It seems some of you took the time to read our feature about Sage, which appeared at “Scaling New Heights 2022.” Perhaps this was because it was the first time it had been there. It also seems many of you had heard about Sage 50cloud, Sage Intacct and Sage X3, but were unfamiliar with Sage … Read more
Some of you may already have noticed a change in the information and supporting visuals available to you in your QuickBooks Online ‘Bank Feeds’ whether you are using Business View or Accountant View. Intuit QuickBooks recently implemented Check Image Auto Import (shown below) for all US versions of QBO (so long as you do not … Read more
The mainstream acceptance of the cloud as a practical deployment option presents new opportunities for financial services institutions, especially for community banks. A decade ago the cloud was reserved for edge applications like CRM and HR, but today deposits and lending solutions can be offered effectively, efficiently, and securely in the cloud. The State of … Read more
As the banking industry continues to develop, open banking is becoming popular as it allows consumers to enjoy faster, cheaper and more personal banking solutions. The fintech industry needs to recognise that open banking is a major source of innovation and is set to revolutionize the banking industry. What is open banking?Open banking can be … Read more
Meeting the requirements of ever-evolving anti-money laundering (AML) and counter terrorist financing (CTF) laws, regulations and guidance is no mean feat. The sheer depth and breadth of requirements from such as wide range of bodies, can be daunting for even the most seasoned industry experts. The first place they might look in relation to AML … Read more
Bank branch networks continue to decline steadily. Consumer research shows that UK banks are cutting branches at a rate of 60 per month[1], and a similar pattern is apparent in many other countries. Few doubt that the future of banking is largely digital, so how will bank branches survive? This blog explores a new role … Read more
All eyes are glued toward the metaverse and its revolutionary uses. But, what are the creators thinking when developing one? The metaverse community is growing at a frantic pace. Market forecasts have already suggested an upcoming economy exceeding valuations of USD 1 trillion. The progress has been multi-faceted. The objective is separate for metaverse-building companies … Read more
Fast and simple payments are only two of the many advantages that crypto assets provide. Financial services that are cutting-edge in nature, access to previously “unbanked” regions of the globe – the crypto-ecosystem enables all of this. However, it should be stated that apart from the benefits that are typical of digital assets, they are … Read more
Although we’ve seen increased appetite from banks globally to accelerate the pace of digital transformation over the last two years, many players have focused on updating customer-facing systems at the front-end and have put off the more complex need to update their core infrastructure. As a result, many established banks remain encumbered by legacy mid- … Read more
The Dutch regulator (De Nederlandsche Bank, DNB) is one of the most active in the EEA in terms of the number of Payment Institution (PI) and E-money Institution (EMI) licenses that are issues. In 2021, the regulator issued 14 PI and EMI licenses, more than any other EEA country including Lithuania. In total, now (as … Read more