Forty per cent of US community banks and thrifts currently use an outsourcing provider for core systems processing, according to research by TowerGroup. Within this tier of financial institutions, a chosen IT vendor typically becomes either the bank’s sole IT provider or its first choice for any new services – which has helped to drive significant consolidation among core outsourcing providers, said the company. This consolidation has resulted in just four leading vendors controlling more than 75 per cent of the community bank and thrift core systems outsourcing market. TowerGroup noted that this concentration reflected both increasing economies of scale and declining opportunities for core outsourcing clients.
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