Innovation by financial technology companies (fintechs) has led to many banks opening their doors for collaborations. The strategic approaches, often multidimensional, vary from investments to building an ecosystem and technology partnership
Driven by competition and rapid disruption, banks increasingly spend on technology enabled models targeted to improve customer experience and service capability. What are the recent developments and top priorities of banks in 2018?
Losses from cybercrime has increased sharply as ransomware incidents soar, ‘cybercrime as a service’ provides greater access and new threats emerge, forcing banks to implement multilayered and stronger technology enabled IT risk and security frameworks.
China CITIC Bank International redesigned its treasury and capital markets systems to improve operating efficiency, provide stronger risk management, address current and future regulatory challenges and improve new products’ time to market.
Kevin Gillick, executive director of GlobalPlatform, a non-profit standard for secure digital services and devices, shares his views on how security and technology priorities are changing and what should be done in today’s interconnected world
Cyber-threats have become increasingly complex, inflicting high monetary and reputational damages to institutions that, despite various measures, are forced to plan “catch up” to the advanced technology of criminals. As regulators expand advisories, the institutions now need stronger multi-layered cyber-resilient initiatives.
The following sections outline our proprietary methodology, which subscribers can use as a guide to understand the various research notes and analysis.