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RedCompass Labs Insights

Retail Central Bank Digital Currencies (CBDC): Should banks start getting ready for them?

  These days, it is almost impossible to look at the financial services industry news or attend a webinar without Central Bank Digital Currencies (CBDCs) being mentioned. It looks like it is not a question of “if” anymore, but “when” CBDCs will happen. But what is behind this surge of interest by all the main central...
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Say Hi! To RedCompass Labs

We have news! RedCompass is now RedCompass Labs. What? Why? When? Don’t worry, it’s still us. It’s everything you (and we hope) loved about RedCompass, plus now, even more.
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COVID-19 impacts Machine Learning: how should we react?

Data is the new gold. Artificial Intelligence (AI), Machine Learning (ML) and Data Science (DS) are the tools needed to extract it. AI, for its promise, is often rooted in solving the problems of today. But ML is built on learning from large data sets. So, what happens when a pandemic hits, financial crimes thrive, and...
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7 insights on UK Regulators Operational Resilience Policy Statements

On the 29th of March 2021, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have issued confirmed policy statements on operational resilience. While the statements are very much aligned to the consultations published in December 2019, banks and financial services institutions will have...
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Podcast: Combating human trafficking through fintech

  One of RedCompass Labs senior partners, Jonathan Bell was invited Finovate Podcast to discuss combating human trafficking and modern slavery through fintech and the role banks can play in this global fight. Listen to the episode and join the conversation!
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SMEs Market: Challengers are switching gears. What about banks?

Small Medium-size Enterprises (SMEs) represent the backbone of our economies. And yet, this market has been hugely underserved from a financial services point of view. Far from being left untapped, new alliances between challengers are starting to emerge to fill the SMEs’ most urgent, and yet unmet, requirements. Should...
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Combination Of Data Analytics and ISO 20022 for an Inclusive and Profitable Banking

In our guest blog on Volante Technologies website, RedCompass Labs' Head of Payments Strategy, Julie Guetta, discusses the implications of banks' migration process from the MT payment message standard to the ISO 20022 format on the unbanked people. 
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What impact will global RTGS platform renewals have on banks?

The migration of financial messaging to ISO 20022 presents a golden opportunity for Central Banks to modernise their Real-time Gross Settlement (RTGS) platforms. Being built on ageing technology stacks that are inflexible and costly to maintain, many RTGS platforms are not fit to meet the demands of today’s global,...
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Podcast: Climb In Consulting with Tom Hewson

What is the secret behind building a truly diverse team? Why following the money is never the right decision and how to cultivate happiness through finding your passion, whether that’s within consulting or outside of it? Listen to the interview with RedCompass Labs senior partner, Tom Hewson, where he shares some...
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How Visa is pushing Open Banking boundaries and what we can learn from it

On the 3rd of February 2021, Visa announced its partnership with First Boulevard. First Boulevard are a digitally native neo-bank whose primary focus is to build generational wealth for members of the Black community. The initiative is part of Visa’s new cryptocurrency API pilot programme and marks the next phase of...
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