The New Payments Architecture (NPA) and ISO 20022 stand a chance of revolutionizing the UK’s banking sector. If you add AI into the mix, the vision of “modern banking” goes way beyond what we might expect. But human expertise is still necessary to ensure 100% compliance. The UK has always been at the forefront of […]
To effectively test banking solutions, you need more than the right people and tools. Sometimes even the right people and the right tools are not enough to effectively test banking solutions. The methodology adopted can make or break the process. Employing testers at every stage and speed up the work and improve the end result. […]
ISO 20022, the new standard for the exchange of payment data, came into force in March 2023. Now, bankers have until November 2025 to introduce the necessary changes to their IT systems. How to speed up the whole process while maintaining the necessary quality? ISO 20022 is a standard for a new payment messaging format, […]
Banks aim to keep up with consumer expectations in the credit card segment. However, offering a product such as a credit card cannot be done without thorough customer verification. The medium may change, but full credit card virtualization is determined by the level of automation of backend processes in a given market. The credit card […]
By utilizing data from both MySQL and Microsoft SQL, an industrial manufacturer could streamline their workflow while keeping historical CIMCO project data. The key to success was a proprietary custom software developed by CCA Europe. How to eliminate bottlenecks in business processes? Often, their root cause is poor communication between departments, which leads to information […]
Wrapped in data, and with its volume growing faster than ever, decision-making is dependent on reliable information. Bringing the information stored in different data lakes together for the overview that the executives need is a major challenge. That’s where data integration technologies come in handy. This article discusses: Data integration is meant to aggregate data […]
Digital transformation continues to top the list of priorities in banking. However, the goal for 2023 is also to increase productivity and efficiency. Banks and financial institutions are also looking to digital solutions to help them to face increasing competition from FinTech’s and other innovative players. As the new year gains speed, we look forward […]
Most banks are only partially ready for ISO 20022, according to a survey conducted during the webinar at the Fintech Connect 2022 conference. Can we indeed get ready for payment innovations, or are we to brace ourselves for a new Neverending Story of the tech world? The state of work on ISO 20022 has been […]
Is islamic finance an ethical and fair alternative to modern banking, or is it an incomprehensible parallel world of finance? Regardless of where you come from, the Islamic finance system is part of cross border banking. As such, it needs to get ready to migrate to ISO 20022. The history of the Islamic finance system […]
The vision that the bank takes care of all your payments is tempting. Is there a new era of smart direct debits ahead? The technological key to popularizing variable recurring payments (VRP) are tools that enable advanced management of payment data. This article discusses: the benefits of open banking what is VRP what are the […]