European regulation in the securities services space is designed to foster competition, transparency, harmonisation of systems and reduction of costs. But is it achieving those goals? A top-level panel met to find out the answer and to discuss exciting developments such as new platforms and sources of liquidity. The debate was sponsored by Citi but independently edited by The Banker.
How should technology be implemented to lower costs, improve efficiency, outwit the competition and reduce the organisation’s carbon footprint? What makes a successful partnership between a technology vendor and a bank? What future developments are in store? These were the key questions discussed at The Banker round table on ‘Retail banking and technology: a new era’, held in London last month. The event, the second on retail banking this year in the Leadership Series, was sponsored by Finacle from Infosys, but independently written and edited.
In many parts of the world, the global economy is being driven as much by trade in information, ideas and services,as by trade in physical goods. Organisations that were able to achieve success and predominance through sheer productivity and massive scale are now fewer and far between. Increasingly, it is the ability to think laterally, to operate on an agile basis, to react to global trends quickly and, above all, to innovate that will determine the sustainability of an organisation in future.