• Blockchain, cryptocurrencies and the future of banking

    Blockchain, cryptocurrencies and the future of banking

    The current conventional banking system makes it hard for banks to interoperate with each other. In order to overcome those issues, banks set up huge back offices with lots of staff to deal with huge piles of paperwork. Now a new technology is being tested that is set to change the entire system. Blockchain technology makes it possible to transfer funds between one wallet to another within minutes without having to go through the red tape. All it takes is the initial consent from both the parties and a confirmation from the participants of the network.Blockchain technology undermines the ‘middle-man’ business model. It makes it... Read More

  • 6 Steps To Stay Ahead Of Regulatory Change

    6 Steps To Stay Ahead Of Regulatory Change

    Regulation persists as a major challenge for the banking industry and Financial Services Institutions. The sheer volume and the complexity of these updates are often a laborious and up-hill battle. A recent survey polled the responses of 123 compliance professionals across North America & Europe where 19% of the respondents reported taking up to a year to implement regulatory changes!Over the last few years, banks have had to deal with an ever-increasing number of overlapping regulations established by a diverse, uncoordinated set of regulators across many locations. In short, the pace and complexity of regulatory change significantly... Read More