PSD2 and Open Banking – Retailers to win vs Banks!

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.

APIs – An introduction for non-technologists

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...

Blockchain tokens for Gold? – Not yet, maybe never!

There has been much talk about Blockchain as a means to “tokenise” illiquid assets and so make them easier to trade by ordinary people. HBW has researched this idea versus the alternatives using Gold as the asset type to be tokenised. HBW is unconvinced it is viable yet.

Spreadsheets the new Operational Risk.

This article explains what the risk is and what Banks can do about it.

Latest Bank Fraud Reduced in 2019? – No!!

The latest fraud of choice for criminals is growing fast and sadly the banking industry is going to fail to curb it in 2019. Howbankswork explains why;

No peace for the wicked.

There is no peace for the wicked! Much as big UK banks would like to focus on digital transformation and customers, products and services, the icy hand of past failings will continue to use a large proportion of the IT, Operations and change resources for the next few...

How can Banks make money from GDPR

GDPR is a sprawling regulation and buried within it are three key IT challenges which if approached in the right manner will not only create GDPR compliance, but will also generate value for the bank.

The urgent need for banks to appreciate the value of Management Information Systems

With the Banking sector undergoing major transformations, MIS is more pivotal than ever to use data effectively and improve processes.

Remember, Remember Banks In November

Banks have been making IT Changes rather unsuccessfully recently. This article suggests there is a pattern with root causes and concludes that Banks will have to change their change implementation strategies in the near future to avoid worse failures.

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