A survey by the American Bankers Association (ABA) and TowerGroup has found that US bank technology investments are moving away from short-term cost reduction and heading towards more strategic investments aimed at increasing returns. The survey indicated that banks will leverage customer relationships to increase revenues and reduce costs by managing risks and improving efficiency of customer service. ‘We believe the impact of strategic cost management over the past two years has changed the traditional relationship between maintenance and investment spending,’ said Bob Landry, TowerGroup vice president of research and corporate development. ‘Banks will now be able to spend a larger proportion of their IT dollars on investments that provide competitive advantage – rather than on maintenance spending that provides little differentiation.’
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