New research from TowerGroup claims that an increasing focus on risk management will trigger a range of strategic technology initiatives in the commercial lending sector. The report argues that commercial lending is plagued by too many systems, too many manual processes and too much operating expense. ‘Though the technology exists to address many of the industry’s current challenges, the organizational structure and history of most commercial lending units have tended to thwart efforts to collaborate on unified systems,’ the firm asserts. According to the report, the next 10 years will witness a ‘profound’ change in both the sector and its technology due to an industry-wide shift from managing credit to managing assets and the growing primacy of risk management. In addition, the credit and operational risk requirements of the new Basel II Accord are expected to make risk management the ‘spark that ignites the coming breakthrough’ in commercial lending technology.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more