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Brussels
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2017
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Capilever Bankloch Blog
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Joris's blog archive

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Joris Lochy

Joris Lochy

Product Manager at Intix | Co-founder at Capilever
Message Message me Posts: 121 Comments: 19
Bio Independent Product Management Consultant, helping customers in the Fintech space to innovate, i.e. from ideation to conceptualization to implementation, taking on different roles and responsibilities (business analysis, functional and technical design, solution architecture and project management). Career History Active in the financial services industry, since 2003: - 8 years at Accenture - 3 years at CSC - 3 years at Deutsche Bank - 3.5 years at The Glue - 4.5 years at Monizze

Blogs

Banking Regulations

The Dawn of DORA: Building a Resilient Financial Infrastructure

21 May 2024

Digital threats top the agenda for every Chief Information Officer (CIO), especially in the Financial Services industry, where the consequences of breaches can be catastrophic. As financial services increasingly rely on IT tools and systems, any digital disruption can have profound impacts not only on the institution itself but on the broader econ...

The Payments Business

Instant Payments: Overcoming Challenges for a Faster Tomorrow

13 May 2024

Around the world, there are significant moves to transition from traditional electronic money transfers, which rely on batch settlement systems that can take several days for transactions to clear, to instant, or at least near real-time, payment systems. These new innovative payment systems ensure that beneficiaries receive their funds within seco...

SEPA and European Payments

PSD3: The Next Phase in Europe’s Payment Services Regulation

06 May 2024

With the successful rollout of PSD2, the European Union (EU) continues to advance innovation in the payments domain through the anticipated introduction of the Payment Services Directive 3 (PSD3). On June 28, 2023, the European Commission published a draft proposal for PSD3 and the Payment Services Regulation (PSR). The finalized versions of this ...

Banking Architecture

Trade-offs Are Inevitable in Software Delivery - Remember the CAP Theorem

29 Apr 2024

In the world of financial services, the integrity of data systems is fundamentally reliant on non-functional requirements (NFRs) such as reliability and security. Despite their importance, NFRs often receive secondary consideration during project scoping, typically being reduced to a generic checklist aimed more at compliance than at genuine funct...

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Joris is Commenting on

Trade-offs Are Inevitable in Software Delivery - Remember the CAP Theorem

  Thanks for the feedback. Indeed, you are absolutely right. As long as top management is not aware of certain necessary trade-offs, it will be impossible for analysts & architects to correctly do their job. But I hope my blog can bring maybe a little bit (not making too much illusions either :-)) of idea, that technology is always a matter of making trade-offs.

02 May 2024 Reply Read article

The rise of the financial super app

  Thanks for sharing this blog. Very interesting. Might be interesting to have a look at a blog I wrote about 4 years ago: https://www.finextra.com/blogposting/19211/from-app-to-super-app-to-personal-assistant, also about the super-apps.

29 Apr 2024 Reply Read article

The Unseen Backbone of Banking: A Deep Dive into Matching and Reconciliation

  If the payment amount is not matching in full with the invoice for a legitimate reason, it can still not be handled by the structured comment, but it should be possible for the matching to correctly handle this (and expect / anticipate this). If invoice indicates that 80% should be paid on delivery and 20% on installation, it is possible to use 2 times the same structured comment, but obviously you will expect then 2 payments on different payment dates. 

07 Dec 2023 Reply Read article

The Unseen Backbone of Banking: A Deep Dive into Matching and Reconciliation

  Thanks for the feedback.  The "checksum method" in Belgium unfortunately does not solve the issue that customers pay the incorrect amount. The structured comment put on a lot of wire transfers in Belgium is a 12 digit code, for which the checksum is just a modulo 97 of the first 10 digits. So checksum guarantees quite well that the right structured comment is entered, but it does not guarantee if right amount is used. For this, many companies work with QR codes on their invoice (and in future SEPA Request-to-Pay could be used), but a lot of customers don't use this QR code, so issue with incorrect amounts remains indeed a big hassle for most companies.

04 Dec 2023 Reply Read article