Bankloch

  In Retail banking most account flows are relatively easy, as usually there is only 1 account holder and in the rare case there are multiple account holders each account holder has full access rights to the account. This contrary to business banking, where much more complex mandate rules are in place. Unfortunately this simplicity in Retail banking, leaves   quite some use cases for shared finance unsupported (or under supported) . Very often it is assumed in retail banking that the different account holders of the same account have a high degree of trust between each other (e.g. a couple), but this is not always the case. We can imagine multiple use cases where more complex models of authorization, mediation and follow-up are required between the different holders of an account. A good user-friendly (easy to use) system to properly manage those relations and all associated account flows could provide significant added-value for many retail customers. Let’s explore some use c...

ESG is a   hype   in many industries and the financial sector is no exception to that. But due to this hype, it also becomes difficult to understand what is exactly meant with ESG. Today it has become such a marketing buzz-word that any activity not directly related to making profit is put under the denominator of ESG. Time for a small recap therefore. ESG stands for   Environmental, Social & Governance , which roughly means that any company should look for a balance between good financial results, transparency, social interests and the environment. It is derived from the "Triple Bottom Line" movement, also called PPP (People, Planet and Profits), which aims to push companies to optimize for all 3 P’s and   not just the P of "Profit" . When looking more specifically to ESG, we can break it down in the 3 letters: Environmental : this includes aspects like: Waste reduction   through reducing and reusing waste and recycling (e.g. sustainable packaging) Energy r...