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October 29, 2020 by Robert McIsaac

The deployment of emerging, advanced, and innovative capabilities is very much a function of business transaction volumes, switching costs for customers, and the length of liability tails. As a result, banking operates about half a decade ahead of property/casualty insurers, who lead life/annuity carriers by a similar margin.

October 26, 2020 by Enrico Camerinelli

The interbank cooperative will offer member banks a set of common API-based processing services, such as pre-validation of essential data, fraud detection, data analytics, transaction tracking, and exception case management. Aite Group anticipates that with this move, SWIFT member banks will be able to harmonize the proprietary API protocols now in use and regain a collective control of the business relationship with the clients, which is now at risk.