IT budgets across the financial sector will continue to suffer a downturn, although back-office departments will see moderate growth relative to the rest of the organisation, according to a survey of over 70 of the world’s leading banks. Financial Technology Strategies 2003, published by financial technology new service Finextra, also predicted that IT staff numbers will decrease in 2003 as the consequence of fewer internal projects, improved processes and internal efficiencies, and a move towards more tactical IT outsourcing. The report added that cost reduction is currently the main factor driving business and technology strategies as financial institutions make their existing processes more efficient, resulting in increased margins and improved customer service The report is based on a survey of over 70 senior IT decision-makers and strategists from financial institutions, including investment banks, fund management organisations, custodians, central banks and exchanges.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more