Boris Bialek Field CTO, Industry Solutions at MongoDB
Open banking, also known as open finance, is transforming the banking industry with financial institutions embracing greater transparency and collaboration, while also driving product innovation. In fact, the number of individuals utilising open banking services is expected to reach 132.2 million this year – a trend which is already stimulating c...
28 February 2024 /payments /cloud Open Banking
On the 28th of May, 2024, the Securities and Exchange Commission (SEC) in the United States will implement a pivotal change in the securities trading sector: moving to a T+1 settlement cycle. This shift – reducing the settlement period from two business days after the trade date to just one – is a strategic move to mitigate market volatility a...
11 January 2024 /regulation /cloud Artificial Intelligence and Financial Services
Environmental, Social and Governance (ESG) data collection and reporting has increasingly become a corporate priority over the last few years. Over 96% of S&P 500 companies published sustainability reports in 2021, according to research from the Governance and Accountability Institute. This need to examine and publish ESG data has been driven...
27 March 2023 /sustainable /cloud Sustainable compliance
As a global recession looms, banks are facing tough economic conditions in 2023. Lowering costs will be vital for many organisations to remain competitive in a data-intensive and highly regulated environment. Thus, it’s important that any IT investments accelerate digital transformation with innovative technologies that break down data silos, incr...
16 January 2023 /cloud /predictions Banking Strategy, Digital and Transformation
It wasn’t that long ago that security professionals protected their IT in much the same way that mediaeval guards protected a walled city – they made it as difficult as possible to get inside. But once someone was past the perimeter, they had generous access to the riches contained within. In the financial sector, this means access to personal ide...
30 August 2022 /security /cloud Information Security
Banking used to be a somewhat stagnant, hyper-conservative industry that seemingly took aeons to evolve. However, in recent years, the banking world has seen a huge shift due to pressure coming in multiple directions. Customers are demanding more from institutions and nimble new competitors are pushing the limits of what is possible. Because of th...
19 July 2022 /cloud /devops Cloud Banking out of the Box
Regardless of size and business mix, most financial institutions have come to understand how cloud and multi-cloud computing services can benefit them. There are cost benefits when it comes to scale, deploying new services and innovating. There are security and resiliency benefits that can be difficult and expensive to replicate on-premises, espec...
16 May 2022 /regulation /cloud Cloud Banking out of the Box
In today’s global economy, everything is driven by data. More specifically, payment data and analytics which is at the core of driving commerce modernisation forward. With the global digital payment market valued at nearly $69 billion in 2021, payment data monetisation is critical for enterprises to leverage as they face margin pressure and custom...
19 April 2022 /payments /cloud Cloud Banking out of the Box
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