Ahead of Sibos 2012, Gottfried Leibbrandt, chief executive officer of the Society for Worldwide Interbank Financial Telecommunication, or Swift, sat down for an exclusive interview with The Banker to discuss the conference agenda and the company's position in a rapidly changing global landscape.
The Dodd-Frank Act, Section 1073 is going to alter the practice of retail cross-border payments services – not just for US-based financial institutions but also for their correspondent banking relationships abroad. The deadline is near, but a practical solution to meet the requirements of the rule still seems far off. The Banker looks at some alternatives that have finally started to emerge.
As Qatar's mobile payments market has rapidly changed, Qatar National Bank's adaption to and roll-out of new technology has had to change with it. The bank's general manager of information technology explains how it has managed to stay ahead of the game.
The battle to persuade customers to ditch their traditional wallets in favour of a digitised version on their mobile phone has stepped up a notch in the past few months, with big technology and internet companies threatening the territory of the more familiar payment brands. Jane Cooper looks at who is making the early running in this war of the wallets.
CME Group's senior managing director and chief information officer discusses the need for around the clock coverage and the technology that has allowed the company to provide this across asset classes and with microsecond-level performance.
Banks have identified supply chain financing as both a profitable service that can boost client base growth and a tool to help deal with cash-flow problems. The Banker looks at the main processes the banking industry will need to introduce to make supply chain financing work effectively.
In the information age, banks have more data to cope with than ever before. But rather than prove a burden, this can be an opportunity to gain a genuine competitive advantage. John Morton, chief technology officer with business analytics and intelligence provider SAS UK and Ireland, explains how banks can make the most of the mass of information available to them.
A Surendran, a general manager and head of international banking with Federal Bank of India, tells The Banker about the bank's innovative payments strategy designed to improve access to banking channels and boost the provision of electronic transactions.
Regulatory reform, ever-advancing technology and commercial pressures mean that finance departments have to constantly update and improve their procedures and processes. This difficult task falls to finance directors and chief financial officers, whose roles have evolved out of the backroom and onto centre stage in a matter of years.