This short document is intended as a discussion paper – posing the question above, and hypothesis that there are two reasons which do not apply to other communities (they have their own difficulties), and providing some potential solutions.read more
In the accompanying article “Banking Operations Strategies and Technologies – 15 Years on” we reviewed how our last guess at how these subjects evolved versus the predictions at the time. We got enough things right to provoke us into having another go.read more
Sixteen years ago HBW wrote a number of articles on strategies for different parts of the Banking Framework. This article takes a review of what was said in the article Banking Operations Strategies and Technologies and links to an updated view of where the industry is going.read more
Fraud is rising – could a digital personality be used to make real-time decisions to counter fraud?read more
In 2018 the UK developed a new way of handling cheques based on cheque image processing. This change has been called ICS (Image Clearing Systems) and previously FCM (Future Clearing Model). Whatever it is called, from end 2019 it will be the way cheques are cleared...read more
This article is an extension of the article (Pre 2019 UK Cheque Clearing Process) which explains how cheque clearing works in the UK from the end of 2019. It expands to by exploring how small Banks and Building Societies participate in the cheque clearing scheme without being full members, and as a consequence, they have a slightly different process.read more
The activities of treasury departments are a bit of a mystery to many, but they are vital to large companies and banks. This article explores what they do and how they do it.read more
A breakdown of the typical features found in a treasury management system.read more
This article gives a high level forecast of the likely implications of PSD2 and Open Banking on UK Banks. (For an introduction to the API technology underneath these rules click here). Our central forecasts are;
• Credit card monolines and the credit card divisions of banks will suffer income hits as retailers promote lower cost PSD2/ Open Banking payment mechanisms.
• In the three to five year timetable retailers will take market share of consumer lending from banks unless banks act.
Some banks will flourish because they will exploit their knowledge and understanding of API’s to work with retailers and become partners rather than the enemy.
OverviewThink of API’s as;Doorways where what goes in and out of the ‘doorway’ is very, very predictable and widely publicised, andDoorways which are open to anyone with the right key, andWhich come in “pairs” like doors at either end of a windowless...read more