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Antony Jenkins
Verified
Writer and Contributor, Freelance
London
Beats
environment biologyhealth science
Content
Corporate banking is stuck in batch – and it’s costing clients billions - FinTech Futures: Fintech news
By Antony Jenkins| FinTech Futures Verified Corporate banking, a backbone of the global economy, is stuck in a time warp remaining wedded to batch processing for handling transactions, reconciliations, and reporting. So why has corporate banking failed to transform with the times? Batch-processed transactions are, broadly speaking, simple to execute, but it is the sheer scale of corporate clients’ needs that has prevented banks adopting real-time core infrastructure. However, today’s markets are hyper-connected and accelerating.
By Dominic Sow, Antony Jenkins| Fintech Finance & News Verified 10x Banking, the cloud-native core banking platform, has revealed the results of its new research report ‘Core Banking without Compromise’—an in-depth study of over 200 senior IT decision-makers’ attitudes towards their current technology estates and the choices they will need to make for effective future transformation. The independent* research was commissioned by 10x Banking and conducted in June 2024 and found that banking IT decision-makers want to innovate and scale.
Corporate banking is stuck in batch – and it’s costing clients billions - FinTech Futures: Fintech news
By Antony Jenkins| FinTech Futures Verified Corporate banking, a backbone of the global economy, is stuck in a time warp remaining wedded to batch processing for handling transactions, reconciliations, and reporting. So why has corporate banking failed to transform with the times? Batch-processed transactions are, broadly speaking, simple to execute, but it is the sheer scale of corporate clients’ needs that has prevented banks adopting real-time core infrastructure. However, today’s markets are hyper-connected and accelerating.
Company Info
Freelance
Freelancer.com is the largest freelancing and crowdsourcing marketplace in the world, connecting over 81 million employers and freelancers across more than 247 countries. Founded in 2009 and based in Sydney, Australia, the platform allows employers to post jobs while freelancers can bid on these projects. It is publicly traded on the Australian Securities Exchange under the ticker ASX:FLN. The platform supports a variety of work categories, including software development, writing, design, and marketing. Freelancer.com also offers contests for creative work, where employers can award prize money to winning entries. Users can choose from different membership plans, including free and paid subscriptions, which provide various benefits. The mobile app enhances project management and communication for users on the go. With a diverse customer base that includes individuals, small businesses, and large enterprises, Freelancer.com plays a significant role in the global online economy.
De Pere, Wisconsin, United States