Deutsche Bank plans to partner with fintechs that have complementary business models, rather than buying out tech start-ups and competing in the market, bank executives said at press briefing this week. They also discussed future strategies for the technology, securities and payments spaces.
The only way PSD2 will function effectively and securely, will be through the mobile banking application itself. However, the directive does not specify how secure this access will be, nor, what risks will arise, and for who.
Criticisms of bitcoin by JP Morgan Chase’s boss have been denounced by a UK academic as “ironic” and “hardly surprising” considering the impact bitcoin could have on financial intermediaries.
These are interesting – and uncertain – times for global retail banking, from Trump's desire to remove Dodd Frank to Brexit and new British banking regulations.
Leaked documents from the UK Home Office proposing that low-skilled EU migrants would be restricted in the UK’s post-Brexit immigration scheme may be more likely to increase automation and off-shoring of labour, rather than increase British wages, industry experts have warned.
Studies show that many organisations are not aware of the fines they could face after GDPR comes into effect, or lack the technology to allow for compliance. The penalties for non-compliance are high: any breaches incur a maximum penalty of 4% of the organisation’s global annual turnover, or €20m, whichever is more.
Plenty of attention has currently being given to the new S/4 HANA, a business suite that is built on SAP's proprietary operational database system and in-memory computing platform called SAP HANA. But what are the drivers for treasury to migrate to S/4 HANA?
The “sad truth” of banking is that many jobs will be automated in the future, Deutsche Bank's chief executive said yesterday. Despite this, a recent survey found that 98% of European workers are optimistic about the changes automation will bring to their workplace.
Should treasurers be using the new S/4 HANA, a business suite that is built on SAP's proprietary operational database system and in-memory computing platform called SAP HANA? Or should they ignore the software until it is more mature?
As 56% of global annual bank revenue is generated by corporates, it is little wonder that more than half of all the $78 billion invested in fintechs has been targeted towards corporate banking.