The recent $81m cyber heist at Bangladesh's central bank was a wake-up call for financial institutions to improve their basic cyber security hygiene. But it also had profound implications for the soundness of the banking system as a whole. Joy Macknight reports.
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As chief innovation officer at DBS, Neal Cross’s unconventional approach to bank modernisation has attracted attention from across the globe. He speaks to Joy Macknight about how the bank is opening its doors to the top technology talent in Singapore.
China's fintech industry has grown at a rapid pace, in some cases leaving established tech giants of the West behind. Having cracked the domestic banking market, top Chinese fintech firms are already eyeing insurance and looking beyond the country's borders to continue their rapid ascent. Stefania Palma reports.
Fintech is all about disrupting, modernising and democratising financial services, yet when it comes to gender it is performing worse than the ‘old-fashioned’ banks. Silvia Pavoni looks into the reasons why.
The third edition of The Banker’s Technology Projects of the Year has seen the awards go from strength to strength. The results prove beyond a shadow of a doubt that tech spend is back on banks’ agendas
Corporate StatementJuly 12, 2016
The challenge of identifying ultimate beneficial ownership is becoming an increasingly complex process that remains crucial for mitigating counterparty risk. Tom Golding of Accuity examines the current state of play and explains what can be done to ease the burden placed on compliance officers.
A surge of new entrants in the financial services arena has forced incumbent providers to react. After the initial apprehension has dissipated, how are transaction banks engaging with this disruptive influence? Joy Macknight reports.
In May, the UK’s Financial Conduct Authority opened the world’s first ‘safe space’ for testing new technology and business models. Christopher Woolard, director of strategy and competition at the FCA, tells Joy Macknight how it works.
The potential of blockchain to transform traditional banking processes has generated much enthusiasm over the past year. Deutsche Bank’s Paula Roels, head of market infrastructure and industry initiatives, and Bradley Lonnen, market management, institutional cash management, look at the current state of play around adoption, and blockchain’s applicability to correspondent banking.