayments
38. Identity ManagementIdentity Management
39. Customer LifeTime ValueCustomer LifeTime Value
40. Bank in a boxBank in a box
41. Machine learningMachine learning
42. Financial inclusionFinancial inclusion
43. Share tradingShare trading
44. Robo advisorsRobo advisors
45. ComplianceCompliance
46. SME bankingSME banking
47. Digital account originationDigital account origination
48. Matchi Trend Report - Digital Account OriginationMatchi Trend Report - Digital Account Origination
49. Matchi Trend Report - Small BusinessesMatchi Trend Report - Small Businesses



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