Cybercrime is not a new threat but the attacks and ‘precise targeting’ by fraudulent parties are becoming more sophisticated. Marcus Sehr, global head of client management and sales for institutional cash management at Deutsche Bank, highlights the seriousness of cyberfraud and the need to foster awareness, and outlines the steps the banking community should take to defend the financial system’s integrity.
Ongoing financial market turmoil and growing compliance efforts are having a profound impact on cash management needs and putting already strained banks under pressure. Deutsche Bank’s global head of sales, cash management financial institutions, John Ball, and global head of FI product – cash management for financial institutions, Marcus Sehr, discuss how local and global bank partnerships can help banks manage transactions in difficult times.