Infrastructure Insights

The lack of round-the-clock liquidity and the burdensome processes of know your customer (KYC) requirements are holding banks back from fully embracing real-time payments. So problematic are these issues that some banks have put their real-time payment projects on hold, according to Domenico Scaffidi business director at Volante Technologies,... read more

Recently, we heard of a media reporting of a failed buy-side system implementation, this time in Asia-Pacific, with significant impact on the firm and its resources. It is probably not for the last time that we hear of such examples. But modernisation of buy-side operations and infrastructure is absolutely necessary, to shake off the relentless... read more

It will take a couple of years for BNY Mellon to cleanse its data so it can be used across the company, according to the bank's global head of digital partnerships, Lucien Foster. “We are creating a data lake for ourselves and that is really the foundation of what the digital group is looking at and hydrating that lake,”... read more

Challenges around scalability and cost pressures have resulted in an inability to create a viable commercial use case for blockchain technology, according to two bankers. “We know that blockchain does suffer from scalability issues, which is one of the challenges,” said Rob Scott, managing director and senior banker at... read more

Banks have allowed fintechs to take a large portion of market share, according to Paul Maley, managing director, head of corporate bank UK and Ireland at Deutsche Bank “[Banks] have as a community allowed the fintech and certain providers to actually take away a lot of market share, a lot of access to clients, and therefore, a lot of... read more

Barclays has run into problems when project managing end-to-end system upgrades, according to Martin King, head of process transformation for risk, finance and technology at the UK bank. "Where we have had our fingers burned in the past is where we have tried to interface things like bots with many, many strategic systems across an... read more

Modernising retail banks’ infrastructure is so time consuming and expensive that many will look to migrate customers to new digital subsidiaries, according to Tim Hooley, chief technologist, EMEA Financial Services at Red Hat. “If you have monolithic software you cannot be innovative,” said Hooley, who was... read more

Monitoring third party’s cyber security is a growing concern for banks, according to Paul Williams, senior technical advisor, operational risk and resilience at the Bank of England (BoE). “Cyber has been a key topic for the entire duration that I have been in the role at the bank, which has been five or six years,” said... read more

Bitcoin futures have been trading for almost two years now – but the marketplace for those trades has been a relatively quiet one. Both the derivatives marketplace CME Group and the Chicago Board Options Exchange (CBOE) introduced rival futures products in December 2017. Yet after a tepid uptake, CBOE abruptly announced it would be... read more