Two new reports provide intellectual underpinning for more active engagement by central banks in digitalisation initiatives.
Rather than attempting to aggressively disrupt intermediary providers, the best FinTechs are now working with them.
A collection of articles by subject matter experts from BNY Mellon explores how rapid digitalisation has affected correspondent banking and how it will shape the future.
What the AFR thought of Sibos.
Rather than being behind the curve in terms of new payments technologies, banks are “a bit delayed” said Michael Spiegel, global head of cash management at Deutsche Bank. While innovation by bigtech and social media firms really took off during 2007-2010, banks had “other challenges” at that time, he said, writes Heather McKenzie.
Automation, such as the more widespread adoption of artificial intelligence (AI) within banking and financial institutions, need not be a negative impactor on the sectors’ future workforce, Sibos 2018 was told, writes Roland Tellzen.
Swift believes the securities markets are at risk of cyber attacks, echoing sentiments in an industry report which highlighted how the sector has more points of vulnerability than the payments industry, writes Jon Watkins