ISO 20022 was published in 2014 and is a global standard for financial messaging that provides a standard model across business domains such as payments, securities, trade services, card services, and foreign exchange (FX). The new standard defines messages between parties within a payment chain. It also defines message specifications for each message type. It […]
Summary The long awaited move to USD T+1 settlements is expected to be approved in Q3 2022, with a target implementation date of Q3 2024, so now is an opportune time for institutions to consider the impacts and challenges in meeting those timelines. The implementation of T+1 settlement will require a reassessment of existing industry […]
Summary When stock exchanges were first established, the typical trade settlement period was 14 days. It wasn’t until the 1970s that required settlement times began shrinking, first dropping to 7 days, then 5 and then to 3 days till 1990s, then it lowered to 2 days in 2017. Now moving to T+1 involves reduction in […]
Where compression seeks to offset economically similar trades to reduce notional, optimisation seeks to free up committed margin and capital by placing a series of market risk-neutral trades.
A more sophisticated methodology has been introduced for calculating capital requirements with the aim of better capturing systemic risk; the downside being an increased regulatory burden on the banking system.
Inspired by use in the tech industry, financial firms are embracing biometrics as a way of improving banking security.
Driven by rapid innovation in the tech sector, financial services have embraced cloud computing, aiming to redeploy this towards their specific needs.
The reliance of the financial industry on both customer volume and complex decision-making makes it a prime candidate for embracing this artificial intelligence (AI) and machine learning (ML).
At its core, decentralised finance (DeFi) is the use of a peer-to-peer (P2P) network through which traditional financial services can operate, free from intermediation.
Various features of the blockchain and the underlying distributed ledger technology (DLT) make it ideally suited for use in any kind of transfer system whether it be payments, trading or lending.