A lot has changed in the 35 years since Kevin Brown started his career at RBS. The senior executive at RBS International Banking tells The Banker that as telecommunications have evolved, so have customers’ expectations.
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Once regarded as national treasures, over the past few years many exchanges have been evolving into cross-border operations, focused on capturing larger market shares. Following this wave of consolidation and collaboration, however, it still remains to be seen whether bigger really means better.
The European Commission's proposed update to the Payment Services Directive will allow third parties to penetrate banks' security firewalls, which is leaving banks understandably nervous.
With the US and European crises behind them, South American trade figures are back on an upward slope. Local banks are paving the way for improved relations with China, and Chinese banks are increasing their presence in the region. Even the proximity of the US could have its benefits.
With the deadline for the Single Euro Payments Area looming, there is much speculation over who is actually ready to migrate, with many small and medium-sized enterprises lagging behind and businesses of all sizes struggling to implement systems for direct debits.
The increase in unregulated and unmonitored mobile and internet payments brings with it serious risk.
A single platform for securities settlement in Europe and the continued growth of e-commerce will soon out-date the market infrastructures as they exist. Frances Faulds looks at how market infrastructures are reinventing themselves and redesigning their services to remain relevant.
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