The reputation of crypto markets as targets for hacks and fraud, as well as the potential anonymity of market counterparties, have to be addressed appropriately to manage operational, regulatory and reputational risk.
The automation and standardization of core services and processes will deliver greater visibility, operational efficiencies and cost savings to clients, boosting service quality and enabling the custodian to respond quickly to future needs.
A Sesame Business. Relative success is measured by the accumulation of individual payments, trade transactions, basis points, dollars and cents – like so many sesame seeds.
Banks have done extremely well over the past hundred years by adapting to the changing financial landscape. But adapting might not be sufficiently proactive.
The fintech or financial technology industry is booming as a result of regulatory support. Banks, insurance companies, telecommunications carriers and financial corporates are also being urged to embrace the digital wave by the regulators.
The enormous amount of private financial data that will be made available to third parties will be an equally large target for those seeking to obtain it illegally and they will have more avenues available by which to gain access to it.
David Cruikshank, BNY Mellon’s Chairman of Asia Pacific, reflects on how global banking has changed since Sibos was last held in Sydney in 2006 and discusses the continuing transformation of the payments industry.
What will the financial services industry look like in 10 years?
The Transformative Potential of Blockchain
The Age of Agile Solutions
Reinventing Payments in An Era of Modernization
Rethinking the Client Payment Experience
Diversity and Inclusion in the Financial Services
Central Banks 2018: Trends and Investment Outlook
Custody: Building for the Future
Custody: The Client Experience
Stock Connect: Charting a Future Course
A Closer Look at Bond Connect
Decoding the Full Potential of RQFII
Untying China’s Gordian Knot