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.
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
Post-trade providers stepping up as passive shift ‘jeopardises entire intermediary infrastructure’, writes Jon Watkins
Cryptocurrencies have come a long way since their early associations with libertarian aversion to government surveillance. Discussion, if not yet concrete application, of digital currencies has permeated banks and other financial institutions, writes Richard Schwartz
Custodians may have difficulty to identify and verify potential criminal investors due to a lack of information capabilities, and therefore struggle to avoid being fined, writes Joe Parsons.
Australia’s big four banks – the Commonwealth, Westpac, ANZ and National Australia Bank – already under critical scrutiny from the Federal Government’s Royal Commission into the financial services sector, are also girding themselves for the challenges of open banking, writes Roland Tellzen.