The UK has one of the world’s most sophisticated banking markets, but when it comes to serving vulnerable and low-income people, it has yet to find the right formula. Silvia Pavoni looks at what it means to be financially excluded in the country, and whether banks are close to finding the solution.
The recent $81m cyber heist at Bangladesh's central bank was a wake-up call for financial institutions to improve their basic cyber security hygiene. But it also had profound implications for the soundness of the banking system as a whole. Joy Macknight reports.
As chief innovation officer at DBS, Neal Cross’s unconventional approach to bank modernisation has attracted attention from across the globe. He speaks to Joy Macknight about how the bank is opening its doors to the top technology talent in Singapore.
China's fintech industry has grown at a rapid pace, in some cases leaving established tech giants of the West behind. Having cracked the domestic banking market, top Chinese fintech firms are already eyeing insurance and looking beyond the country's borders to continue their rapid ascent. Stefania Palma reports.
The challenge of identifying ultimate beneficial ownership is becoming an increasingly complex process that remains crucial for mitigating counterparty risk. Tom Golding of Accuity examines the current state of play and explains what can be done to ease the burden placed on compliance officers.
The potential of blockchain to transform traditional banking processes has generated much enthusiasm over the past year. Deutsche Bank’s Paula Roels, head of market infrastructure and industry initiatives, and Bradley Lonnen, market management, institutional cash management, look at the current state of play around adoption, and blockchain’s applicability to correspondent banking.
Bank of America Merrill Lynch’s head of strategy and innovation in global transaction services, Matthew Leavenworth, tells Joy Macknight why he believes that blockchain’s capacity to prompt an infrastructure overhaul could prove more important than the technology itself.