The New Payments Architecture (NPA) and ISO 20022 stand a chance to revolutionize the UK’s banking sector. If you add AI to the mix, the vision of “modern banking” goes way beyond what we could 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 the success of the process depends on the adopted methodology. Involving testers at every stage can speed up the work and improve the end result. This article discusses: A core banking application is a very complex IT product. At the […]
A new standard for the exchange of payment data, ISO 20022, 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, yet maintain 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 cards segment. However, any major credit card issuer must thoroughly screen customers first. Digital wallet one thing, but a fully virtual credit card requires the automation of backend processes in a given market. This article discusses: The credit card is a long-standing banking product […]
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 […]
Financial institutions are racing against time to launch the basic functionalities of ISO 20022 before March 2023. However, everyone is looking to the benefits that rich data in business is supposed to bring. For now, however, there are no daredevils who would state exactly what can be done and how, to ensure the consistency of […]
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 […]