Global trade is under unprecedented pressure from COVID-19 and geopolitical challenges, with supply chains affected by a range of factors firms cannot control. As liquidity dries up and the global economy shrinks, banks should prepare for higher levels of non-performing loans, and should find ways to move credit risk off their balance sheets. At the…
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When it comes to whether emerging technologies like artificial intelligence (AI) and blockchain are practical for equipment finance, it depends on the application. That was the key takeaway from the recent ELFA 2020 Business Live! virtual convention panel discussion I had the fortune of being a part of. I joined host Deb Reuben of TomorrowZone and fellow…
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There’s no two ways about it: ISO 20022 is a complex new standard for financial services firms of every description. Inside that complexity lie some operational hurdles for payments players—but also tremendous opportunities. We can see why by looking at the ISO 20022 message format, which neatly encapsulates the high-level impact of the new standard.…
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Hong Kong could have a major role to play in supporting the overseas expansion of China’s fintech giants. The growth of China’s fintech giants in their domestic market has, until recently, been relatively unfettered by regulatory constraints. But the recent emergence of a more hands-on regulatory approach has created a degree of uncertainty about the…
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When it comes to digital, middle market banks want what the big banks have. But they assume it’s out of reach. The refrain I hear from leaders goes something like this: “I’d love to be more digital, but we don’t have a big bank sized technology budget.” Banks go so far down the rabbit hole…
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In my previous post, I wrote about the changing dynamics in the cloud conversation. But a conversation is just that—a conversation. It’s meaningless if banks don’t take action. In this post, I will outline the considerations for a successful cloud strategy, potential value and overall challenges. For more information, read our detailed report The Cloud…
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Sibos 2020, the world’s largest financial services conference, was held virtually this year from October 5-8. The theme this time was “Driving the evolution of smart finance.” As usual, the conference served as a platform for the global finance community to have stimulating discussions and exchange ideas. Seven key themes for payments jumped out at…
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