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Some corporate banks have recently been losing clients to non-traditional providers of payment services. Others are wondering how best to tap into this important revenue opportunity during a period of rapid evolution. Either way there are some fundamental concepts that need to be incorporated when designing an extended online service. Disruptors have demonstrated the importance of creating digital solutions that make it easy for customers to conduct their payments fast and with full transparency. Fortunately, there is no exclusivity on functional excellence and more conventional banking providers are now benefiting from the lessons learnt.

Electronic devices consume our lives.  The extension of wifi-enabled "smartness" into all manner of devices has turned even a basic doorbell into a legacy system.  

We were recently asked – what 3 things do you think are affecting/will affect the reinsurance industry from a technology perspective? 

With so much going on, it’s hard to keep it down to 3. Therefore, I cheated a little and instead I have 3 x 3…  

In my last blog The week that was the MiFID II deadline I highlighted the issue with LEI’s. This time it seems it is the turn of ISINs that are causing some turbulence below the surface of what otherwise has been a great industry effort to get the good ship (MiFID II) launched and implemented without any sharp squalls driving us onto the rocks.

The 4th Industrial Revolution (4IR) relates to the introduction of cyber-physical systems, blurring the lines between technology and “the real world”.

So the 3rd of January came to pass and the City was not plunged into meltdown by the implementation of MiFID II/MiFIR. Some confusion reigned due to the late announcement of 6-month smoothing exercise to the implementation of LEI’s. The summary statement was – 

UI and UX designers are often faced with questions like “Why do I have to double-click that to edit it?” and “These fields are next to each other on the MRC, so why are they on different screens in the UI?”

Eurobase gave to me...Governance and Compliance 

T’was the night before Christmas, when all through the bank,

Treasury Managers were wondering who they should thank,

For the upcoming challenges they were due to face,

And new regulation they have to embrace.