Infrastructure Insights

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Centralised database “the next step” in biometrics

29th October 2019

Company: bobsguide
A centralised biometrics storage entity will develop in the near future, but questions are being raised over what that entity would look like, how to ensure impartiality, and security risks. “There’s a great foundation for biometrics – there’s widespread user adoption via mobile phones and the next step in the evolution... read more
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BBVA chairman: data blurring industry lines

29th October 2019

Company: bobsguide
Creating a more insightful customer experience requires banks to look beyond their own data, according to Carlos Torres Vila, chairman of BBVA. “If we move beyond banking data, we could do a lot more,” said Vila speaking at the Money 2020 US conference in Las Vegas this week. “We are seeing that the data revolution is... read more
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Banks looking for regulatory clarity before joining Libra

28th October 2019

Company: bobsguide
Addressing regulatory uncertainty will be necessary before banks look to join Facebook’s Libra Association, according to David Marcus, head of Calibra. “We’ve been asked and criticised for not having banks at the table from the beginning, but I just want to clarify that this was not our decision,” said Marcus, speaking at... read more
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(L)ibor reform: How will it affect bank treasury functions?

25th October 2019

Company: SimCorp
Regulators are increasingly interested in industry progress and bank treasury readiness for the (L)ibor reform. In this  article, EY and SimCorp experts explain why it’s crucial that bank treasurers can demonstrate a tangible action plan for addressing the (L)ibor reform’s implications for specific functions. Is your... read more
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US bank CTO: Regulators providing "zero" support for innovation

24th October 2019

Company: bobsguide
US regulators are failing to provide the necessary support to foster innovation among the country's community banks, according to Suresh Ramamurthi, chief technology officer and chairman of CBW Bank. "If I, as a bank, need support for innovation that I am doing, I don’t know who to call,” says Ramamurthi. “We have... read more
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Robust governance procedures key to bank-vendor relationship

21st October 2019

Company: Finastra
“We put in place rigorous governance mechanisms, we agreed with Finastra what the governance mechanism would be like and we then started to execute it,” said Dr Aamir Matin, chief technology and strategy officer, HBL, Pakistan. That governance mechanism is crucial to any bank-vendor relationship, added Saqib Iqbal, sales manager MEA... read more
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Change transformation is critical for the global buy side

17th October 2019

Company: SimCorp
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
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BNY Mellon on multiyear cleanse of internal data

10th October 2019

Company: bobsguide
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
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No commercial use for blockchain, say banks

9th October 2019

Company: bobsguide
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
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Deutsche Bank’s Maley: Banks let fintech take market share

8th October 2019

Company: bobsguide
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