‘The outlook for financial markets in 2003 remains bleak,’ according to UK-based IT managers and consultants. A poll, conducted by Eurobase Banking Solutions, found that 73 per cent of the survey population did not expect any sort of recovery this year, but many (67 per cent) are looking forward to a more buoyant business climate towards the end of 2004. The survey of IT and business managers within the financial sector shows that, with over 77 per cent, cost-reduction continues to rank highest on the board agenda. Although banks are keen to reduce costs many (70 per cent) are preparing for an eventual upturn and are planning on investing in IT over the next six months. Fifty per cent of survey participants predicted that the bulk of that investment will be placed within the front office, while 43 per cent claimed they will most likely allocate resources to the middle office. Although only 7 per cent plan to dedicate spending towards the back office, STP was declared the most essential ingredient to gaining a competitive edge in today’s environment by 40 per cent of the respondents.
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