With technology making data processing 1000 times faster, banks could find the cost burden of anti-money laundering rules a whole lot lighter. Alternative data storage platforms are starting to make current systems look cumbersome and slow, not to mention uneconomical.
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Anthony Woolley, the UK chief information officer at Société Générale Corporate & Investment Banking, sees technology making the markets safer but is keen to foster an environment in which innovation in IT solutions thrives.
Turkey's banks are acquiring a global reputation for innovative products, particularly those that connect them with the country's youthful population through social media. As Duygu Tavan discovers, this is increasingly being done through smartphones.
Jane Cooper, The Banker's transaction banking editor, speaks with Ann Cairns, MasterCard's president of international markets, at Sibos 2013 in Dubai.
Brian Caplen, editor of The Banker, speaks with Bruno Prigent, Société Générale's global head of securities services, at Sibos 2013 in Dubai.
View from Sibos: Ather Williams, managing director, head of global payments, Bank of America Merrill Lynch
Jane Cooper, The Banker's transaction banking editor, speaks with Ather Williams, head of global payments for the transaction banking business at Bank of America Merrill Lynch, during the Sibos 2013 conference held in Dubai.
Ahead of their meeting on a panel at this year's Sibos, Brian Caplen, editor of The Banker, and Jennifer Boussuge, head of global transaction services at Bank of America Merill Lynch, discuss the key issues dominating the global transaction banking space, including the potential of big data, the cost of regulation and the need for an adaptive business model.
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