FinTech Magazine October 2020 | Page 197

Digitising FBN banks operations
Digitising FBN banks operations
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industry . In light of what has happened to in-person banking in 2020 , making sure that FBN ’ s remote banking keeps its clients happy is now a matter of life and death for the organisation .
With the investments made in Oracle ’ s next-generation banking solution , FBN Bank is now at the forefront of payment innovation . With an ISO20022 based data model , SWIFT gpi , PSD2 and open banking technology leadership , modern technology architecture , and machine learning for STP improvements , FBN is now able to offer a superior customer experience to our institutional clients in the UK and Europe . As Castro talks about spinning various unfamiliar plates – AI machine learning , cloud systems , 5G , automation , data analytics – with the margins for error shrinking by the day , his innate positivity shines through once more . “ Before you needed to create the data warehouses , for people to self-serve . Now we have intelligent algorithms , machine learning , like an enterprise Google Search functionality Io-Tahoe , where our business users can search for the type of data
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